A managed backup uses a third party managed service provider (MSP) to create and store backups of your data. There are a number of reasons a business would choose to create backups. First, some industries may require backups to be created in order to be compliant with regulatory practice. The use of backups ensures that in case such data is called into question, it can be easily retrieved by the regulatory body. Sometimes companies are obligated to store their backups for several years, which can eat into available hard drive space. By using an MSP to store your backups, you free up space on your network. Another reason that people are concerned about backing up their data is in case their computer network becomes compromised. Nothing stops work faster than corrupted or locked files. By having backups on hand, you can easily migrate your network to another hardware system without missing a beat.