Managed IT services refer to the practice of outsourcing a company's IT operations to a third-party provider. This provider, often called a Managed Service Provider (MSP), takes responsibility for monitoring, managing, and maintaining IT systems, allowing businesses to focus on their core activities. Services can include network management, data backup, cybersecurity, and technical support. By utilizing managed IT services, companies can benefit from expert knowledge and resources without the need to hire a full in-house IT team. This approach can lead to cost savings, improved efficiency, and enhanced security, as the MSP stays updated on the latest technology trends and threats.