Definition - What does Managed Cloud mean?
Managed cloud is a service that aids companies and business owners by managing the organization's cloud experience, while the organization focuses on their core expertise. This reduces the burden, as a trusted party manages all or part of the cloud. Many companies and business owners tend to chose managed cloud in order to reduce the number of team members and consequently the payroll.
Techopedia explains Managed Cloud
In large organizations and commercial enterprises, a business does not need to have an expert on staff in all the domains that are part of the business growth. Just like every other task that is be done by experts, a company may hire a third party to manage its cloud and cloudware applications. This allows the company to focus on its main areas of expertise rather than delving into tasks that are of secondary importance and are not directly related to their skills. The advantage is professional expertise, administration, and system monitoring and architecture guidance by an expert in the field of cloud services.