Tag: digital

5 Top ERP Trends for 2022 — And Their Implications for IT Leaders | In the News

Staying on top the latest shifts in enterprise resource planning (ERP) strategies and implementations will help IT leaders deliver maximum value from these business-critical systems.

“There are regular updates to the ERP, which could be in the form of features and functionalities that are pushed into the live environment. If there is a high level of customization, a CIO will have to tweak the update in context of the customization. This is cumbersome and leads to additional cost. By going in for a standardized ERP solution, IT leaders can avoid these issues, and most are following suit,” says Abhishek Mundra, Practice Director for enterprise platform services at research firm Everest Group.

Read more in CIO

How Will the Metaverse Affect the Future of Work? | In the News

Field trips to the Louvre for inspiration, sped-up learning, onboarding reimagined — how will the metaverse change our working environments and when? It depends.

The broader adoption of metaverse platforms could increase employee engagement irrespective of where they are. “This will help savvy enterprises attract needed talent without worrying about the physical offices,” said Yugal Joshi, Partner at Everest Group.

Read more in TechTarget

Finance and Accounting Outsourcing (FAO) – Service Provider Landscape with PEAK Matrix® Assessment 2022

Top Finance and Accounting Outsourcing Services

The global multi-process Finance and Accounting Outsourcing (FAO) market has continued to grow at a steady rate of approximately 10% in 2022. Surging inflation, a recessionary environment, and geopolitical instability, coupled with pandemic-induced volatility, are driving enterprises to leverage third-party provider support for their finance functions. The need for digital transformation, an increasing number of first-time outsourcers, and growing demand for next-generation technology and high-end Finance and Accounting (F&A) work from mature outsourcers will continue to drive market growth in the near-term.

Some of the key means by which providers are differentiating themselves is by offering end-to-end transformation solutions, combined with domain and industry expertise and innovative Environmental, Social, and Governance (ESG) solutions, flexible pricing models, a design thinking-led approach, transformation frameworks, and next-generation offerings leveraging automation and analytics.

In this research, we assess FAO service providers based on their vision & capabilities and market impact and position them on the Everest Group PEAK Matrix®.

DOWNLOAD THE FULL REPORT Finance and Accounting Outsourcing (FAO) – Service Provider Landscape with PEAK Matrix® Assessment 2022

 

What is in this PEAK Matrix® Report:

This report includes:

  • Everest Group’s Services PEAK Matrix® evaluation, a comprehensive assessment of 27 FAO service providers
    • 2022 FAO PEAK Matrix® Leaders, Major Contenders, and Aspirants, as well as Star Performers
    • Service provider capability assessment
  • FAO service provider landscape
  • Key strengths and limitations of each FAO service provider

Scope:

  • Geography: global
  • Services: FAO

LEARN MORE ABOUT Finance and Accounting Outsourcing (FAO) – Service Provider Landscape with PEAK Matrix® Assessment 2022

 

Our Thinking

Continuous Modernization The Key for BFS Firms in APAC in an Era of Conservative Budgets GTP 1200X628
Events

Continuous Modernization in an Era of Cost Efficiency: Perspectives for BFS Firms in APAC

F&A Operations Transformation - an Illustrative Example for an Insurance Company
Market Insights™

F&A Operations Transformation – an Illustrative Example for an Insurance Company

Integrated Operations Transformation Approach to F&A Operations
Market Insights™

Integrated F&A Operations Transformation Approach

Industry-specific F&A Solutions-An Evolving Landscape
Market Insights™

Industry-specific F&A Solutions – An Evolving Landscape

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

Multi-cloud Application Services PEAK Matrix® Assessment 2022

Top Multi-cloud Application Services

Cloud adoption has increased in recent years, with enterprises increasingly investing in modernization initiatives to compete in an evolving digital world. Enterprises are adopting a cloud-first strategy to achieve benefits such as increased business agility, an innovation-first approach, and faster time-to-market. With the availability of multiple cloud service providers, enterprises now have the flexibility to choose the right-fit cloud to best address their requirements, based on the providers’ core services and capabilities. This flexibility is enabling individual business units/functions to deploy applications on the cloud of their choice, leading to a multi-cloud ecosystem. Additionally, loosely coupled modern architectures are allowing enterprises to leverage multiple clouds to deploy different workloads of an application.

