Information Services Group, Inc. - III STOCK NEWS

ISG Provider Lens™ reports indicate that U.S. companies are increasingly investing in data analytics services and platforms, recognizing their importance for business insights. This rise in demand is attributed to the ongoing pandemic, prompting organizations to prioritize data-driven strategies. The reports highlight a boost in self-service business intelligence tools and data integration capabilities. Key players like Accenture and IBM are recognized as leaders in the analytics space, with a growing focus on compliance, governance, and responsible AI use. Overall, companies are leveraging analytics for competitive advantage.

Information Services Group (Nasdaq: III) celebrated its 15th anniversary by ringing the opening bell at the Nasdaq MarketSite in Times Square. Founded in 2006 with no revenues, ISG has grown to serve over 700 clients, generating nearly $300 million in annual revenues. CEO Michael P. Connors highlighted the firm's success, with share prices up 300% since the pandemic began in March 2020. ISG's new operating model, ISG NEXT, has driven significant demand for digital transformation services, marking 2021 as the company's best year.

Information Services Group (Nasdaq: III) has announced a new research study focused on the evolving digital engineering services market, set to release in April. This ISG Provider Lens™ report will analyze how providers leverage technologies such as AI, 5G, and IoT to meet enterprise needs. It will feature five key quadrants assessing various service capabilities, including design and development, intelligent operations in discrete and process industries, customer engagement, and platform services. The study aims to guide enterprise buyers in evaluating vendor relationships and offerings.

ISG Star of Excellence Awards recognizes top technology and business service providers for outstanding customer service. A total of 30 finalists, including Accenture, Capgemini, and IBM, were selected from over 1,000 candidates based on customer feedback. The awards ceremony is set for December 16, where winners will be announced. The program evaluates vendors across six categories, emphasizing customer experiences and quality of service. The awards aim to elevate industry standards amid challenges like the pandemic and talent shortages.

The ISG Provider Lens™ report indicates significant growth potential for public cloud services in France, driven by government support for cloud adoption. Despite concerns over data privacy and sovereignty, many enterprises are forming partnerships with large cloud providers. The report highlights the importance of understanding GDPR compliance and data security. The French National Agency plans to issue certificates for cloud data residency in Europe. Five government cloud projects with budgets over €100 million are underway, and there’s a growing focus on reducing carbon emissions in the cloud sector.

The ISG Provider Lens™ report reveals a growing trend among enterprises adopting multicloud setups, increasingly seeking assistance from cloud service providers to manage these complex environments. The COVID-19 pandemic has accelerated public cloud adoption, driven by digital transformation and cybersecurity needs. The report identifies five archetypes of clients seeking cloud services and highlights that while cloud adoption is rising, security concerns hinder companies from migrating critical workloads. Additionally, enterprises are focusing on managing cloud expenses using FinOps principles.

The ISG Provider Lens™ report indicates a significant shift among Swiss enterprises towards the public cloud, particularly driven by the need for digital transformation and remote work adaptability due to COVID-19. Companies are increasingly seeking consulting and managed services to navigate multicloud environments and enhance security. The demand for skilled cloud professionals remains high, with providers facing similar talent shortages. Additionally, the report highlights Swisscom as a leader across all service categories in the cloud sector.

The 2021 ISG Provider Lens™ report reveals that German enterprises increasingly rely on public cloud services for remote work amid COVID-19. The report highlights a strong demand for service providers capable of managing multiple cloud environments and delivering innovation. However, a skills shortage affects public cloud service providers, prompting a focus on automation to enhance efficiency. Additionally, the importance of managing cloud spending and adopting platform-as-a-service (PaaS) solutions is emphasized. The report evaluates 94 providers, recognizing leaders and rising stars in various service areas.

ISG Provider Lens™ report indicates that Nordic enterprises are significantly increasing spending on public cloud services to enhance customer experience and broaden their global reach. The report highlights a surge in cloud adoption across various industries over the past six quarters. Notably, organizations are transitioning from legacy systems to cloud technologies, with a marked increase in SAP HANA workloads moving to the cloud. The report evaluates 52 cloud service providers, naming TietoEVRY a leader in four quadrants, with several other companies recognized as leaders or rising stars in various segments.