Different Profiles for my digital camera , monitor and Printer

No you don't have to do this settings. It is automatic when you are using them in your computer. But for the settings, you need to install the CD provided together with the devices that you currently have. It is pretty easy to install as long as it has no compatibility issue with your operating system. It is very important to install this driver because the device like your printer won't work once there is no established driver inside your computer.

Also some of it are not automatically detected but it is fixable by drivers, those that are detected are automatically set. The driver installed device will be automatically set once the driver is there.