The document discusses how managed service providers (MSPs) can thrive in today's hybrid, multicloud world. It notes that while many "front office" applications have moved to public cloud, mission-critical applications have been slower to move. It recommends that MSPs develop hybrid, multicloud strategies to provide value across different workloads and clouds. MSPs should also specialize in areas like migration, modernization, and cloud-native development to help clients optimize and manage applications on their cloud journey.