Information Services Group Inc. - III STOCK NEWS

European insurers are seeking agile, tech-savvy approaches to business amidst challenging macroeconomic conditions, new market risks, and changing customer demands, according to the 2023 ISG Provider Lens™ Insurance Services report for Europe. The report emphasizes the need for insurers to modernize their legacy systems to combat new competitive pressures and rising costs. Service providers with digital IT skills and industry experience are being sought after to help transform business models, creating immense value through IT, business process, and insurance domain capabilities. The report also highlights the impact of inflation, interest rates, regulatory pressure, cybersecurity, climate risks, and changing technology on European insurers. Despite these challenges, insurers have viable options for coping, including embracing new technologies, re-evaluating old ways of doing business, increasing cooperation and efficiency, and pursuing innovations. The report evaluates the capabilities of 36 providers across Life and Retirement (L&R) Insurance BPO Services, Property and Casualty (P&C) Insurance BPO Services, and Insurance ITO Services, naming several companies as Leaders and Rising Stars in different quadrants.

ISG (Nasdaq: III) Report: Nordic Enterprises Pursue Cost Efficiency Amid Cloud Expenditure Rise

The ISG Provider Lens™ report highlights the increasing competition in the Brazilian banking market, with banks focusing on modernizing their systems and platforms to improve customer experience and remain competitive. The report also introduces new digital services like Pix and Open Finance, aiming to make the market more inclusive and competitive. Accenture, Capgemini, Compass UOL, Stefanini, and TIVIT are recognized as leaders in various quadrants in the report.

U.K. companies invest in cloud optimization tools and microservices, according to ISG Provider Lens™ report. Despite concerns over data visibility and interoperability, companies are seeking FinOps solutions to monitor cloud spending. Microservices are growing in significance as they offer scalability in multi-cloud environments. The report evaluates 53 providers across seven quadrants, naming Claranet and Rackspace Technology as Leaders in four quadrants each.

The ISG Provider Lens™ Multi Public Cloud Services report for the U.S. reveals that demand for public cloud computing and associated services has remained strong, with the overall cloud services market in the U.S. growing by approximately 50 percent over the past year. Enterprises are increasingly turning to multi-cloud strategies to take advantage of the strengths of each hyperscaler and avoid vendor lock-in, leading to a growing demand for multi-cloud expertise from service providers. The report also highlights the rise of cloud-native technologies, FinOps, and managed services, driving the need for visibility, control, and efficient, scalable computing resources without significant upfront investment.

The 2023 ISG Provider Lens™ report by Information Services Group (ISG) (Nasdaq: III) reveals the rising demand for public cloud-related solutions as organizations migrate on-premises applications to multiple public clouds. The report highlights the growing interest in cloud-native technologies for modularity, agility, scalability, and cost-effectiveness, while emphasizing the complexity of multi-cloud computing. It also discusses the increasing need for cloud observability platforms, agent-based monitoring and security solutions, FinOps solutions, and advanced security tools to address vulnerabilities in cloud-native architectures.

Blitzz (Nasdaq: III) wins ISG Startup Challenge at ISG Digital Business Summit with its remote customer service video solution. The live video tool allows businesses and customers to troubleshoot and assist through a smartphone camera. Blitzz facilitates millions of minutes of video for technical troubleshooting, inspections, audits, and more every month across various industries.

Information Services Group (ISG) (Nasdaq: III) has launched a research study examining providers of services and solutions that help chemical companies navigate global supply and demand issues. The study will be published in two comprehensive ISG Provider Lens™ reports, titled Chemical Industry Services and Solutions, scheduled to be released in May 2024. The reports will cover services and solutions for digital IT/OT services, supply chain and logistics, and sustainability and innovation. ISG has distributed surveys to more than 50 chemical industry services and solutions providers, and the study will feature new and expanded customer experience (CX) data.

The Information Services Group (ISG) released a report on the state of insurance carriers in North America, revealing that traditional insurers are becoming more data-driven in response to rising costs and market challenges. The report highlights the need for insurers to embrace digital transformation and AI to meet changing customer expectations. It emphasizes the importance of reducing operational costs while becoming more agile in responding to customer needs. The report also discusses the role of service providers in helping insurers achieve successful digitalization projects and improve customer experiences.