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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.
Information Services Group (Nasdaq: III) has announced a research study focusing on service providers for the oil and gas sector. The ISG Provider Lens™ report, releasing in January 2023, will examine how these providers assist companies through digital transformation and operational improvements. Key areas include asset management, cloud computing, and energy transition services. The study responds to the industry's challenges, including price volatility and the shift towards low-carbon resources, which has heightened the need for innovative solutions.
German enterprise investment in IoT technology is rapidly increasing, according to a report by Information Services Group (Nasdaq: III). The adoption of IoT solutions has notably grown, driven by the need to optimize processes and enhance customer experience. Despite challenges like data security concerns and a skilled labor shortage, many enterprises are turning to managed IoT services for operational flexibility. The report evaluates 42 providers in various IoT sectors, naming Atos, Capgemini, Cognizant, and Siemens as leaders across all quadrants.
Information Services Group (Nasdaq: III) has launched a research study focused on manufacturing service providers transitioning to digital technologies. Scheduled for release in December, the ISG Provider Lens™ report will evaluate providers aiding sectors such as automotive and semiconductors. The study aims to furnish enterprise buyers with valuable insights into vendor relationships. The research also highlights the evolving landscape of manufacturing driven by innovations in technology, such as cloud computing and IoT.
Information Services Group (Nasdaq: III) released a 2022 ISG Provider Lens™ report highlighting the dissatisfaction among U.S. enterprises with current marketing technologies. This report emphasizes the growing demand for AI-driven solutions and agile marketing practices to enhance digital customer experiences, especially post-COVID-19. Key findings show that Accenture and Cognizant lead across all six service quadrants, while Mindtree is recognized as a Rising Star in two. The report aims to guide enterprises in selecting the most relevant MarTech services.
ISG's new report highlights the shift of traditional banks towards digital banking platforms to meet consumer demands for quick online services. Over 70% of banks are migrating to cloud-based solutions, enhancing agility and cost-efficiency. The report emphasizes partnerships with fintech startups to leverage Banking-as-a-Service models, improving product offerings. While the technology landscape evolves, banks must modernize strategically to stay competitive.
HARMAN's Digital Transformation Solutions (DTS) has been recognized in the ISG Provider Lens™ IoT Services report for 2022, earning accolades as a leader in Implementation, Managed Services, Mobile Asset Tracking, and Data Management. Additionally, it was rated a Rising Star in Strategy Consulting. This recognition highlights HARMAN DTS's commitment to providing innovative, secure, and scalable IoT solutions, leveraging a robust partner ecosystem and human-centered design. The firm's efforts in blending physical and digital technologies to meet evolving customer needs demonstrate its capability to deliver exceptional value.
Information Services Group (Nasdaq: III) reported second-quarter GAAP revenues of $71 million, reflecting a 500 bps negative foreign exchange impact. The company achieved a record net income of $5 million, with GAAP EPS at $0.10 and adjusted EPS at $0.13. First-half results were also strong, with revenues of $143 million, a 9% increase in constant currency. ISG returned $9 million to shareholders through repurchases and dividends, declaring a $0.04 dividend for Q3. Guidance for Q3 estimates revenues between $71 million and $73 million.
Enterprises in Singapore and Malaysia are increasingly adopting Software-Defined Networking (SDN) to enhance network integration, automation, and management, as highlighted in the 2022 ISG Provider Lens report. The report indicates that COVID-19 has accelerated demand for network agility, with companies focusing on data-driven strategies for optimal connectivity and security. ISG identifies key players in this space, naming Orange Business Services and Singtel/NCS as leaders across five service categories. The demand for edge computing and IoT is anticipated to rise significantly in the next 12-24 months.
Information Services Group (NASDAQ: III) has launched a new research study focusing on human capital management (HCM) platforms aimed at optimizing workforce management for enterprises. The findings will be published in the HCM Technology Platforms 2022 report in December, covering vendors offering solutions for core HCM functions and talent management. With a competitive market for skilled workers, effective HCM is crucial for strategic goals. Surveys have been distributed to around 50 providers to aid in creating an informed evaluation for enterprise buyers.
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