Tag: Europe

Application Transformation Services PEAK Matrix® Assessment 2024 – Europe

Application Transformation Services – Europe

As customers’ needs evolve and businesses strive for greater efficiency, the importance of application transformation has substantially increased for enterprises. Enterprises are actively embracing transformation efforts to fully leverage emerging technologies and transition from outdated legacy systems. Amid ongoing macroeconomic uncertainty, European enterprises are prioritizing application transformation initiatives to unlock business value at every stage of their transformation. Furthermore, there is a persistent emphasis on sustainability, compliance, and regulatory adherence.

In response, service providers are enhancing their offerings through strategic partnerships with technology and platform providers and developing IPs to maximize RoI and gain enterprise confidence. Additionally, they are making substantial investments to expand their regional delivery centers in Europe to strengthen local service delivery and ensure better proximity to customers.

Application Transformation Services

What is in this PEAK Matrix® Report

 In this report, we examine the dynamics of the European application transformation service provider landscape and assess 26 application transformation service providers featured on Everest Group’s Application Transformation Services PEAK Matrix® – Europe. The study will enable buyers to choose the best-fit provider based on their sourcing considerations, while providers will be able to benchmark their performance against each other. 


Contents: 

In this report, we examine:

  • Everest Group’s services PEAK Matrix® evaluation of 26 application transformation service providers
  • The characteristics of Leaders, Major Contenders, and Aspirants in the provider landscape
  • Providers’ key strengths and limitations

Scope:

  • All industries
  • Geography: Europe
  • The assessment is based on Everest Group’s annual RFI process for the calendar year 2023, interactions with leading application transformation service providers, client reference checks, and an ongoing analysis of the application transformation services market

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What is the PEAK Matrix®?

The PEAK Matrix® provides an objective, data-driven assessment of service and technology providers based on their overall capability and market impact across different global services markets, classifying them into three categories: Leaders, Major Contenders, and Aspirants.

LEARN MORE ABOUT Top Service Providers

EU Parliament Approves AI Act: Food Manufacturers Face Smooth Transition but Consumers Left Exposed | In the News

The European Parliament voted overwhelmingly in favor of the EU AI Act. The impacts of this new law on food manufacturers will likely be relatively minimal as the industry’s current use of AI systems will mostly fall into the “Limited risk” category. However, the European Consumer Organisation (BEUC) warns consumers remain insufficiently protected by the AI Act.

EU countries are set to approve the AI Act in May, but the law will not apply until 2026. This two-year implementation period creates problems, according to Nitish Mittal, Partner at Everest Group, as the law could become outdated.

Read more in Food Ingredients 1st.

Trust & Safety Summit UK | Conference

conference

trust & safety summit uk

13-14 March, 2024

Catch Everest Group’s Abhijnan Dasgupta on a panel discussion at the Trust & Safety Summit UK. His session is titled “What’s Next for Trust & Safety Professionals?”

Abhijnan will join other experts to explore the future landscape of trust and safety, identifying key trends, challenges, and opportunities that lie ahead.

The panel will explore topics such as:

  • What the future of digital platforms and online threats and harms will look like
  • How to measure the success and change of impending regulations
  • Ways to assess how Trust & Safety professionals can futureproof their operations
  • How Trust & Safety will evolve as generative AI, Web 3.0, and Metaverse platforms become more prominent
  • What will happen for Trust & Safety leaders if we do not see transformative change in light of new regulations?
Dasgupta Abhijnan
Abhijnan Dasgupta
Practice Director, Everest Group

EU AI Act Sets Global Standard for Managing AI | In the News

The European Parliament passed some of the world’s first comprehensive AI regulations Wednesday, meaning that enterprise businesses will need to start taking steps toward compliance. The European Union’s AI Act regulates the technology by placing AI models into buckets of risk ranging from minimal risk to unacceptable risk.

The risk-based approach outlined in the EU AI Act is “unique,” said Nitish Mittal, Partner at Everest Group. The approach addresses some of the AI paranoia attached to the growing use of large language models.

Read more in Tech Target.

AI Act Gets Final Nod in European Parliament: Does It Go Far Enough? | In the News

The European Parliament passed the AI Act, with the landmark ruling setting the standards for AI governance in the European Union. But does it go too far, or not far enough?

Nitish Mittal, Partner at Everest Group, said “There are concerns about how the EU AI Act might prevent exponential innovation in AI in Europe, compared to the strides being made by US and Chinese companies and governments”. Mittal also agreed that the AI Act’s risk management framework is “nuanced, as it looks at risks throughout the design and development process, considering impacts on safety, privacy, and fundamental rights.”

Read more in Cybernews.

EU AI Act Passes: How CIOs Can Prepare | In the News

The European Union passed its sweeping AI Act, which will establish tough guidelines and penalties for businesses using artificial intelligence.

“This law is the most definitive stab at governing this AI monster,” Nitish Mittal, Partner with Everest Group, tells InformationWeek in an interview. “I believe this is going to have a ‘halo effect’ for other regions”, he added.

Read more in InformationWeek.

EU AI Act Sets Global Standard for Managing AI | In the News

The European Parliament passed some of the world’s first comprehensive artificial intelligence regulations Wednesday, meaning that enterprise businesses will need to start taking steps toward compliance.

The risk-based approach outlined in the EU AI Act is “unique,” said Nitish Mittal, Partner at Everest Group. “It allows you to take an appropriate measure for the appropriate level of risk,” Mittal said.

Read more in Tech Target.

EU AI Act Passes: How CIOs Can Prepare | In the News

The European Union on Wednesday passed its sweeping AI Act, which will establish tough guidelines and penalties for businesses using artificial intelligence.

“This law is the most definitive stab at governing this AI monster,” Nitish Mittal, Partner with Everest Group, tells InformationWeek in an interview. “I believe this is going to have a ‘halo effect’ for other regions. GDPR deals with a very specific point around data privacy. But AI is such a big, broad existential issue for our society and businesses right now, every country is trying to see what they can do to get inspired by this law in some shape or form,” he added.

Read more in InformationWeek.

2024 Landscape: Europe Breakfast Briefing

Event

2024 Landscape: What will Enterprises expect from Gen AI and their Service Providers? | Breakfast Briefing

January 25

8:30 a.m. - 10:30 a.m. BST | Central London

At our exclusive Breakfast Briefing in London, we shared insights following our Key Issues 2024 Study. Speakers delved into key business challenges, strategies, and industry insights, to help kickstart your year and stay ahead of the curve in 2024.

Everest Group’s Key Issues 2024 study captures the pulse of IT-BP industry leaders from across the globe to uncover major concerns, expectations, and trends, and how they plan to drive accelerated value through global services in 2024. Themes include the global services industry outlook, key business challenges and priorities, expectations from service providers, expected changes in outsourcing deals, digital and next-generation capability priorities, and the impact of Gen AI, among others.

Contact Susan Sehmi for further details.

Aggarwal Rohitashwa B
Partner, Global Business Services, Everest Group
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Category Efficiency Manager - Outsourcing, Santander
1625844816880
Senior Executive & Investor, AI, Data & Tech
Herbert Julian
Vice President, Information Products, Everest Group
Mittal Nitish
Partner, Technology, Everest Group
Rickard David
Partner, Customer Experience Management, Everest Group
Sundrani Ricky
Partner, Pricing Assurance, Everest Group
Vijayan Anil
Partner, Business Process Services, Everest Group

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