Information Services Group, Inc. reports developments as a global AI-centered technology research and advisory firm serving enterprise technology and business-services markets. The company publishes research on digital transformation, AI adoption, sourcing, cloud and data analytics, provider ecosystems, governance, risk, software, network and technology strategy.
Recurring news includes ISG Provider Lens® studies across industries such as healthcare, life sciences, aerospace and defense, automotive and mobility, SAP ecosystems and global capability centers. Company updates also cover quarterly results, GAAP and non-GAAP performance measures, advisory-market trends and the role of AI, automation, data platforms and managed services in enterprise operations.
Information Services Group (Nasdaq: III) has initiated a study to assess service providers that assist enterprises in leveraging the Google Cloud Platform (GCP). The findings will be featured in the forthcoming ISG Provider Lens™ report, titled Google Cloud Partner Ecosystem 2023, releasing in August. The report will analyze five quadrants of services: Implementation and Integration, Data Analytics and Machine Learning, Managed Services, SAP Workloads, and Workspace Services. Over 150 Google Cloud partners have been surveyed to contribute insights, aiding enterprise buyers in vendor evaluation and potential partnerships.
ISG Provider Lens™ report highlights the pivotal role of service providers in aiding enterprises with digital transformation amidst challenges from the COVID-19 pandemic and geopolitical tensions.
The 2022 report identifies four archetypes of clients leveraging digital business enablement services: Traditional, Consumer-Driven, Purpose-Driven, and Pioneering Enterprises, each with distinct focus areas and needs.
Notably, leaders like Accenture and IBM are recognized for their capabilities across multiple archetypes. The detailed evaluation is available for subscribers and one-time purchase.
Information Services Group (Nasdaq: III) has initiated a research study to evaluate service providers aiding in the adoption of Workday cloud management products. This study will culminate in the ISG Provider Lens™ report titled Workday Ecosystem, set for release in July. It aims to assist enterprise buyers in assessing vendor relationships and potential new engagements. With economic pressures affecting operational costs, organizations are increasingly relying on Workday and its partners for tailored solutions in HR and financial management. Three quadrants of services—Consulting and Strategy, Implementation and Integration, and Managed Services—will be examined.
Information Services Group (ISG) reported record fourth-quarter revenues of $74 million, exceeding guidance despite a $3.2 million negative FX impact. The company achieved a net income of $4 million and a GAAP EPS of $0.09. Full-year revenues reached $286 million, marking an 8% increase in constant currency. ISG declared a first-quarter dividend of $0.04 per share and amended its credit agreement, enhancing terms and extending maturity to February 2028. Guidance for Q1 2023 estimates revenues of $73-$75 million and adjusted EBITDA between $10-$11 million.
ISG Provider Lens released a report highlighting how Nordic oil and gas companies are leveraging digital technologies to enhance operations and sustainability amid challenges such as rising commodity prices, the war in Ukraine, and the need for decarbonization. The report notes significant capital investments in Norway's oilfields and the ongoing commitment to achieving net-zero emissions. It emphasizes the growing skills gap in the industry, driven by rapid technological change and a high retirement rate. Notably, Accenture and TCS are identified as Leaders across all service quadrants in the report.
ISG Center of Excellence in India has been recognized for the fourth consecutive year as a Great Place To Work by the Great Place To Work® Institute. This certification reflects high employee trust levels, with over 700 staff providing vital support services in Bangalore. The certification process involved a Trust Index© Assessment and a Culture Audit© evaluation, achieving over 70% positive responses. The ISG India team recently celebrated a new office launch in Bangalore, promoting modern hybrid work styles. ISG is known for its significant global presence in technology research and advisory services.
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Information Services Group (Nasdaq: III) recently announced the winners of the 2023 ISG Paragon Awards ANZ, recognizing innovative technology approaches that drive business success. A total of 57 nominations were evaluated by independent experts, culminating in an awards gala on March 2, 2023. Key winners included Versent with Colonial First State for Excellence, Capgemini for Innovation, and Hexaware Technologies for Transformation. The event highlighted advancements in digital technology and operational models, emphasizing ISG's commitment to fostering innovation in the technology services sector.
Oil and gas companies in North America are urged to enhance their digital capabilities, according to a new report from ISG. The report highlights that volatile prices, the Ukraine war, and decarbonization are driving the need for investment in digital technologies. The industry currently faces challenges due to an aging workforce and infrastructure. ISG emphasizes the importance of data analytics and green energy adaptation. It identifies key players in the market, naming Accenture, Capgemini, and Deloitte as leaders across multiple service areas. The demand for skilled workers remains high, complicating the transition to digital solutions.
Information Services Group (Nasdaq: III) has launched a study focused on finance and accounting outsourcing services to enhance enterprise efficiency through digitization, automation, and analytics. The findings will be published in the ISG Provider Lens™ report in July. This report will assist enterprise buyers in assessing vendor relationships and service offerings, aiding in informed decisions. Current market conditions, including inflation and potential recession, are driving the need for agile financial operations. Key outsourcing areas include Procure to Pay, Order to Cash, Record to Report, and Financial Planning and Analysis.