The document discusses application service providers (ASPs), which offer individuals and enterprises access to applications over computer networks and the internet rather than having to maintain the applications locally. ASPs allow companies to outsource their IT needs and reduce costs. Benefits of ASPs include easy installation and maintenance, quick upgrades, and lower costs, while downsides include reliance on internet connectivity and potential performance issues. The document provides examples of ASPs like web hosting companies, email providers, and fax providers.