Information Svrs Stock Price, News & Analysis

The 2022 ISG Provider Lens™ report indicates that U.S. enterprises are rapidly adopting digital engineering technologies, transforming products from standalone objects to interconnected systems. Industries like automotive are integrating software and data to enhance product value. The report highlights the importance of partnerships with service providers to access scarce digital engineering talent. Major players such as Accenture and Wipro are recognized as leaders across multiple categories, signaling significant industry evolution and opportunity for further growth.

Information Services Group (III) has launched a new advisory service focused on Web3 and the metaverse, aiming to guide clients through the implications and opportunities of these emerging technologies. With estimations placing the Web3 and metaverse market at $800 billion to $1 trillion, this initiative addresses the growing interest from clients seeking to understand their business impact. The service will include learning sessions and strategic planning to help clients navigate the complexities of these technologies, including NFT, blockchain, and decentralized economies.

Information Services Group (NASDAQ: III) will participate in the upcoming ISG Digital Business Summit on June 21-22 in London. Industry experts will discuss the shift from large technology programs to continuous digital transformation, emphasizing agility and adaptability. Key speakers include David Mattin from New World, Same Humans and Samantha Fanning from University College London. The event will focus on optimizing business models and leveraging technology to enhance customer experiences.

ISG launches study on retail banking technologies to explore advanced vendor solutions aiding banks in meeting evolving customer demands. The upcoming ISG Provider Lens™ report, titled Retail Banking – Digital Innovators 2022, scheduled for release in August, will feature mid- to late-stage startups improving banks’ competitiveness. The study will highlight vendors providing technology solutions like customer data platforms and seamless digital onboarding methods. This initiative aims to support banks in tackling industry challenges while enhancing customer experiences.

ISG Automation has extended its partnership with Enate to offer its process orchestration platform to U.S. clients. This SaaS solution simplifies business processes, managing work between humans and bots for increased productivity. The collaboration aims to strengthen Enate's presence in the U.S. market, enhancing automation technologies' integration across various platforms. Enate's solution includes modules for workflow management, analytics, and compliance to improve operations. This partnership aligns with ISG's strategy of collaborating with leading automation providers.

Information Services Group (NASDAQ: III) has launched a digital engineering advisory business to address rising enterprise demand for product digitization and enhanced customer experiences. The global engineering services market is valued at $200 billion, with annual contract value growing over 35% year-over-year in Q1 2022. This new initiative aims to connect data and analytics with product design, enabling continuous product updates and improved customer relationships.

Information Services Group (III) has initiated a research study focusing on advanced technologies that assist retailers in adapting to evolving market conditions. This study will be presented in the upcoming ISG Provider Lens™ report titled Retail – Digital Innovators 2022, set for release in August. The report aims to help retailers and service providers understand how innovative technologies can enhance customer engagement and operational efficiency in a competitive landscape.

Information Services Group (III) announces the inaugural ISG SICE Summit in New York on July 11-12, featuring experts from Citigroup, IBM Security, and more. The summit will focus on a digital fabric integrating 5G, hybrid cloud, IoT, and AI technologies to create secure, intelligent, connected economies (SICE). Keynote speaker Vincent Campitelli from the Cloud Security Alliance will address cloud security risks. Sessions will cover cybersecurity sourcing, multicloud estates, and sustainable tech, aimed at driving digital transformation and operational efficiency.

ISG has enhanced its ProBenchmark platform with real-time pricing for cybersecurity services amid rising demand due to geopolitical threats. Research indicates over a 20% increase in cybersecurity-related contract awards in 2021, with enterprises recognizing cybersecurity as a critical risk management priority. The updated platform utilizes data from 23,500 engagements, showcasing significant rates for cybersecurity skills rising up to 15%. Furthermore, ISG is tracking over 150 managed service contracts worth $4 billion that will require renewal within two years.