Welcome to our dedicated page for Information Svrs news (Ticker: III), a resource for investors and traders seeking the latest updates and insights on Information Svrs stock.
News and updates for Information Services Group, Inc. (ISG) (Nasdaq: III) focus on its role as a global AI-centered technology research and advisory firm. ISG regularly issues announcements about its research programs, AI initiatives and market analyses that are relevant to enterprises evaluating technology and business services providers.
Readers can expect coverage of ISG’s AI-focused developments, such as the acquisition of the AI Maturity Index SaaS platform, which assesses and benchmarks workforce readiness for AI adoption, and the formation of an AI Acceleration Unit to coordinate AI-related advisory and research offerings. News may also highlight ISG’s plans for a proprietary insights platform with an AI-powered “intelligence advisor” designed to give organizations real-time access to ISG data and analysis on technology markets and providers.
ISG news frequently features the ISG Provider Lens® research series, which examines providers in areas like private and hybrid cloud data center services, cybersecurity services and solutions, insurance services, and digital business innovation services. Articles describe how enterprises are using AI, cloud infrastructure, digital engineering and unified services to modernize operations and address regulatory, security and customer experience challenges.
In addition, updates from ISG Software Research and its ISG Buyers Guides™ for analytics, AI analytics and enterprise resource planning (ERP) provide insight into software market trends and vendor evaluations. Investors and technology decision-makers can use this news feed to follow ISG’s research agenda, AI-centered strategies and commentary on how enterprises are adopting AI and modern technology platforms.
Information Services Group (III), a global technology research and advisory firm, announced the retirement of CFO David Berger after nearly 12 years. Humberto 'Bert' Alfonso has been appointed to succeed him, effective June 7. Berger will assist in ongoing M&A projects during the transition. Alfonso brings over 30 years of experience, including executive roles at Hershey and Cadbury Schweppes, and has a proven track record in driving growth through M&As. The changes aim to support ISG's growth coming out of the pandemic, with Alfonso expected to enhance financial and legal affairs.
Information Services Group (ISG) (Nasdaq: III) has launched two research studies focusing on technology tools and services for the contact center industry. The findings will be published in two reports, Contact Center – Customer Experience Services and Contact Center as a Service, in September. These reports will help enterprise buyers assess vendor relationships and recommend providers, particularly in the wake of increased digital engagement during the pandemic. The studies involve surveys with over 70 service providers in total, covering key areas like AI and analytics and work-from-home services.
Information Services Group (ISG) (Nasdaq: III) has launched real-time data feeds for its ISG GovernX® platform, enhancing vendor compliance and risk management. This innovative solution integrates contract management with risk monitoring, allowing clients to assess risks proactively. The platform now covers over $46 billion in supplier contracts, with a 90% increase in enterprise subscriptions in 2020, facilitated by the COVID-19 pandemic. The upgrades aim to address diverse risks in increasingly complex provider ecosystems, ensuring robust oversight and efficient management of supplier relationships.
The latest ISG Index report highlights significant demand for cloud-based services in the Americas, recording $5.2 billion in ACV for Q1 2021, an 11% increase year-on-year. This growth is largely driven by a 14% rise in IaaS, reaching $3.5 billion, while SaaS grew by 5% to $1.7 billion. The overall as-a-service and managed services market reached $8.6 billion, up 6% from the prior year. Despite a slight decline in managed services, the report predicts an 18% growth for cloud-based services in 2021. Key cloud contracts were noted for major companies like Ford, Microsoft, and Google.
The ISG Provider Lens™ Microsoft Ecosystem Report highlights post-pandemic trends showing increasing reliance on Microsoft products among U.S. enterprises.
Many companies are optimizing their investments in cloud-based solutions like Office 365 and Teams, often with third-party provider support.
Notably, major service providers such as Accenture and IBM are recognized as leaders in four quadrants of Microsoft services.
With the adoption of Mixed Reality and enhanced Azure offerings, there is notable growth potential in the service provider sector.
According to a new report by Information Services Group (ISG), U.S. companies are increasingly seeking service providers to enhance their ServiceNow capabilities for managing digital workflows. The 2021 ISG Provider Lens ServiceNow Ecosystem Partners Report highlights a focus on business relationship management, demand management, and service portfolio management in digital transformation efforts. Key leaders in this field, including Capgemini and Cognizant, have been identified, along with rising stars like Atos. Companies are encouraged to consider the complexities of comprehensive service management during ServiceNow implementation.
Information Services Group (III) announced it will release its first-quarter financial results on May 10, 2021, at 4:30 p.m. ET. A conference call for investors and analysts is scheduled for the following day, May 11, 2021, at 9 a.m. ET. Participants can join via U.S. dial-in number 1-800-367-2403 or international number 001-334-777-6978, using security code 8193481. A recording of the call will be available on ISG's website for four weeks after the event.
Information Services Group (III) has initiated a study on finance and accounting digital services, set to culminate in a comprehensive ISG Provider Lens™ report releasing in August. This report aims to enhance understanding of automation in finance processes, thereby increasing productivity, data accuracy, and cost efficiency. Over 40 providers were surveyed to contribute insights. The report will cover four service quadrants: Procure-to-Pay, Order-to-Cash, Record-to-Report, and Finance and Accounting Outsourcing, focusing on automation technologies such as AI and machine learning.
The 2021 ISG Provider Lens™ Enterprise Service Management (ESM) Report reveals a growing reliance on ESM providers as U.S. enterprises seek to enhance control over non-technical operations. The report highlights ESM's pivotal role in digitization and indicates rising demand for implementation services due to market complexities. Leaders in the report include Capgemini, Infosys, and DXC Technology, among others. The shift towards managed services is noted, as many companies prefer outsourcing to meet their ESM needs. The full report assesses 34 providers across four service quadrants.
Global demand for technology and business services surged in Q1, with a record annual contract value (ACV) of $17.1 billion, an 11% increase year-over-year, as reported by Information Services Group (III). The cloud-as-a-service market hit $9.9 billion, growing 15%, while managed services reached $7.2 billion, up 7%. The Americas market grew to $8.6 billion, reflecting a 6% year-over-year increase. Notably, business process outsourcing (BPO) saw a remarkable 43% annual growth to $1.4 billion, driven by industry-specific services.