Information Services Group, Inc. - III STOCK NEWS

ISG Provider Lens™ report reveals that demand for 5G networks in enterprise IoT applications is rising in the U.S., despite concerns over deployment, tower locations, and misinformation. The report emphasizes the need for businesses to ensure strong wireless network quality as older networks are shut down to make way for 5G. While overall IoT deployment slowed in 2020, the manufacturing sector increased spending on IoT outsourcing, and organizations seek help to scale their IoT initiatives. Cybersecurity remains a significant concern, driving enterprises to partner with service providers for better protection.

ISG Provider Lens™ report highlights a global resurgence in interest for IoT and IIoT among enterprises seeking better management and security for their systems. The report indicates that while the pandemic initially slowed IoT investments in 2020, sectors like manufacturing have resumed outsourcing contracts and focusing on intelligent operational expenses with clear ROI. Cybersecurity remains a key concern, prompting companies to engage service providers. The report evaluates 30 providers, naming leaders like Atos, Capgemini, and IBM.

ISG Provider Lens™ report highlights the impact of macroeconomic uncertainties on the adoption of SAP S/4HANA. Initially, the pandemic led to a slowdown in transformation plans as companies focused on cost efficiency. Enterprises may delay significant SAP S/4HANA transitions, favoring short-term projects to meet immediate goals. The report evaluates 18 providers catering to different client archetypes, with leaders including Capgemini, Cognizant, HCL, and Infosys. The increase of AI and industry-specific templates aims to help businesses adapt to SAP S/4HANA.

The 2021 ISG Provider Lens™ Insurance BPO Services and TPAs Archetype Report highlights significant challenges faced by traditional insurance carriers due to regulatory demands and rising competition from digital insurers. The report indicates that these carriers are increasingly turning to technology outsourcing providers to enhance operational efficiency and customer experience. Key findings show that insurers are adopting automation, AI, and cloud solutions to improve productivity and protect sensitive data. Notably, leaders identified in the report include Cognizant, EXL, Infosys, and WNS across all four buyer archetypes.

Information Services Group (III) has initiated a research study focused on service providers utilizing Amazon Web Services (AWS) infrastructure. The findings will be published in the ISG Provider Lens™ report, AWS Ecosystem Partners, set for release in December. This report will assess providers aiding enterprises in efficient AWS deployments as demand for cloud services surged, reaching a record $11.2 billion in annual contract value during Q2, a significant 38% increase year-over-year. The study will encompass various services including Managed Services, Migration Services, and Data Analytics.

The 2021 ISG Provider Lens™ report reveals that the adoption of private and hybrid cloud services has surged, driven by pandemic-related changes. Many companies are now outsourcing IT infrastructure to align business goals and reduce costs. The report highlights that remote managed services are becoming the norm, and organizations prioritize automation capabilities and strong infrastructure management when selecting providers. HCL and TCS emerged as Leaders across three archetypes, while several others were recognized for their services. The report evaluates the capabilities of 30 providers catering to various customer archetypes.

Information Services Group (ISG) (Nasdaq: III) has initiated a study on digital service providers within the life sciences sector, responding to urgent industry demands for digitization. The findings will feature in an ISG Provider Lens™ report titled Life Sciences Digital Services, to be released in January. This report will aid enterprise buyers in evaluating vendor relationships and solutions to navigate competitive and regulatory challenges. The study includes surveys from over 60 technology service providers, covering five key quadrants aimed at enhancing digital transformation in life sciences.

Information Services Group (ISG) (Nasdaq: III) reported strong financial results for Q2 2021, showcasing a 23% revenue increase to $70.6 million, driven by a 28% growth in the Americas. Net income rose to $4.1 million with earnings per share at $0.08, up significantly from the previous year. Adjusted EBITDA increased by 32% to $9.7 million. The firm aims for double-digit revenue growth in Q3, estimating revenues between $66 million and $68 million. A new share repurchase authorization of $25 million has also been approved.

A recent ISG Provider Lens™ report highlights the role of small technology companies in revolutionizing the retail sector by addressing persistent challenges. This report evaluates ten small providers with annual revenues under $100 million, focusing on technological advancements like smart carts and AI for improving customer experiences and supply chain transparency. Partner Jan Erik Aase emphasizes the importance of these innovations, particularly in a post-pandemic landscape where retailers seek to enhance their digital strategies. The report showcases various vendors such as Caper and Focal Systems, underscoring their contributions to retail technology.