Managed Services vs Professional Services: Explained

Managed services rely on third-party management of daily operations, services include IT support, cloud solutions, and cybersecurity; while professional services address a range of task and initiative needs. For both, profitability is an important concern, but requires different strategies. Managed services offer ongoing management on an annual or multi-year contract basis, while professional services are typically project-based. Professional services aim to optimize utilization of resources while ensuring engineers correctly align solutions. A helpful checklist for finding the right professional services solution is provided for organizations.