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Globe and Mail
16 hours ago
- Business
- Globe and Mail
The Smartest Growth Stock to Buy With $10 Right Now
Buying and holding onto solid companies with disruptive potential can be a winning, long-term strategy for investors. Their potential to grow at a faster pace than their peers sets the stage for impressive stock market gains. SoundHound AI (NASDAQ: SOUN) is one such company. Its artificial intelligence (AI) voice solutions are changing how clients handle food ordering, e-commerce, customer service, healthcare, and other functions. Each share of SoundHound is trading below $10 as of this writing, so if you have $10 to spare, here's why you should tap into this promising growth stock. SoundHound is winning market share in a fast-growing industry SoundHound offers multiple voice AI products, allowing customers to build custom solutions for their businesses. The company's AI agents can speak, think, and act autonomously while interacting with customers, whether it's in the drive-thru lane of a restaurant or on a company's customer service line. Importantly, SoundHound is not just winning over new customers but also gaining more business from existing ones. In its first-quarter report, management detailed new integrations of its voice AI solutions across multiple industries, and it also announced expanded partnerships with existing clients. What's more, the company's Autonomics AI operations platform was named a leader in its segment by technology research and advisory firm ISG Research. The strength of SoundHound's offerings explains why the company has been able to quickly expand its customer base. Best of all, the market in which SoundHound operates is still in its early stages. Venture capital firm Andreessen Horowitz estimates the voice AI market increased 25% last year to $5.4 billion. SoundHound's 2024 revenue growth of 85% is a clear sign the company is outpacing the market overall. And for 2025, Andreessen Horowitz is expecting a 61% spike in the voice AI market to $8.7 billion. Meanwhile, SoundHound is guiding for full-year revenue to double at the midpoint of its guidance range of $157 million to $177 million. The stock has terrific long-term growth potential Based on the above projections, SoundHound could end 2025 with a 2% market share, and the voice AI opportunity will continue to expand with one estimate calling for 32% compound annual growth through 2032, when it will be a $40 billion annual market. If SoundHound's market share jumps to 10% of that 2032 forecast, its annual revenue would reach $4 billion. This level of growth is likely in the ballpark of what investors expect for this AI stock, which explains its expensive valuation. SoundHound is trading at 35 times trailing revenue as of this writing. Following its recent slide, SoundHound can still be a solid pick for growth-hungry investors with a long-term mindset. However, anyone buying into the stock must be prepared to look past near-term volatility and give the company time to capitalize on its huge market opportunity. Should you invest $1,000 in SoundHound AI right now? Before you buy stock in SoundHound AI, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and SoundHound AI wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,538!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $869,841!* Now, it's worth noting Stock Advisor 's total average return is789% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 2, 2025
Yahoo
19-03-2025
- Business
- Yahoo
Asia Pacific Utilities Modernize Grids to Meet Rising Demand
AI, management software make infrastructure more intelligent as operators work to integrate renewables, bidirectional energy flows, ISG Research reports say SYDNEY, March 19, 2025--(BUSINESS WIRE)--The power and utilities industry in Asia Pacific is increasingly investing in AI and other digital technologies to address operating challenges arising from increased power consumption and renewable energy development, according to new research reports published today by Information Services Group (ISG) (Nasdaq: III), a global AI-centered technology research and advisory firm. Energy demand in Asia Pacific, which accounts for more than half of global electricity consumption, is surging due to industrialization and population growth, ISG says. Data centers, AI, cryptocurrency mining and rapidly growing EV sales are major drivers of demand, and the region is expected to invest more than $3 trillion in power generation over the next decade. In response, power companies are adopting digital solutions for the complex tasks of fortifying grids while integrating new renewable energy sources. "Utilities in Asia Pacific need to ensure energy security while accommodating a changing energy mix and the growing impacts of climate change," said Mark Smith, ISG partner and chief software analyst. "Innovative grid and asset management software offers tools to navigate these changes while improving efficiency and reliability, and service providers are helping utilities adapt to new requirements." To guide utilities through the selection of software and services, ISG has published the 2024 ISG Provider Lens™ Power & Utilities Industry — Services and Solutions report for Asia Pacific and two ISG Buyers Guides: Power and Utilities Grid Management and Power and Utilities Enterprise Asset Management. Together, the three reports assist companies in choosing both software solutions and providers of consulting, implementation, integration and management services. Asia Pacific electric utilities are modernizing transmission grids and increasing capacity to support renewable energy expansion and meet net-zero carbon targets, ISG says. This requires integrating new energy