|By Business Wire||
|May 29, 2014 04:03 PM EDT||
Splunk Inc. (NASDAQ:SPLK), provider of the leading software platform for real-time Operational Intelligence, today announced results for its fiscal first quarter ended April 30, 2014.
First Quarter 2015 Financial Highlights
- Total revenues were $85.9 million, up 50% year-over-year.
- License revenues were $51.3 million, up 42% year-over-year.
- GAAP operating loss was $50.1 million; GAAP operating margin was negative 58.3%.
- Non-GAAP operating loss was $3.6 million; non-GAAP operating margin was negative 4.2%.
- GAAP loss per share was $0.43; non-GAAP loss per share was $0.04.
- Operating cash flow was $18.9 million with free cash flow of $14.7 million.
“We thank our customers for their enthusiastic support of our expanding product line,” said Godfrey Sullivan, Chairman and CEO. “We are accelerating our investments in core technologies, cloud services and market specific solutions to better serve our global customers.”
First Quarter 2015 and Recent Business Highlights
- Signed more than 400 new customers, ending the quarter with more than 7,400 customers worldwide.
- New and Expansion Customers Include: 99bill.com (China), Betfair (Australia), California Institute of Technology (Caltech), Chang Gung University (Taiwan), Constant Contact, Creative Artists Agency (CAA), Github, Hospital Corporation of America (HCA), Idaho State University, IDEXX Laboratories, LATAM Airlines Group (Chile), Living Social, Mentor Graphics, MindTouch, Ministry of Education (Taiwan), Ministry of Science and Technology (Brazil), Net Entertainment (Sweden), Net One Systems (Japan), Nexon (Korea), New York State Unified Courts, Norsk Tipping AS (Norway), Overstock.com, Survey Monkey, Taishin Securities (Taiwan), Telecom New Zealand, U.S. Department of Energy, U.S. Department of Health and Human Services, WEG Industries (Brazil), William Hill Australia.
- Announced the general availability (GA) of Splunk Enterprise 6.1, the latest version of the company’s award-winning platform for machine data, available as software or as a cloud service. Splunk Enterprise 6.1 delivers enhanced interactive analytics, continuous availability of mission-critical machine data and extends operational intelligence to every user in the organization.
- Released the GA version of Hunk 6.1, making it even faster and easier to get business insights from raw, unstructured data in Hadoop and NoSQL data stores.
- Announced version 3.1 of the Splunk App for VMware, providing comprehensive operational visibility into virtualized environments. This release delivers significant new features, including 200 out-of-the-box reports, the ability to instantly identify outliers for real-time triage and built-in correlation into storage systems including a direct drill down into data from NetApp Data ONTAP.
- Released version 3.0 of the Splunk App for Microsoft Exchange. This latest version, combined with Splunk Enterprise, provides real-time visibility into the health of the Microsoft Exchange environment, including message delivery components and the supporting IT infrastructure.
- Doubled license capacity for entry-level customers to help them get even more business insights from their machine data.
- Attained 2014 ONC-HIT Certification for Splunk Enterprise, enabling healthcare providers to use Splunk Enterprise for EHR and HIPAA audit reporting.
- Announced a strategic technology alliance with Tableau to leverage the power of advanced visual analytics and real-time machine data. As part of a joint technology investment, the latest version of Tableau software includes Splunk Enterprise as a native data source using Splunk’s recently launched ODBC driver.
- Appointed Doug Merritt, Senior Vice President, Field Operations.
- Appointed Haiyan Song, Vice President, Security Markets.
- Splunk Enterprise 6 won Best Cloud Management Award at the UK Cloud Awards.
- Splunk Enterprise named Best Enterprise Security Solution of 2014 by SC Magazine.
- Splunk was named one of the Best Places to Work in the Bay Area by the San Francisco Business Times and the Silicon Valley Business Journal.
- Splunk was named to the CRN 2014 Big Data 100 in the category of “Big Data Business Analytics.”
The company is providing the following guidance for its fiscal second quarter 2015 (ending July 31, 2014):
- Total revenues are expected to be between $92 million and $94 million.
