Information Services Group, Inc. - III STOCK NEWS

ISG Provider Lens™ report highlights that CFOs globally are seeking enhanced transparency in financial operations post-COVID-19. The report indicates a shift towards digital finance solutions, with CFOs aiming to utilize automation and analytics to improve cost efficiency, accuracy, and compliance. Challenges in realizing ROI from finance automation are noted, emphasizing the need for proper use case identification. As companies adopt hybrid work models, support for cybersecurity and compliance is crucial. New agreements focus on business-outcome SLAs rather than traditional input-based ones.

Information Services Group (Nasdaq: III) launched a new advisory service to assist businesses with compliance to modern slavery legislation across six countries, including California. The service leverages the ISG GovernX® platform to enhance risk management by mapping supply chains. ISG advisors will help clients develop a compliance framework, conduct training, and integrate anti-slavery clauses in contracts. With over 40 million people affected globally, enterprises face legal obligations and potential penalties for non-compliance, emphasizing the need for thorough supplier management.

Information Services Group (Nasdaq:III) announced its ISG Australia office has received the Great Place to Work Certification™ by the Great Place to Work Institute. This recognition is based on a confidential employee survey assessing workplace culture and employee experience. Over 70 employees at ISG Australia provide various services in the Asia Pacific region. ISG Australia joins its Bangalore office, which has held this certification for two consecutive years. The award emphasizes the company's commitment to a positive employee experience.

Information Services Group (NASDAQ:III) has expanded its ISG Provider Lens™ research program to assist U.S. state and local governments and higher education institutions in selecting technology and business service partners. This move comes after being named a preferred technology research partner by the National Association of State Procurement Officers (NASPO). The new program aims to address the unique challenges faced by government entities, offering tailored research and evaluation services. ISG will start publishing reports for public sector markets in 2021, covering various technology areas.

Information Services Group (Nasdaq: III) will host the 2021 Sourcing Industry Conference in Dallas from October 4–6. This in-person event, marking its 15th year, will gather industry leaders to discuss growing global demand for digital transformation and cloud technology. The ISG Index™ indicates a record demand for technology services, projecting a 21% growth in cloud-based services for 2021. Experts will explore opportunities in emerging technologies, focusing on operational resilience and innovation.

The ISG Provider Lens™ report highlights a surge in U.S. demand for cloud-based solutions during the COVID-19 pandemic. Companies are increasingly prioritizing as-a-service applications, with a 33% rise in large cloud-based engagements in Q2 2021, reaching $5.9 billion. This growth includes a 33% increase in Infrastructure-as-a-Service (IaaS) and a 31% rise in Software-as-a-Service (SaaS). ISG emphasizes the importance of flexibility and agility in adapting to market disruptions, with a notable demand for vertical SaaS solutions targeting specific industries.

Enterprises are increasingly shifting from traditional software to Software-as-a-Service (SaaS) as highlighted in the latest ISG Provider Lens report. This transition, driven by a desire for innovation and cost-efficiency, forecasts a 21% growth in combined SaaS and Infrastructure-as-a-Service (IaaS) annual contract value in 2021. Companies are focusing on core applications like ERP and CRM. The report emphasizes the rise of vertical SaaS tailored for specific industries, aided by modern APIs and mobile app personalization. Key players like Microsoft Dynamics 365 and Workday are recognized as leaders in the market.

The 2021 ISG Provider Lens™ Cybersecurity Report highlights French enterprises increasing investments in cybersecurity to comply with regulations, prevent breaches, and ensure business continuity. As ransomware threats rise, companies seek dynamic cybersecurity solutions, notably in identity and access management (IAM) and endpoint protection. The report identifies significant growth potential for cybersecurity service providers and names IBM as a leader in five quadrants. Additionally, a worldwide skills shortage is driving demand for managed security services across France.