To date, no industry standards have been set to clearly define the management role of dedicated server providers. What this means is that each provider will use industry standard terms, but each provider will define them differently. For some dedicated server providers, fully managed is defined as having a web based control panel while other providers define it as having dedicated system engineers readily available to handle all server and network related functions of the dedicated server provider.
Dedicated servers sound pretty great, right? They are. That said, you should be aware of their relatively high prices. Setting up shop on a dedicated server will likely cost you more than $100 per month; shared servers, on the other hand, are far less expensive. The cheapest web hosting services will lease you space on the web for well under $10 per month. In addition, you'll need to handle firewalls and maintenance yourself unless you opt for a managed server, which costs even more.
Recognized for the excellent uptime and ability to handle large loads of traffic, you'll also no longer have to contend with noisy neighbors. Noisy neighbors can bog down the server, but with a Dedicated Server, your web application can perform at optimal speeds. Thus, favored by mission-critical businesses, E-Commerce sites and web pages with significant traffic.