Information Services Group, Inc. - III STOCK NEWS

The 2020 ISG Provider Lens Cyber Security Solutions & Services Report highlights the rising demand for cybersecurity services in Switzerland, particularly influenced by the COVID-19 pandemic. Swiss companies face increasing cybersecurity threats as they adapt to remote work and digitization. The report notes a significant interest in identity and access management and data loss prevention solutions. It evaluates 73 providers, naming IBM as a leader across all five quadrants. The findings underline the importance of maintaining updated IT security systems to safeguard enterprises from evolving cyber threats.

On August 24, 2020, Information Services Group (Nasdaq: III) released its 2020 ISG Provider Lens Cyber Security – Solutions & Services Report for Germany. The report highlights increased demand for cyber security services as businesses digitize operations and face new threats, particularly during the COVID-19 pandemic. Key findings indicate a shift towards cloud-based identity and access management, rising interest in data loss prevention, and reliance on external providers for IT security. IBM was named a leader in all five evaluation quadrants, underscoring its dominant position in the market.

Information Services Group (III) has launched a comprehensive research study on the manufacturing services market amid digital transformation. The results will be published in the ISG Provider Lens™ report, Manufacturing Industry Services 2020, set for release in January. The report will address the impact of COVID-19 on digitization, shifting manufacturing models, and service providers' roles across the smart manufacturing value chain. Surveys have been distributed to over 150 service providers, covering key areas such as Smart Product Engineering, Production Automation, and Manufacturing Connectivity.

ISG will host the virtual ISG TechXchange event on September 2, featuring leaders from banking and financial services discussing digital transformation strategies. Keynote speakers include experts from Dow Jones and AXA, addressing industry challenges such as customer demands and competition. Discussions will focus on automation, AI ethics, and customer service innovations. The event is complimentary for enterprises and will include various keynote addresses, breakout discussions, and networking opportunities. Previous ISG events have attracted over 700 participants globally, highlighting the firm’s role in supporting digital transformation.

The 2020 ISG Provider Lens Cyber Security – Solutions & Services Report highlights the increasing involvement of Brazilian executives in cyber security amid growing concerns over data breaches. Companies are adapting due to the Lei Geral de Proteção de Dados (LGPD) and the COVID-19 pandemic, which has shifted many to remote work. The report evaluates 55 providers in five quadrants, with IBM leading in four. Trends include a focus on artificial intelligence and machine learning for managed services and rising importance of identity management as businesses transition to the cloud.

According to the ISG Index report, Asia Pacific's outsourcing market faced a significant decline in Q2 2020, decreasing by 24% year-over-year to $1.9 billion due to COVID-19 impacts. Managed services dropped by 47% to $529 million, with IT outsourcing down 42% and business process outsourcing down 71%. However, as-a-service offerings only fell by 9%. For the first half of 2020, overall ACV declined 11%, with managed services down 39%. Despite this, as-a-service grew nearly 5%, albeit at a slower rate than 2019. Forecasts suggest slight growth in the global market for Q3 and Q4 2020.

On August 17, 2020, Information Services Group (Nasdaq: III) announced the winners of the 2020 ISG Paragon Awards™ APAC, honoring innovative sourcing partnerships in technology. Key winners included Ramco Systems with Norske Skog Australasia for ERP Transformation and Unisys with The Philippine Statistics Authority for Civil Registry System Modernization. Nitin Rakesh from Mphasis was recognized for leadership. ISG emphasized the importance of digital transformation in resilience during the pandemic, congratulating honorees for their contributions to the industry.

On August 13, 2020, Information Services Group (Nasdaq: III) announced a new research study focusing on the service provider market for intelligent business automation, AIOps, and conversational AI. Scheduled for release in December, the ISG Provider Lens report will examine various intelligent automation solutions, helping enterprises enhance productivity and customer experience. The study will analyze over 70 providers and will feature three quadrants covering proprietary solutions, AIOps, and conversational AI, delivering insights for enterprise buyers and advisors.

According to a recent report by Information Services Group (III), enterprises in Germany are gradually adopting SAP's S/4HANA database, with a growing preference for cloud-based infrastructure. The 2020 ISG Provider Lens SAP HANA Report highlights a rapid expansion of cloud services in the country. Many companies are hesitant to upgrade due to the potential impact on their systems. A greenfield approach is increasingly favored for transitioning to new SAP products. Despite the pandemic, SAP projects remain largely unaffected, with many companies successfully adapting to remote work for ongoing initiatives.