A Storage Service Provider (SSP) is any company that provides computer storage space and related management services. SSPs also offer periodic backup and archiving.
Advantages of managed storage are that more space can be ordered as required. Depending upon your SSP, backups may also be managed. Faster data access can be ordered as required. Also, maintenance costs may be reduced, particularly for larger organizations who store a large or increasing volumes of data. Another advantage is that best practices are likely to be followed. Disadvantages are that the cost may be prohibitive, for small organizations or individuals who deal with smaller amounts or static volumes of data and that there's less control of data systems.
Read more about Storage Service Provider: Types of Managed Storage
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