sources from remote areas, controlling voltage variability and managing flows to and from customers that generate their own power. Advanced grid planning to minimize energy losses and stabilize peak demand is a crucial part of this transition. AI is at the core of many energy advancements in Asia Pacific, the ISG Provider Lens report says. Utilities are using AI-enabled forecasting tools to optimize the output of wind and solar farms. AI is also improving energy management by analyzing consumption patterns to optimize grid operations. Meanwhile, AI-powered building systems, such as smart lighting, enhance customers' energy efficiency. Facing growing cybersecurity threats against networks, data and applications, utilities and governments in the region are building up digital defenses, ISG says. For example, Australia's national government has given owners and operators of critical infrastructure new cybersecurity responsibilities, and India has proposed steps such as mandatory cybersecurity audits to ensure the resilience and reliability of that country's power supply. "Asia Pacific's energy evolution comes with new security risks," said Michael Gale, partner and regional leader, ISG Asia Pacific. "Vendors continually strengthen the security of software platforms, and service providers are helping utilities mount critical regional defenses." For more insights into the challenges facing power and utilities companies in Asia Pacific, plus ISG's advice on addressing those challenges, see the ISG Provider Lens™ Focal Points briefing here. The ISG Buyers Guide™ for Power and Utilities Grid Management evaluates 12 software providers and names GE Vernova, Schneider Electric and Siemens as Overall Leaders. The ISG Buyers Guide™ for Power and Utilities Enterprise Asset Management evaluates 12 software providers and names SAP, IBM and Hitachi Energy as Overall Leaders. The ISG Provider Lens™ Power & Utilities Industry — Services and Solutions report for Asia Pacific evaluates the capabilities of 29 service providers across five quadrants: Intelligent Business Process Management Services (iBPMS), Next-Gen IT Services, Grid Modernization, Enterprise Asset Management (EAM) and Customer Information Systems (CIS) and Customer Experience (CX). The report names Accenture, IBM Consulting, Infosys, TCS and Wipro as Leaders in all five quadrants. It names Capgemini and HCLTech as Leaders in three quadrants each and Hitachi Digital Services and Tech Mahindra as Leaders in two quadrants each. Acquire BPO, Fujitsu and ProbeCX are named as Leaders in one quadrant each. In addition, Capgemini, Cyient, LTIMindtree, ProbeCX, Tech Mahindra and WNS are named as Rising Stars — companies with a "promising portfolio" and "high future potential" by ISG's definition — in one quadrant each. Visit this webpage to learn more about the ISG Power and Utilities Buyers Guides and to read the executive summaries of the two reports. The complete reports, including provider rankings across seven product and customer experience dimensions and detailed research findings on each provider, are available by contacting ISG Software Research. The 2024 ISG Provider Lens™ Power & Utilities Industry — Services and Solutions report for Asia Pacific is available to subscribers or for one-time purchase on this webpage. About ISG Software Research ISG Software Research, previously Ventana Research, provides authoritative market research and coverage of the business and IT software industry. It distributes research and insights daily through its user community, and provides a portfolio of consulting, advisory, research and education services for enterprises, software and service providers, and investment firms. Its on-demand service provides structured education and advisory support through subject-matter experts. ISG Buyers Guides support the RFI/RFP process and help enterprises evaluate and select software providers through tailored assessment services and the ISG Software Research Value Index methodology. Visit for more information and to sign up for free community membership. About ISG Provider Lens™ Research The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Mexico, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage. About ISG ISG (Nasdaq: III) is a global AI-centered technology research and advisory firm. A trusted partner to more than 900 clients, including 75 of the world's top 100 enterprises, ISG is a long-time leader in technology and business services that is now at the forefront of leveraging AI to help organizations achieve operational excellence and faster growth. The firm, founded in 2006, is known for its proprietary market data, in-depth knowledge of provider ecosystems, and the expertise of its 1,600 professionals worldwide working together to help clients maximize the value of their technology investments. View source version on Contacts Press Contacts: Will Thoretz, ISG+1 203 517 Julianna Sheridan, Matter Communications for ISG+1 978-518-4520isg@ Sign in to access your portfolio
Yahoo
29-01-2025
- Business
- Yahoo
Enterprises in Europe Leveraging Cognitive AI for Data Insights, ISG Study Finds