- Non-GAAP operating margin is expected to be between negative 2% and negative 4%.
The company is updating its previous guidance for its fiscal year 2015 (ending January 31, 2015):
- Total revenues are expected to be between $402 million and $410 million (was $400 million per prior guidance provided on February 27, 2014).
- Non-GAAP operating margin is expected to be approximately zero (unchanged from prior guidance provided on February 27, 2014).
All forward-looking non-GAAP financial measures contained in this section “Financial Outlook” exclude estimates for stock-based compensation expenses, employer payroll tax expense related to employee stock plans and amortization of acquired intangible assets.
While a reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis, the company has provided a reconciliation of GAAP to non-GAAP financial measures in the financial statement tables for its fiscal first quarter 2015 and non-GAAP results included in this press release.
Conference Call and Webcast
Splunk’s executive management team will host a conference call today beginning at 1:30 p.m. PT (4:30 p.m. ET) to discuss the company’s financial results and business highlights. Interested parties may access the call by dialing (866) 501-1535. International parties may access the call by dialing (216) 672-5582. A live audio webcast of the conference call will be available through Splunk’s Investor Relations website at http://investors.splunk.com/events.cfm. A replay of the call will be available through June 5, 2014 by dialing (855) 859-2056 and referencing Conference ID# 33927344.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding Splunk’s revenue and non-GAAP operating margin targets for the company’s fiscal second quarter 2015 in the paragraphs under “Financial Outlook” above and other statements regarding momentum in the company’s business, increasing customer adoption, expected success from product investments and innovations, expected benefits from new product offerings and growth in the number of new customers. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: Splunk’s limited operating history and experience developing and introducing new products; risks associated with Splunk’s rapid growth, particularly outside of the U.S.; Splunk’s inability to realize value from its significant investments in its business, including product innovations; Splunk’s transition to a multi-product software and services business; Splunk’s inability to successfully integrate acquired businesses and technologies; and general market, political, economic and business conditions.
Additional information on potential factors that could affect Splunk’s financial results is included in the company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2014, which is on file with the U.S. Securities and Exchange Commission. Splunk does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
About Splunk Inc.
Splunk Inc. (NASDAQ:SPLK) provides the leading software platform for real-time Operational Intelligence. Splunk® software and cloud services enable organizations to search, monitor, analyze and visualize machine-generated big data coming from websites, applications, servers, networks, sensors and mobile devices. More than 7,400 enterprises, government agencies, universities and service providers in over 90 countries use Splunk software to deepen business and customer understanding, mitigate cybersecurity risk, prevent fraud, improve service performance and reduce cost. Splunk products include Splunk® Enterprise, Splunk Cloud™, Splunk Storm®, Hunk™ and premium Splunk Apps. To learn more, please visit http://www.splunk.com/company.
Splunk, Splunk>, Listen to Your Data, The Engine for Machine Data, Hunk, Splunk Cloud, Splunk Storm and SPL are trademarks and registered trademarks of Splunk Inc. in the United States and other countries. All other brand names, product names, or trademarks belong to their respective owners. © 2014 Splunk Inc. All rights reserved.
|CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS|
|(In thousands, except per share data)|
|Three Months Ended|
|April 30,||April 30,|
|Maintenance and services||34,633||21,035|
|Cost of revenues|
|Maintenance and services 1||14,109||6,612|
|Total cost of revenues 2,3||14,187||6,681|
|Research and development||29,742||14,464|
|Sales and marketing||71,078||41,313|
|General and administrative||21,003||10,446|
|Total operating expenses 2,3||121,823||66,223|
|Interest and other income (expense), net|
|Interest income, net||130||61|
|Other income (expense), net||(220||)||(94||)|
|Total interest and other income (expense), net||(90||)||(33||)|
|Loss before income taxes||(50,193||)||(15,730||)|
|Income tax provision||562||404|
|Basic and diluted net loss per share||$||(0.43||)||$||(0.16||)|
Weighted-average shares used in computing basic and diluted net loss per share
|1 Includes amortization of acquired intangible assets as follows:|
|Cost of revenues||$||687||$||-|
|Research and development||69||-|
|Sales and marketing||147||-|
|2 Includes stock-based compensation expense as follows:|
|Cost of revenues||$||3,806||$||705|
|Research and development||12,587||3,043|
|Sales and marketing||19,120||4,322|
|General and administrative||7,726||1,765|
|3 Includes employer payroll tax on employee stock plans as follows:|
|Cost of revenues||$||136||$||22|
|Research and development||807||142|
|Sales and marketing||880||278|
|General and administrative||565||138|
|CONDENSED CONSOLIDATED BALANCE SHEETS|
|April 30,||January 31,|
|Cash and cash equivalents||$||667,747||$||897,453|
|Investments, current portion||159,245||-|
|Accounts receivable, net||52,113||83,348|
|Prepaid expenses and other current assets||11,297||12,019|
|Total current assets||890,402||992,820|
|Property and equipment, net||18,003||15,505|
|Intangible assets, net||11,391||12,294|
|LIABILITIES AND STOCKHOLDERS' EQUITY|
|Accrued payroll and compensation||30,119||43,876|
|Accrued expenses and other liabilities||17,031||12,743|
|Deferred revenue, current portion||153,538||149,156|
|Total current liabilities||202,922||207,854|
|Deferred revenue, non-current||40,474||43,165|
|Other liabilities, non-current||4,463||4,404|
|Total non-current liabilities||44,937||47,569|
|Accumulated other comprehensive income||93||58|
|Additional paid-in capital||1,004,021||954,441|
|Total stockholders' equity||783,770||784,908|
|Total liabilities and stockholders' equity||$||1,031,629||$||1,040,331|
|CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS|
|Three Months Ended|
|April 30,||April 30,|
|Cash Flows From Operating Activities|
|Adjustments to reconcile net loss to net cash provided by operating activities:|
|Depreciation and amortization||2,651||1,425|
|Deferred income taxes||(285||)||(88||)|
|Excess tax benefits from employee stock plans||(479||)||(111||)|
|Changes in operating assets and liabilities|
|Accounts receivable, net||31,235||26,032|
|Prepaid expenses, other current and non-current assets||524||(210||)|
|Accrued payroll and compensation||(13,757||)||(6,932||)|
|Accrued expenses and other liabilities||4,461||2,491|
|Net cash provided by operating activities||18,911||19,851|
|Cash Flow From Investing Activities|
|Purchases of investments||(250,883||)||-|
|Purchases of property and equipment||(4,238||)||(1,263||)|
|Net cash used in investing activities||(255,121||)||(1,263||)|
|Cash Flow From Financing Activities|
|Issuance of common stock from exercise of stock options||5,836||6,607|
|Excess tax benefits from employee stock plans||479||111|
|Net cash provided by financing activities||6,315||6,718|
|Effect of exchange rate changes on cash and cash equivalents||189||7|
|Net increase (decrease) in cash and cash equivalents||(229,706||)||25,313|
|Cash and cash equivalents at beginning of period||897,453||305,939|
|Cash and cash equivalents at end of period||$||667,747||$||331,252|
Non-GAAP financial measures and reconciliations
To supplement Splunk’s consolidated financial statements, which are prepared and presented in accordance with generally accepted accounting principles in the United States (“GAAP”), Splunk provides investors with certain non-GAAP financial measures, including non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP net income (loss), non-GAAP operating margin and non-GAAP net income (loss) per share (collectively the “non-GAAP financial measures”). These non-GAAP financial measures exclude stock-based compensation expense, employer payroll tax expense related to employee stock plans and amortization of acquired intangible assets. In addition, non-GAAP financial measures include free cash flow, which represents cash from operations less purchases of property and equipment. The presentation of the non-GAAP financial measures is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. Splunk uses these non-GAAP financial measures for financial and operational decision-making purposes and as a means to evaluate period-to-period comparisons. Splunk believes that these non-GAAP financial measures provide useful information about Splunk’s operating results, enhance the overall understanding of past financial performance and future prospects and allow for greater transparency with respect to key metrics used by management in its financial and operational decision making. In addition, these non-GAAP financial measures facilitate comparisons to competitors’ operating results.
