Information Services Group, Inc. - III STOCK NEWS

Information Services Group (ISG) (Nasdaq: III) has launched a new suite of advisory services to help clients navigate the complexities of adopting artificial intelligence at scale. ISG Research forecasts the global market for AI-related managed services to reach $175 billion by 2030. The firm is already working with a global hospitality and entertainment company, a major U.S. manufacturer, two major global insurance companies, and a U.S. state government on AI engagements.

ISG (Nasdaq: III) report reveals U.S. enterprises embracing innovative automation platforms to improve processes and user experience, with a focus on AI and ML features, especially generative AI (Gen AI). Intelligent automation platforms are improving in areas like conversational AI, document processing, and process discovery and mining.

Information Services Group (ISG) (Nasdaq: III) has launched a research study examining providers of finance and accounting (F&A) platforms that help organizations grapple with an increasingly complex financial environment. The study will be published in a comprehensive ISG Provider Lens™ report, titled Finance and Accounting Platforms, scheduled to be released in May 2024. The report will cover platform providers for Invoice to Cash (I2C) and Record to Report (R2R) processes, enabling enterprise buyers to evaluate their current vendor relationships, potential new engagements, and available offerings. ISG has distributed surveys to more than 20 F&A platform providers, and the report will examine finance and accounting platforms available globally. The study will feature new and expanded customer experience (CX) data based on ISG's continuous CX research.

The 2023 ISG Provider Lens™ Multi Public Cloud Services report for the U.S. public sector, published by Information Services Group (ISG) (III), reveals that rising cloud investments in the U.S. public sector have led to increased cloud adoption among state, local, and educational (SLED) organizations. Despite the slow growth of cloud infrastructure and platform services, the demand for cloud-related services has grown significantly, with more providers entering the market. The report evaluates the capabilities of 37 providers across four quadrants and names several industry leaders, including IBM, Accenture, AWS, CGI, Deloitte, Infosys, Kyndryl, Microsoft, Rackspace Technology, and Unisys.

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.