Information Svrs Stock Price, News & Analysis

ISG's new report highlights a surge in digital transformation among U.K. enterprises post-pandemic. Companies are aligning with economic changes by enhancing customer experience and supply chain management through digital solutions. The report emphasizes the use of AI, automation, and sustainability initiatives supported by government policies. Prominent service providers like Accenture and IBM are recognized as leaders in critical service areas. The ongoing transformation aims to address complex supply-chain challenges and meets environmental, social, and governance goals.

The 2023 ISG Paragon Awards™ ANZ announced its finalists, celebrating innovative approaches in leveraging technology for business success. A total of 57 nominations were submitted across categories such as Excellence, Innovation, Transformation, Workplace of the Future, Environmental Sustainability, and Diversity. Winners will be revealed at a gala dinner on March 2, 2023, at the Fullerton Hotel Sydney. The event emphasizes the critical partnerships that enable enterprises to adapt and thrive amidst disruption.

Information Services Group (Nasdaq: III) has released its 2022 ISG Provider Lens™ report, highlighting a significant uptick in U.S. enterprises' adoption of digital services due to technological complexities. The report emphasizes that digital transformation is essential across industries, pushing firms towards agility and resilience post-pandemic. Notably, companies are increasingly engaging in ESG initiatives, with a keen focus on decarbonization. The report ranks leading providers, naming Accenture and HCLTech as leaders across all quadrants.

U.K. Enterprises Turn to Intelligent Automation Amid Stagflation

According to a new report from ISG, U.K. companies plan to invest more in intelligent automation technologies to cut costs during the ongoing stagflation crisis. The report highlights a revolution in automation methods, integrating AI and machine learning to enhance efficiency across various business processes. Key players such as Accenture and Capgemini have been identified as leaders in the automation sector. Additionally, challenges like technical debt and governance are crucial as enterprises shift toward comprehensive automation strategies.

Thirty winners were honored at the inaugural Digital Engineering Awards, organized by L&T Technology Services in collaboration with ISG and CNBC-TV18. The event, held at the Hyatt Regency Jersey City, showcased more than 120 nominations from over 70 global firms. Awards were given across nine categories, recognizing significant contributions to engineering, research, and sustainability initiatives. Notable winners included Openreach Ltd., ExxonMobil, and Eaton Corporation, highlighting the achievements of organizations and individual engineers driving innovation.

Information Services Group (III) reports a surge in U.S. investments in automation technology, aiming to enhance productivity and business processes. The 2022 ISG Provider Lens™ report reveals the U.S. generates nearly 45% of global spending in automation, emphasizing intelligent automation's role in sectors like finance and healthcare. The report notes challenges in scaling enterprise-wide automation and highlights leaders and rising stars in automation services, including Accenture and PwC. The findings indicate a strong demand for AIOps solutions to streamline operations.

The ISG Provider Lens™ report indicates that German banks are undergoing significant digital transformation in response to increasing competition from fintechs and technology giants. The report outlines three main banking types in Germany—private, savings, and cooperative— and how they are adapting by developing neo-banks. It emphasizes the need for banks to specialize and engage with diverse technology providers to modernize their business models. The report evaluates 26 service providers, naming leaders in various quadrants, and highlights the rise of new payment technologies and open banking platforms.

ISG Provider Lens report highlights a major shift among U.S. state, local, and educational organizations towards cloud computing, prompted by COVID-19 disruptions. Many institutions are migrating to cloud-first strategies to enhance services while managing shrinking budgets and legacy IT issues. The report anticipates a continuous wave of cloud adoption through 2025. Challenges include a lack of expertise and concerns over cloud security. Hyperscale cloud providers are tailoring solutions for the public sector, driving demand for managed public cloud services.

Information Services Group (III) reports on the surge in AI-powered automation in the Nordics driven by high labor costs and a shift towards digital transformation. The 2022 ISG Provider Lens™ report finds that financial services and retail sectors lead adoption, while public sector organizations lag behind. Enhanced technologies like conversational AI and intelligent document processing are crucial for efficient automation. Notably, UiPath is identified as a leader in two quadrants of automation platforms, illustrating competitive advancements in the region.