The multi-cloud ecosystem gives enterprises the freedom to move between different clouds, which helps avoid vendor lock-ins, optimize costs, and comply with regulatory as well as performance requirements. Thus, multi-cloud adoption is likely to rapidly grow in the coming years, with most enterprises having two or more clouds in their ecosystems, with a combination of one dominant cloud and multiple other clouds.

DOWNLOAD THE FULL REPORT Multi-cloud Application Development Services PEAK Matrix® Assessment 2022

What is in this PEAK Matrix® Report:

This report evaluates:

  • Everest Group’s services PEAK Matrix® evaluation of 15 multi-cloud application development service providers
  • Characteristics of Leaders, Major Contenders, and Aspirants in the service provider landscape
  • Key strengths and limitations of the 15 multi-cloud application development service providers featured in the assessment

Scope:

  • All industries and geographies
  • The assessment is based on Everest Group’s annual RFI process for the calendar year 2022, interactions with leading multi-cloud application services providers, client reference checks, and an analysis of the multi-cloud application services market

LEARN MORE ABOUT Multi-cloud Application Development Services PEAK Matrix® Assessment 2022

 

Our Thinking

GettyImages 1152446348
Blog

Multi-cloud and Modern Applications: Doomed to Fail

GettyImages 1282184302
Blog

Multi-cloud: Strategic Choice or Confusion?

Cloud and Infrastructure Services Category Strategy-Definition and Characteristics
Market Insights™

Cloud and Infrastructure Services Category Strategy: Definition and Characteristics

The Growing Need for Cloud Management Platforms
Market Insights™

The Growing Need for Cloud Management Platforms

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

IT Security Services PEAK Matrix® Assessment 2022 – Europe

Top IT Security Services in Europe

Organizations are leveraging IT security services to improve their security postures and prepare for challenges such as ransomware attacks and business disruptions. The COVID-19 pandemic, the shortage of cybersecurity talent, and the rising of CAPEX and OPEX to maintain in-house security teams, especially during the Great Resignation, have further accelerated the adoption of security services. At its end, the European countries have also started to implement stricter laws to provide better security to their citizens, one key example being the UN regulation that mandates cybersecurity management through defined performance metrics and audit requirements for car manufacturers.

Europe-based enterprises are looking for service providers that can offer geographically nuanced security services, especially in areas such as data security & privacy, verticalized SOCs, converged IT/OT security services, and regulatory assessment services, to make sure that enterprises are not just adhering to ever-evolving EU regulations but also the localized data privacy laws. All these factors combined have surged IT security services demand across Europe.

DOWNLOAD THE FULL REPORT IT Security Services PEAK Matrix® Assessment 2022 – Europe

What is in this PEAK Matrix® Report:

  • Examination of the profiles of 28 IT security service providers in Europe

  • Studies of each provider’s strengths and limitations

  • Evaluation of enterprise sourcing consideration

Scope:

  • Geography: Europe

  • Industries: all industries

  • Services: IT security services

  • The assessment is based on Everest Group’s annual RFI process for the calendar year 2022, interactions with leading IT security service providers, client reference checks, and an ongoing analysis of the IT security services market

LEARN MORE ABOUT IT Security Services PEAK Matrix® Assessment 2022 – Europe

Our Thinking

Enterprises Must Bake Contextualization into Their IT Security Strategies blog 876883006
Blog

Is Managed Detection and Response (MDR) the Holy Grail for Cybersecurity Services?