Splunk excludes stock-based compensation expense because it is non-cash in nature and excluding this expense provides meaningful supplemental information regarding Splunk’s operational performance. In particular, because of varying available valuation methodologies, subjective assumptions and the variety of award types that companies can use under FASB ASC Topic 718, Splunk believes that providing non-GAAP financial measures that exclude this expense allows investors the ability to make more meaningful comparisons between Splunk’s operating results and those of other companies. Splunk excludes employer payroll tax expense related to employee stock plans in order for investors to see the full effect that excluding that stock-based compensation expense had on Splunk’s operating results. These expenses are tied to the exercise or vesting of underlying equity awards and the price of Splunk’s common stock at the time of vesting or exercise, which may vary from period to period independent of the operating performance of Splunk’s business. Splunk excludes amortization of acquired intangible assets from its non-GAAP financial measures because they are considered by management to be outside of Splunk’s core operating results. Accordingly, Splunk believes that excluding these expenses provides investors and management with greater visibility to the underlying performance of its business operations, facilitates comparison of its results with other periods and may also facilitate comparison with the results of other companies in its industry. Splunk considers free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by the business that can be used for strategic opportunities, including investing in its business, making strategic acquisitions and strengthening its balance sheet.
There are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with GAAP, may be different from non-GAAP financial measures used by Splunk’s competitors and exclude expenses that may have a material impact upon Splunk’s reported financial results. Further, stock-based compensation expense has been and will continue to be for the foreseeable future a significant recurring expense in Splunk’s business and an important part of the compensation provided to Splunk’s employees. The non-GAAP financial measures are meant to supplement and be viewed in conjunction with, GAAP financial measures.
The following table reconciles Splunk’s non-GAAP results to Splunk’s GAAP results included in this press release.
|Reconciliation of GAAP to Non-GAAP Financial Measures|
|(In thousands, except per share data)|
|Three Months Ended|
|April 30,||April 30,|
Reconciliation of cash provided by operating activities to free cash flow:
|Net cash provided by operating activities||$||18,911||$||19,851|
|Less purchases of property and equipment||(4,238||)||(1,263||)|
|Free cash flow (Non-GAAP)||$||14,673||$||18,588|
|Net cash used in investing activities||$||(255,121||)||$||(1,263||)|
|Net cash provided by financing activities||$||6,315||$||6,718|
Gross margin reconciliation:
|GAAP gross margin||83.5||%||88.3||%|
|Stock-based compensation expense||4.4||1.2|
|Employer payroll tax on employee stock plans||0.2||-|
|Amortization of acquired intangible assets||0.8||-|
|Non-GAAP gross margin||88.9||%||89.5||%|
Operating loss reconciliation:
|GAAP operating loss||$||(50,103||)||$||(15,697||)|
|Stock-based compensation expense||43,239||9,835|
|Employer payroll tax on employee stock plans||2,388||580|
|Amortization of acquired intangible assets||903||-|
|Non-GAAP operating loss||$||(3,573||)||$||(5,282||)|
Operating margin reconciliation:
|GAAP operating margin||(58.3||)||%||(27.4||)||%|
|Stock-based compensation expense||50.3||17.2|
|Employer payroll tax on employee stock plans||2.7||1.0|
|Amortization of acquired intangible assets||1.1||-|
|Non-GAAP operating margin||(4.2||)||%||(9.2||)||%|
Net loss reconciliation:
|GAAP net loss||$||(50,755||)||$||(16,134||)|
|Stock-based compensation expense||43,239||9,835|
|Employer payroll tax on employee stock plans||2,388||580|
|Amortization of acquired intangible assets||903||-|
|Non-GAAP net loss||$||(4,225||)||$||(5,719||)|
Net loss per share reconciliation:
|GAAP basic and diluted net loss per share||$||(0.43||)||$||(0.16||)|
|Stock-based compensation expense||0.36||0.09|
|Employer payroll tax on employee stock plans||0.02||0.01|
|Amortization of acquired intangible assets||0.01||-|
|Non-GAAP basic and diluted net loss per share||$||(0.04||)||$||(0.06||)|
Weighted-average shares used in computing Non-GAAP basic and diluted net loss per share
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
Feb. 9, 2016 05:00 PM EST Reads: 149
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Feb. 9, 2016 04:00 PM EST Reads: 222
SYS-CON Events announced today that VAI, a leading ERP software provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. VAI (Vormittag Associates, Inc.) is a leading independent mid-market ERP software developer renowned for its flexible solutions and ability to automate critical business functions for the distribution, manufacturing, specialty retail and service sectors. An IBM Premier Business Part...
