As used in the technology industry, the term “managed services” has a precise meaning, particularly for companies who call themselves Managed Service Providers (or MSPs). According to Gartner, “A managed service provider (MSP) deliver outsourced IT services, such as network, application, infrastructure, and security, via ongoing and regular support and active administration on customers’ premises, in their MSP’s data center (hosting), or a third-party data center. MSPs may deliver their native services in conjunction with other providers’ services (for example, a security MSP providing sys admin on top of a third-party cloud IaaS). Pure-play MSPs focus on one vendor or technology, usually their core offerings. Many MSPs include services from other types of providers. The term MSP traditionally was applied to infrastructure or device-centric services but has expanded to include continuous, regular management, maintenance, and support.” In short, Fully Managed Services provide proactive management of an IT (Information Technology) asset or object by a third party, typically known as an MSP, on behalf of a customer. What Managed Services apart is the proactive delivery of services compared to reactive/break-fix IT services, which have been around for decades.