The Do IT Wise Connector is an integration tool that extracts data from third party systems like New Relic, Dynatrace, and SolarWinds. It filters the extracted data, converts it to a format suitable for HP BSM, monitors the health of data collection and distribution, and has a web UI for configuration and statistics. The connector pulls metrics, topology, and alert data from the third party system and forwards it to HP BSM, allowing for a unified view of data across multiple sources for reporting, correlations, SLAs, and automation. It maps alerts to configuration items and pulls topology periodically to deliver CIs and relationships.