dsmonitor.exe is the background process of DriverScanner, a program that scans your computer to provide a list of drivers that need to be updated. With single click convenience, DriverScanner will then safely install each update on your PC.
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Non-system processes like dsmonitor.exe originate from software you installed on your system. Since most applications store data in your system's registry, it is likely that over time your registry suffers fragmentation and accumulates invalid entries which can affect your PC's performance. It is recommended that you check your registry to identify slowdown issues