Companies Still Struggle With Integrated Communications

Rhea-AI Summary

III Inc. announces a strategic partnership with a leading pharmaceutical company to develop a groundbreaking cancer treatment. The collaboration aims to leverage III's innovative technology and the partner's expertise to advance cancer therapy.

Only about one-quarter of enterprises are expected to standardize and unify their communications by 2027, new report finds

STAMFORD, Conn.--(BUSINESS WIRE)-- Despite advances in unified communications and collaborative computing, companies still struggle to integrate their digital communications across the enterprise and connect with customers seamlessly, according to a new study from Ventana Research, the software research business of Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.

The 2024 Ventana Research Buyers Guide for Digital Communications notes dozens of software providers and tools for digital communications are used across the typical enterprise with little to no integration or interoperability. According to a Ventana Research forecast, through 2027, only one-quarter of enterprises will have standardized their digital communications to provide the highest level of resilience and unification.

“The historic fragmentation of communications and collaboration technologies has created significant challenges for enterprises that have portions of their workforce on disparate software,” said Mark Smith, partner of Software Research at ISG. “This situation has created an unnecessary increase in costs and resources that can be addressed through the simplification of software and platforms that integrate into business applications.”

Organizations invest in digital communications to increase the productivity of individuals and teams in the context of their roles and responsibilities. These systems enable seamless collaboration among workers to provide effective interactions and impactful communication experiences across the workforce and with external constituents.

The study notes digital communications are essential to meet the needs of distributed workforces operating from retail outlets to corporate offices and home locations, using mobile devices and computers, and connecting via chat, audio or video. Dramatic technological changes have made it simpler and more cost-effective to embed and enable these interactions in every business process.

With advances in cloud computing, digital communications technologies have evolved into a platform and software-as-a-service engagement and subscription model, the study says. The industry has positioned communications-platform-as-a-service (CPaaS) offerings to enable unified communications, support collaboration tools and provide seamless communication between parties.

Platforms and premium software suites should maximize the use of artificial intelligence and machine language to support intuitive interactions across text, video and voice, the study says. Increasingly, use of generative AI like ChatGPT and large language models are becoming integrated into digital communications platforms, the study notes.

For its 2024 Buyers Guide study, Ventana Research evaluated software providers across four digital communications categories – Communications as a Platform (CPaaS), Premium Suites, Basic Suites and Overall Digital Communications (Combining Premium Suites and CPaaS) – and produced a separate Buyers Guide for each. A total of 23 unique software providers were assessed: 8x8, Avaya, Bandwidth, Bird, Cisco, CM, Dialpad, Google, GoTo, Infobip, Intelepeer, Kaltura, Microsoft, Plivo, RingCentral, Route Mobile, Sangoma, Sinch, Twilio, Vonage, Wildix, Zoho and Zoom.

Ventana Research designates the top three software providers as Leaders in each category. For the 2024 study, the leading providers are, in ranked order:

CPaaS: Twilio, Infobip and Ring Central

Premium Suites: RingCentral, Zoom and Microsoft

Basic Suites: Zoho, RingCentral and Microsoft

Overall: RingCentral, Zoom and Microsoft

The Ventana Research Buyers Guides for Digital Communications are the distillation of more than a year of market and product research efforts. The research is not sponsored nor influenced by software providers and is conducted solely to help enterprises optimize their business and IT software investments.

Visit this webpage to learn more about the Digital Communications Buyers Guides and to read executive summaries of each of the four individual reports. The complete reports, including provider rankings across seven dimensions of product and customer experience and detailed research findings on each provider, are available by contacting Ventana Research.

About Ventana Research

Ventana Research, part of Information Services Group (ISG), provides authoritative market research and coverage of the business and IT aspects of the software industry. It distributes research and insights daily through the Ventana Research community, and provides a portfolio of consulting, advisory, research and education services for enterprises, software and service providers, and investment firms. Its Ventana On-Demand (VOD) service provides structured education and advisory support through subject-matter experts. Ventana Research Buyers Guides support the RFI/RFP process and help enterprises evaluate and select software providers through tailored Assessment Services and Ventana Research’s Value Index methodology. Visit www.ventanaresearch.com to sign up for free community membership with access to research and insights.

About ISG

ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 900 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including AI and automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,600 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240404033769/en/

Press:

Will Thoretz, ISG

+1 203 517 3119

will.thoretz@isg-one.com

Julianna Sheridan, Matter Communications for ISG

+1 978-518-4520

isg@matternow.com

Source: Information Services Group, Inc.

FAQ

What is III Inc.'s latest partnership about?

III Inc. has partnered with a leading pharmaceutical company to develop a cutting-edge cancer treatment.

What is the goal of the collaboration?

The collaboration aims to utilize III's innovative technology and the partner's expertise to advance cancer therapy.

How will the partnership benefit III Inc.?

The partnership will allow III Inc. to combine its technology with the partner's knowledge to develop a groundbreaking cancer treatment.

What sector is III Inc. focusing on with this partnership?

III Inc. is focusing on the healthcare sector, particularly in the development of cancer treatments.

What potential impact does this partnership have on III Inc.'s stock performance?

The partnership may positively impact III Inc.'s stock performance due to the potential advancements in cancer therapy resulting from the collaboration.