Service providers play a pivotal role in data-to-insight transformation, ISG Provider Lens™ reports say LONDON, January 29, 2025--(BUSINESS WIRE)--Enterprises in Europe are adopting cognitive AI principles to revolutionize operations and planning and foster a culture of AI-enabled decision-making, say new research reports published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm. The 2024 ISG Provider Lens™ Advanced Analytics and AI Services reports for Europe say industry-specific challenges, supply chain disruptions, macroeconomic uncertainties and stringent sustainability practices are driving enterprises to utilize deep forecasting and economic modeling techniques to proactively forecast, assess and mitigate risks. More organizations are addressing these struggles with an AI-first approach centered around data as a strategic asset. "Enterprises are increasingly relying on data in decision-making, augmenting the power of cognitive AI and cloud computing," said Diwahar Jawahar, principal consultant, Cognitive & Analytics advisory practice, EMEA, ISG Research. "By treating data as a strategic asset, they can reimagine their operations, strategy, innovation and CX and provide new avenues of growth." The analytics services market plays a pivotal role in modern business strategy, empowering enterprises with data-driven decision-making, operational efficiency and competitive advantages, the report says. The relevance of analytics and AI services continued to grow throughout the past year, fueled by the steady advancement of technologies such as generative AI (GenAI). Providers in this space are innovating frameworks, accelerators, simulations and customizable AI solutions for automating the generation of AI insights, ISG Research says. These providers emphasize intensive development of machine learning models, making AI more integrated and efficient within business workflows. Enterprises are now increasingly aware of risks related to AI ethics, compliance and governance, ISG says. An emerging group of specialist providers, dedicated to delivering highly compliant, responsible AI solutions, are emphasizing ML model governance, swiftly scaling customer engagements from proofs-of-concept to production in minimal time. As a result, ISG researchers note the emergence of integrated knowledge graphs with GenAI and analytics tools, and an increase in the development of verticalized AI solutions, which together combine to solve unique operational challenges for enterprise customers. "Prudent governance is required to drive AI development in modern data ecosystems and revolutionize the systems and platforms used for business decision-making," said Jan Erik Aase, partner and global leader, ISG Provider Lens Research. "Service providers play a crucial role in helping their clients leverage applied AI solutions to transform data into actionable insights in real time, driving strategic growth and ROI." The reports also explore other trends, such as increased demand for customized, tailored user experiences. One way to deliver these experiences, the reports note, is with recommendation engines that suggest products, services and content to customers. For more insights into how service providers are enabling their customers to improve their decision-making through smarter analytics and AI initiatives, see the ISG Provider Lens™ Focal Points briefing here. For 2024, ISG Provider Lens™ has published two Advanced Analytics and AI Services reports for Europe: one examining Large and Midsize Providers, and a second that exclusively assesses Specialist Providers. The Large and Midsize Providers report evaluates the capabilities of 53 providers across six quadrants: Data Science and AI Services – Large, Data Science and AI Services – Midsize, Data Modernization Services – Large, Data Modernization Services – Midsize, Advanced BI and Reporting Modernization Services – Large and Advanced BI and Reporting Modernization Services – Midsize. The Large and Midsize report names Accenture, Capgemini, Cognizant, Deloitte, EXL, GFT, HARMAN, HCLTech, Infosys, Merkle, Mphasis, Orange Business, Persistent Systems, Reply, TCS, T-Systems, Virtusa and Wipro as Leaders in three quadrants each. Hexaware is named a Leader in two quadrants. In addition, Stefanini and Tech Mahindra are named as Rising Stars — companies with a "promising portfolio" and "high future potential" by ISG's definition — in two quadrants each. The 2024 ISG Provider Lens™ Advanced Analytics and AI Services – Specialist Providers report evaluates the capabilities of 25 specialist providers across three quadrants: Data Science and AI Services – Specialist, Data Modernization Services – Specialist and Advanced BI and Reporting Modernization Services – Specialist. The Specialist report names Alexander Thamm, Fractal Analytics, Lingaro, MathCo, Quantiphi, SDG Group, Tiger Analytics, Tredence, Version 1 and WNS Analytics as Leaders in all three quadrants. In addition, Ancoris is named a Rising Star in all three quadrants. In the area of customer experience, DXC Technology is named the global ISG CX Star Performer for 2024 among advanced analytics and AI service providers. DXC Technology earned the highest customer satisfaction scores in ISG's Voice of the Customer survey, part of the ISG Star of Excellence™ program, the premier quality recognition for the technology and business services industry. Customized versions of the report are available from HCLTech, Lingaro, Orange Business, T-Systems and WNS. The 2024 ISG Provider Lens™ Advanced Analytics and AI Services reports for Europe are available to subscribers or for one-time purchase on this webpage for the Specialist Providers report and the Large and Midsize Providers report. About ISG Provider Lens™ Research The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Mexico, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage. About ISG ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 900 clients, including more than 75 of the world's top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including AI, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,600 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry's most comprehensive marketplace data. For more information, visit View source version on Contacts Press: Will Thoretz, ISG+1 203 517 Philipp Jaensch, ISG+49 151 730 365 Sign in to access your portfolio
