Tag: IT

DeepDive Equity Research: Producing Unique Intelligence on Tech Stocks | In the News

DeepDive Equity Research serves a select set of institutional investors by providing IT services industry intelligence and related stock findings. To produce unique material targeted to address investment controversies, DeepDive research process leverages proprietary data, an industry growth forecasting methodology honed over two decades.

In particular, DeepDive has an ongoing collaboration with Everest Group, which Rod Bourgeois, Managing Partner at the firm, extols for its “unmatched, bottom-up knowledge of the IT services industry. Bourgeois salutes Everest Group’s CEO, Peter Bendor-Samuel, saying he is a luminary in the IT services industry.

Read more in Financial Services Review.

Cognizant Gets Its Mojo Back under New CEO’s Watch | In the News

As former Infosys President Ravi Kumar S completes one year as CEO of IT services and consulting major Cognizant Technology Solutions Corp this month, experts and insiders at ET gave a thumbs up to the new chief of the US$19.4 billion dollar company.

Peter Bendor-Samuel, CEO of IT research firm Everest Group, said, “He has matched his competitors in fully funding the big deal team, however, the results are not particularly spectacular. Most of these moves have been simple execution moves and not big strategic changes.”

Read more in The Economic Times.

For IT, a US$16 Billion Deal Feast on the Table | In the News

India’s top software exporters are set to compete intensely with local and overseas peers for a sizeable share of the estimated US$16 billion in global IT services large deals that will come up for renewal in the next six months.

Many renewals are coming in at lower rates, with smaller scope but longer terms, said Everest Group CEO Peter Bendor-Samuel. “In other words, many deals are being renewed for less per year, but over a longer contract life,” he said.

Read more in The Economic Times.

Artificial Intelligence (AI) Services PEAK Matrix® Assessment 2023

Artificial Intelligence (AI) Services 

Rapid advances in AI, bolstered by recent developments in generative AI, are prompting organizations to invest in targeted AI initiatives to achieve business-oriented outcomes. Despite these developments, organizations are unable to fully capitalize on the potential benefits due to fragmented deployments across isolated departments.

Providers with extensive AI capabilities, domain expertise, and a portfolio of innovative solutions can serve as invaluable partners that guide enterprises through the evolving AI ecosystem and translate pilot projects and Proofs of Concepts (PoCs) into successful implementations.

AI Services PEAK Matrix Assessment 2023 1

What is in this PEAK Matrix® Report

In this report, we analyze 26 AI service providers featured on Everest Group’s AI Services PEAK Matrix® 2023 and highlight the strengths and limitations of each provider. 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. 


In this report, we present: 

  • The AI service provider landscape
  • AI services PEAK Matrix® characteristics
  • Enterprise sourcing considerations

Scope

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

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Artificial Intelligence (AI) Services PEAK Matrix® Assessment 2023

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Our Latest Thinking

Generative AI Impact Across the Software Development Lifecycle
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Generative AI Impact Across the Software Development Lifecycle

Generative AI Impact Across Various Infrastructure Services
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Generative AI Impact Across Various Infrastructure Services

Impact of Generative AI Impact Being Proposed by Some Leading Provider
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Generative AI Shows Potential for Cost Savings
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Generative AI Shows Potential for Cost Savings

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

Lending IT Services PEAK Matrix® Assessment 2023

Lending IT Services 

The lending industry is currently undergoing a significant transformation, propelled by the increasing demand for technological integration to enhance operational efficiency, user experience, and cost-effectiveness. This shift is largely driven by the widespread adoption of advanced cognitive tools, such as AI and predictive analytics, enabling lenders to improve automated approval rates and gain deeper insights into customer behavior. Additionally, the rise in delinquencies, stemming from a growing disparity between wage growth and expenses, is prompting lenders to embrace more user-friendly online tools for flexible payments.

In response to these challenges, lenders are leveraging cloud computing and alternative data to revolutionize underwriting and data management processes. The introduction of innovative products, such as green mortgages and Buy Now Pay Later (BNPL) options, addresses modern consumer demands within a framework aimed at consolidating products for improved efficiency. Moreover, the lending ecosystem is increasingly becoming API-driven, facilitating real-time integrations with third parties and offering flexible customer experiences without the need for costly in-house functionalities. This trend is evident across various sectors, with mortgage lending investing in technology and alternative products and auto financing transitioning toward subscription and shared ownership models. Particularly in commercial and SME lending, there is a noticeable shift toward streamlined online financing experiences and platform modernization.

Lending IT Services

What is in this PEAK Matrix® Report

In this report, we analyze 28 lending IT service providers and position them on Everest Group’s proprietary PEAK Matrix® framework as Leaders, Major Contenders, and Aspirants.
 

In this report, we: 

  • Examine key trends in the lending IT services industry
  • Classify 28 lending IT service providers as Leaders, Major Contenders, and Aspirants on Everest Group’s proprietary PEAK Matrix® framework
  • Discuss the IT service providers’ competitive landscape for lending IT services in BFS
  • Assess providers’ key strengths and limitations

Scope

  • Industry: Banking and Financial Services (BFS)
  • Geography: global
  • The assessment is based on Everest Group’s annual RFI process for the calendar year 2023, interactions with leading technology and IT services providers, client reference checks, and an ongoing analysis of the lending IT services market

Related PEAK Matrix® Assessments

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Our Latest Thinking

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Driving Factors for IT Services Recovery in 2024: Insights from Everest Group’s Forces & Foresight™ Research

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The Wealth Management Technology Provider Landscape

Wealth Management at and Inflection Point - From Persona- to Person-based Personalization
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Wealth Management at and Inflection Point – From Persona- to Person-based Personalization

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

Big Ticket Deals Fail to Cheer IT Investors | In the News

Large deals announced by Indian IT services providers and even their global peers have failed to enthuse investors’ faith in any near-term recovery of technology spend.

“There will be several large deals announced (in the third quarter), but these will be heavily discounted as there continues to be a growing gap between book-to-bill or bookings and revenue. The street has lost confidence in the book-to-bill ratio as a predictor of revenue growth, and the large deals contribute to this controversy,” said Peter Bendor Samuel, CEO of Everest Group.

Read more in Bizz Buzz.

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