Information Services Group, Inc. - III STOCK NEWS

The ISG Provider Lens™ report highlights a significant transition by enterprises towards software-defined networking (SDN) solutions to cut costs, enhance cloud operations, and improve customer experience. The report reveals that many companies are progressing from pilot projects to larger implementations of SDN technologies. Key drivers for this shift include the desire for operational efficiency, improved network integration, and the need to manage growing data traffic cost-effectively. Notably, AT&T, IBM, Tech Mahindra, and Wipro are recognized as leaders in providing these solutions.

ISG (Nasdaq: III) emphasizes the need for enterprises to enhance cybersecurity through neuroscience principles in a webinar on September 17, 2020. Experts Missy Lawrence-Johnston, Andreas Dietrich, and Cynthia Batty will discuss integrating technology and cultural change to combat social engineering attacks, which account for over half of all cybersecurity breaches. The session will highlight methods for creating a security mindset among employees, including ongoing testing and role-playing. The company asserts that robust cybersecurity is now a crucial market differentiator.

ISG (Nasdaq: III) will host the ISG SourceIT event on September 22-23, focusing on optimizing value in sourcing amidst COVID-19 challenges. Keynote speakers, including Joseph Martinez from Bank of NY Mellon, will address data-driven sourcing transformation, while Dimitrios Manolopoulos from National Bank of Canada will discuss cost transformation strategies. The event features over 30 sessions on agility, sourcing, and business continuity, emphasizing adaptability and innovation in the sourcing industry.

According to a report by Information Services Group (III), many enterprises may delay large-scale SAP S/4HANA transformations due to economic uncertainty. Instead of upgrading, businesses are likely to maintain their existing SAP ERP systems for cost management. The report emphasizes the growing client base hesitant to transition to S/4HANA due to concerns over cost and complexity. However, some enterprises may still adopt S/4HANA for its efficiency and management solutions. Leading service providers are enhancing support for the migration process, leveraging AI and agile practices to facilitate smoother transitions.

On September 7, 2020, Information Services Group (Nasdaq: III) released its 2020 ISG Provider Lens™ IoT – Services and Platforms Report, highlighting a surge in IoT adoption among Germany's industrial manufacturers. The report reveals that while many companies are curbing non-essential IT projects due to the COVID-19 pandemic, demand for IoT solutions remains complex, focusing on predictive maintenance and resource management. Security concerns also pose challenges. Capgemini and Deutsche Telekom are recognized as leaders across all quadrants, showcasing their expertise in the growing IoT market.

The 2020 ISG Provider Lens IoT – Services and Platforms Report reveals significant evolution within the U.S. IoT market, highlighting enterprises’ focus on business optimization and operational efficiencies. Key findings indicate that IoT technologies are critical for digital transformation, with a strong demand for partnerships among service providers. The report also emphasizes the growing importance of cybersecurity in IoT, although a comprehensive security framework is currently lacking. Industry leaders identified include Capgemini, Cognizant, and IBM, with considerable investments noted in smart buildings and connected vehicles.

The recent white paper by Information Services Group (III) highlights the growing importance of independent software vendors (ISVs) in digital transformation. Sponsored by AWS, it identifies key attributes of emerging ISVs, such as a focus on customer experience, flexible pricing models, and industry-specific solutions. By utilizing advanced technologies like AI and analytics, these ISVs can enhance customer interactions and reduce operational costs. The report emphasizes the necessity for enterprises to select the right ISVs to successfully navigate digital transformation, with AWS playing a critical role in this evolving landscape.

ISG will host a live online event on September 1, at 2 p.m. ET, focusing on digital transformation strategies for health insurers. Moderated by Ron Exler, the webinar features insights from industry leaders, including Deborah Norton from Harvard Pilgrim Health Care. They will discuss the adaptations made by Harvard Pilgrim in response to COVID-19, particularly the role of intelligent automation in enhancing efficiency. ISG highlights that automation can drastically reduce claims processing costs, from $4 manually to $1.25 when automated. The event aims to share valuable strategies for health insurance companies.