To run the business successfully there are lots of things required like investment, equipments, proper setup and last but most important is human resource. Human resource is always taken as the back bone of any business either new or old. Although human resource is always taken as the valuable asset for any company but due to modern technological inventions, new ways of doing businesses are coming every day that has affected the human recourse’s hiring to some extent.

Today the outsourcing of businesses is becoming very common and preferable by the businessmen. It is done for being cost efficient in proper way. Companies usually incur huge costs in recruiting the staff. Recruitment is a long procedure having being divide in certain steps i.e. short listing of candidates, walk in interviews, selection committee, hiring of employees and at last their training sessions. This long procedure can affect the business in any possible negative way. Time limitation in completing a huge task instantly is the big challenge for a company. The company faces a problem when there is small time limit for completing a big project. The best thing at this stage is to discover a best alternative for performing the required task timely rather than striking head in useless and unreliable procedures. To ask the pet employees to work as part timers can be a solution for the company. And if they agree, there could not be any other best alternative than this. On the contrary; company would have to go for another way if workers disagree.

Managed service providers are very inn now a day in every kind of businesses. Companies need to reduce their burden so they prefer to share some of their work with any other party, called managed service provider. Managed service provider can be in real or virtual form and it used to work with other companies to share their burdens and to get profits in return on monthly basics.

Managed services provider majorly provides IT related services like technical assistance for any business, maintenance of their old data and making their backups, providence of full fledge security protection for their computer systems, designing and maintaining their websites, designing their logos for different products, server management, maintenance of customer's records, who have visited the website and found any query regarding any product, and lots of other IT related assistance.

The services provided by managed service providers are supplied at lower cost as compared to the cost involved in the hiring of new employees so they are already trained people who are providing us this IT related services. This is very effective way to reduce the cost and time. This step towards the third party is taken mostly by modern companies.

There are many pros of having managed service providers and one of the most important benefit is that the companies who can’t afford or have the time and space constraints to have some new setup for the IT department they usually get the benefit of it. Then this is very cost effective process. This can provide all sort of solutions related to IT department.

Although some companies still prefer to have in-house IT departments but most of them are moving towards getting the third party’s services to make their outputs quicker and cheaper. By looking its advantages it could be said easily that in future there will be very difficult to find even a single company that has their own IT department in their setup.