MSP

A managed services provider, or MSP, is a company that manages information technology, human resources, and data storage services for other companies. An MSP is a third party that can organize and handle processes that require a lot of administrative time for businesses, giving them more time to use elsewhere. It’s now common for MSPs to provide their services through the cloud, as this makes information more accessible to the companies that hire them.

Managed services can include:

Some MSPs focus on IT services, while others include administrative tasks and human capital management. MSPs are beneficial for companies because they provide experienced professional help in areas in which a company may not yet be equipped. If a business does not constantly need IT maintenance, an MSP is helpful because the business can use those resources just when they’re needed. MSPs also keep a business updated on their technology and how hardware and software are running. They can collect data and analyze it for a business’s benefit. Some MSPs may offer storage-as-a-service (STaaS) so that businesses only pay for what they need, rather than paying a flat rate.

MSPs can not only perform administrative human capital management tasks, such as payroll, but they can also help businesses hire excellent talent if they are a more advanced provider. Some higher-level MSPs can help organizations find employees. If they manage human resources finances, they know the budget and can recommend potential hires and rates accordingly. A good MSP can also understand the current demand for certain services and salaries and convey that to a company, helping them hire employees that they can afford and who are a good fit.

Webopedia Staff
Since 1995, more than 100 tech experts and researchers have kept Webopedia’s definitions, articles, and study guides up to date. For more information on current editorial staff, please visit our About page.

Top Articles

The Complete List of 1500+ Common Text Abbreviations & Acronyms

Text Abbreviations reviewed by Web Webster   From A3 to ZZZ we list 1,559 SMS, online chat, and text abbreviations to help you translate and understand...

Windows Operating System History & Versions

The Windows operating system (Windows OS) refers to a family of operating systems developed by Microsoft Corporation. We look at the history of Windows...

How to Create a Website Shortcut on Your Desktop

Website Shortcut on Your Desktop reviewed by Web Webster   This Webopedia guide will show you how to create a website shortcut on your desktop using...

Generations of Computers (1st to 5th)

Reviewed by Web Webster Learn about each of the 5 generations of computers and major technology developments that have led to the computing devices that...

Pareto Principle

The Pareto Principle holds that 80 percent of consequences can come from 20...

Thumb Drive

A thumb drive, or USB flash drive, is a small device with flash...

Pipeline

A pipeline is a figurative measurement of client or customer progress through a...