The Digital Trust Model
Market Insights™

The Digital Trust Model

Establishing Guidelines to Instill Digital Trust
Market Insights™

Establishing Guidelines to Instill Digital Trust

An AWARE Security Operations Center (SOC) Can Drive Digital Trust
Market Insights™

An AWARE Security Operations Center (SOC) Can Drive Digital Trust

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

Digital Platform and Augmentation Suite (DPAS) in Insurance BPS – Provider Landscape with Services PEAK Matrix® Assessment 2022

Top Digital Platform and Augmentation Suite (DPAS) Services in Insurance BPS

As insurance BPS industry shifts from arbitrage-first to digital model, insurers increasingly seek to understand digital capabilities of service providers. Disruptions in customer preferences and insurers’ growing needs to move faster have led to a significant change in the sourcing strategy as well. In order to pivot operations in such times, digital solutions offered by BPS providers helped in enhancing speed of delivery, reducing turn-around times, improving accuracy, and the quality of products. Such transformation projects helped in simplifying the insurance process by optimizing support functions across the value chain.

DOWNLOAD THE FULL REPORT Digital Platform and Augmentation Suite (DPAS) in Insurance BPS – Provider Landscape with Services PEAK Matrix® Assessment 2022

What is in this PEAK Matrix® Report:

This report evaluates:

  • The relative positioning of 15 providers on Everest Group’s PEAK Matrix® for DPAS in insurance operations
  • Providers’ market impact
  • Providers’ vision and capabilities across key dimensions

In this research, we assess 15 insurance BPS providers featured on the DPAS in Insurance BPS PEAK Matrix&®. Each provider profile offers details of the provider’s service focus, key Intellectual Property (IP) / solutions, domain investments, and case studies.

Scope:

  • Industry: industry-specific insurance BPS, including both P&C and L&P line of businesses
  • In this report, we cover the vertical-specific insurance BPS market. We do not cover horizontal business processes, such as Finance and Accounting (F&A), Human Resources (HR), procurement, and contact center
  • Geography: global
  • The assessment is based on Everest Group’s annual RFI process for the calendar year 2022, interactions with leading insurance BPS providers, client reference checks, and an ongoing analysis of the insurance BPS market

LEARN MORE ABOUT Digital Platform and Augmentation Suite (DPAS) in Insurance BPS – Provider Landscape with Services PEAK Matrix® Assessment 2022

 

Our Thinking

GettyImages 1450126976
Blog

The Battle Unfolds: MGAs as the Next Frontier for InsurTechs, Services, and Technology Providers

Carriers’ Sustainability Maturity Continuum
Market Insights™

Carriers’ Sustainability Maturity Continuum

Carrier + Tech Partnerships Increased ESG Focus
Market Insights™

Carrier + Tech Partnerships Increased ESG Focus

Sustainable Change
Blog

Driving Sustainable Change: A Look into the Insurance Industry’s Commitment to Sustainability

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

What’s Ahead After a Decade of Digital Transformation? | Webinar

ON-DEMAND WEBINAR

What's Ahead After a Decade of Digital Transformation?

Access the on-demand webinar, delivered live on October 11, 2022.

In 2013, the term digital transformation gained dominant mindshare across leading companies and has since been a priority for over a decade. The next decade promises to be dramatically different – with exciting new opportunities and critical challenges that enterprises will need to deeply understand, as they rethink their digital transformation strategies.

Join this webinar as our analysts share perspectives on what’s in store for the digital transformation industry and provide recommendations and best practices on how to keep pace with exponential technologies such as web 3.0, metaverse, and quantum computing.

What questions will the webinar answer for the participants?

  • What will digital transformation look like over the next decade?
  • What opportunities and capabilities are needed to serve this industry?
  • How will technologies, processes, and business networks evolve?
  • What were the pitfalls witnessed in the last decade, and how can we avoid them in the next decade?

Who should attend?

  • CEOs
  • CIOs
  • CTOs
  • Chief digital officers
  • Chief data officers
  • Head of cloud
  • Head of CX
  • Head of digital strategy
  • Head of digital consulting

How can we engage?

Please let us know how we can help you on your journey.

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