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Information Services Group, Inc. (Nasdaq: III) is a renowned global technology research and advisory firm headquartered in Stamford, Connecticut. Established in 2006, ISG has rapidly evolved to become a trusted business partner to over 700 clients worldwide, including 75 of the world's top 100 enterprises. The company's core mission is to assist corporations, public sector organizations, and service and technology providers in attaining operational excellence and accelerated growth.
ISG specializes in a broad range of digital transformation services such as automation, cloud and data analytics, and sourcing advisory. Additionally, the firm offers managed governance and risk services, network carrier services, technology strategy and operations design, change management, market intelligence, and technology research and analysis. With an employee base of over 1,300 professionals across more than 20 countries, ISG's global team is celebrated for its innovative thinking, market influence, deep industry and technology expertise, and exceptional research and analytical capabilities.
The company's operations are predominantly divided into three geographical segments: the Americas, Europe, and the Asia-Pacific, with the majority of its revenue coming from the Americas. ISG provides fact-based sourcing advisory services and has carved a niche for itself as a leader in this domain.
Recent achievements include strategic partnerships with several key technology providers, driving collaborative innovation and delivering enhanced value to clients. ISG's latest projects focus on leveraging advanced technologies to streamline operations and foster business growth for its clients. The firm’s commitment to innovation and excellence has been a driving force behind its sustained growth and industry leadership.
For the latest updates and detailed information on ISG's performance, events, and developments, investors and stakeholders can explore the most recent news and announcements from the company.
According to a new ISG report, German enterprises are cautious about migrating to SAP's cloud offerings despite the approaching end of support for the ECC in 2027. Small and medium-sized enterprises (SMEs) exhibit the most reluctance, while midmarket firms seek providers to guide them through the SAP S/4HANA transformation.
Providers are preparing for a future surge in demand by enhancing their consulting offerings and positioning themselves as one-stop shops for transformation projects. Despite the slow migration, firms aim for cost savings and improved efficiency through streamlined processes and enhanced functionalities. However, challenges such as outdated systems, fragmented IT landscapes, security concerns, and the need for industry-specific solutions persist.
The report evaluates 56 providers, naming Accenture, All for One Group, Capgemini, Eviden, and Infosys as leaders in four quadrants. Companies like Tech Mahindra are recognized as Rising Stars for their promising portfolios and future potential.
ISG, a global technology research firm, is set to release a report on Finance and Accounting Outsourcing Services (FAO) in October. The report will evaluate providers offering services related to procurement, reporting, budgeting, and financial planning. Enterprises are seeking consultative and partner-oriented providers who leverage advanced technologies to streamline processes and enhance decision-making capabilities. The study aims to help enterprise buyers assess vendor relationships and available offerings.
Information Services Group (ISG) announced first-quarter 2024 results with GAAP revenues of $64 million and a net loss of $3.4 million. The company reported adjusted net income per share of $0.01 and adjusted EBITDA of $4 million. ISG generated $2.3 million cash from operations and declared a second-quarter dividend of $0.045 per share. The firm set second-quarter guidance with revenues between $65 million and $67 million and adjusted EBITDA between $7.0 million and $8.0 million.
Enterprises in Brazil are increasingly adopting SAP Business Technology Platform (BTP) to streamline HR operations and enhance talent management. The ISG Provider Lens™ report highlights the rise in platform developers and BTP-certified professionals, emphasizing the importance of keeping the digital core clean. Midsize enterprises in Brazil are focusing on improving the employee experience by utilizing tools like SAP SuccessFactors Employee Central. The report also discusses the use of SAP tools to monitor and enhance ESG indices of Brazilian companies.
Europe’s enterprises are embracing digital engineering technologies at a rapid pace, as highlighted in the ISG Provider Lens™ report. The convergence of physical and digital worlds is driving demand for digital engineering services across various industries. Companies are adopting digital tools like industrial IoT, digital twins, and AI to enhance operations. The report also explores the growing trend of product-as-a-service (PaaS) models in European enterprises.
The digital engineering services sector in the U.S. experienced a significant shift in 2023 due to the convergence of major enabling technologies, with GenAI being a key driver according to the ISG Provider Lens™ report. Enterprises are adopting new tools and agile approaches to accelerate development and meet customer requirements. The report highlights the integration of GenAI capabilities into software platforms and services by service providers, paving the way for strong growth in the digital engineering technology sector.
Microsoft plans to add Azure OpenAI services to Swiss data centers, boosting Switzerland's AI reputation. The ISG report highlights increased demand for cloud services in Switzerland, emphasizing the potential for growth in the sector. The integration of AI and cloud technologies by Microsoft is transforming the ecosystem, with the launch of Copilot driving revenue growth. Swiss enterprises are leveraging Microsoft's offerings to enhance efficiency and gain competitive advantages.
Enterprises are seeking integrated finance and accounting software platforms to enhance automation and insight, with a focus on AI and machine learning technologies. The report highlights the shift towards SaaS platforms that offer multi-functional capabilities and integration with complementary applications. GenAI is being explored for strategic functions like R2R and FP&A, potentially leading to improved predictive models and personalized financial insights. Providers are adapting to unique client needs, expanding capabilities through mergers, acquisitions, and partnerships. The report also addresses global expansion, implementation processes, and challenges like outdated systems and data accuracy.
European enterprises are increasingly adopting ServiceNow as their primary workflow management platform due to the expanding array of modules available. The recent Vancouver release introduces new features and capabilities across various modules, enhancing digital workflows and user experiences. The ISG report highlights the need for proficient professionals to manage the platform effectively and optimize costs associated with deploying and maintaining ServiceNow solutions. The report also emphasizes the growing demand for certified ServiceNow developers, administrators, consultants, architects, and project managers in Europe.
ServiceNow's expanded scope is driving increased adoption in Australia, with enterprises utilizing modules for workflow management in various functions beyond IT. The ISG Provider Lens report highlights the rapid growth of ServiceNow in Australia, especially in sectors like federal agencies, financial services, and regulated industries. The introduction of GenAI and the Now Assist tool are further propelling the platform's adoption, offering automation solutions for labor-intensive processes. The report also emphasizes the benefits of the Knowledge Extraction feature in improving data processing efficiency. Collaboration between ServiceNow and its partners is enhancing the ecosystem's capabilities.
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