Information Svrs Stock Price, News & Analysis

Information Services Group (Nasdaq: III) reports rising enterprise adoption of intelligent automation in the U.K., driven by demand in customer service, finance, and marketing sectors. Despite stagflation and potential negative GDP growth, the push for automation is fueled by increasing labor and supply costs. The report highlights advancements like Conversational AI and Intelligent Document Processing, aiding businesses in achieving operational efficiency. Leading companies in the report include ABBYY and UiPath.

ISG's expert, Jay Woldar, discussed the transformative potential of real-time payments during a virtual event hosted by American Banker. He emphasized that these systems can enhance business liquidity, visibility, and cash flow management while also reducing interchange fees. Despite advantages, most enterprises still rely on ACH and wire transfers, which are slower and costlier. The upcoming FedNow system, set to launch in mid-2023, is anticipated to significantly bolster demand for real-time payments, compelling banks to adopt these technologies to avoid competitive disadvantages.

The 2022 ISG Provider Lens™ report highlights the rapid adoption of intelligent automation platforms by U.S. enterprises, focusing on enhancing customer experience. These platforms are evolving from robotic process automation (RPA) to more comprehensive solutions incorporating conversational AI, intelligent document processing (IDP), and process discovery. Leading companies like ABBYY and UiPath are recognized as leaders in multiple quadrants. The report indicates a broader application of automation across industries, pushing businesses towards competitive advantages and improved operational outcomes.

Information Services Group (III) has released a report highlighting technology transformations in the U.K. banking sector. The report emphasizes the need for banks to adapt to evolving regulations and customer expectations, especially post-COVID-19. Key technologies like AI and machine learning are crucial for compliance with new laws, including Basel 3.1 and Payment Services Directive 2. The study evaluates 26 service providers, naming leaders in various quadrants, including Accenture and Deloitte. The rise of non-bank alternatives is reshaping consumer banking choices, driving urgent modernization efforts.

The ISG Provider Lens™ report highlights significant transformations in Nordic banks as they shift from legacy systems to modern cloud-based platforms. Driven by changing consumer behavior and the rise of FinTechs, digitalization has become a priority. Major banks are adopting technologies like AI and blockchain and are collaborating on the P27 payment system to enhance competitiveness. The report evaluates 22 providers and names Accenture, Capgemini, and others as leaders across various quadrants.

ISG Provider Lens reports on the rapid digital transformation of U.S. banks, driven by competitive pressures and evolving customer expectations. Banks are adopting next-generation technology platforms to modernize operations and enhance service offerings, including banking-as-a-service and open banking APIs. The research highlights the emergence of new competitors in the fintech space and increased regulatory demands for capital and cybersecurity compliance. Leaders identified in the report include Accenture, Capgemini, Cognizant, Infosys, and TCS.

The ISG Provider Lens™ report reveals a rising trend towards sovereign and sustainable cloud services in the Benelux region. Enterprises are increasingly adopting hybrid cloud solutions, merging private clouds with public cloud services. The report highlights that the Netherlands leads in digital transformation due to its lenient regulations, while Luxembourg's strict regulations present challenges for providers. The study assesses 48 service providers, designating Accenture, Atos, Kyndryl, and Sopra Steria as leaders across multiple quadrants. Overall, the demand for data protection and cloud solutions is set to grow significantly.

Information Services Group (NASDAQ:III) presented the 2022 ISG Star of Excellence Awards™ to Atos, DXC Technology, and TCS for outstanding customer service. The awards were based on feedback from enterprise clients across various sectors. The ceremony took place during the ISG Sourcing Industry Conference in London. More than 1,000 service providers were evaluated, with winners recognized for excellence in areas like innovation, execution, and governance. The event highlighted the importance of business continuity in a post-pandemic world.

Information Services Group (III) announced the winners of the 2022 ISG Paragon Awards™ EMEA, recognizing innovative sourcing partnerships that enhance business success through technology. The awards ceremony took place on November 22 in London, showcasing nearly 100 submissions from 28 providers. Notable winners include UST with Wolters Kluwer for Excellence and Wipro with Diageo for Innovation. The event emphasizes the adaptability and ingenuity of service providers in catering to evolving enterprise needs post-pandemic.