Feb. 9, 2016 04:00 PM EST Reads: 589
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
Feb. 9, 2016 03:15 PM EST
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
Feb. 9, 2016 03:00 PM EST Reads: 182
As enterprises work to take advantage of Big Data technologies, they frequently become distracted by product-level decisions. In most new Big Data builds this approach is completely counter-productive: it presupposes tools that may not be a fit for development teams, forces IT to take on the burden of evaluating and maintaining unfamiliar technology, and represents a major up-front expense. In his session at @BigDataExpo at @ThingsExpo, Andrew Warfield, CTO and Co-Founder of Coho Data, will dis...
Feb. 9, 2016 03:00 PM EST Reads: 164
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies adopt disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevO...
Feb. 9, 2016 02:45 PM EST Reads: 189
SYS-CON Events announced today that iDevices®, the preeminent brand in the connected home industry, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. iDevices, the preeminent brand in the connected home industry, has a growing line of HomeKit-enabled products available at the largest retailers worldwide. Through the “Designed with iDevices” co-development program and its custom-built IoT Cloud Infrastruc...
Feb. 9, 2016 02:45 PM EST
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
Feb. 9, 2016 02:15 PM EST Reads: 390
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 ad...
Feb. 9, 2016 01:15 PM EST Reads: 368
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
Feb. 9, 2016 11:30 AM EST Reads: 401
Eighty percent of a data scientist’s time is spent gathering and cleaning up data, and 80% of all data is unstructured and almost never analyzed. Cognitive computing, in combination with Big Data, is changing the equation by creating data reservoirs and using natural language processing to enable analysis of unstructured data sources. This is impacting every aspect of the analytics profession from how data is mined (and by whom) to how it is delivered. This is not some futuristic vision: it's ha...
Feb. 9, 2016 08:45 AM EST Reads: 428
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
Feb. 9, 2016 08:00 AM EST Reads: 364
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment. In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
Feb. 9, 2016 07:45 AM EST
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, will provide an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profes...
Feb. 9, 2016 06:45 AM EST Reads: 178
Silver Spring Networks, Inc. (NYSE: SSNI) extended its Internet of Things technology platform with performance enhancements to Gen5 – its fifth generation critical infrastructure networking platform. Already delivering nearly 23 million devices on five continents as one of the leading networking providers in the market, Silver Spring announced it is doubling the maximum speed of its Gen5 network to up to 2.4 Mbps, increasing computational performance by 10x, supporting simultaneous mesh communic...
Feb. 8, 2016 05:00 PM EST
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry's single source for the cloud. Fusion's advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including clou...
Feb. 6, 2016 03:30 PM EST Reads: 746
Most people haven’t heard the word, “gamification,” even though they probably, and perhaps unwittingly, participate in it every day. Gamification is “the process of adding games or game-like elements to something (as a task) so as to encourage participation.” Further, gamification is about bringing game mechanics – rules, constructs, processes, and methods – into the real world in an effort to engage people. In his session at @ThingsExpo, Robert Endo, owner and engagement manager of Intrepid D...
Feb. 5, 2016 09:00 PM EST Reads: 806
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Feb. 2, 2016 04:30 AM EST Reads: 872
Learn how IoT, cloud, social networks and last but not least, humans, can be integrated into a seamless integration of cooperative organisms both cybernetic and biological. This has been enabled by recent advances in IoT device capabilities, messaging frameworks, presence and collaboration services, where devices can share information and make independent and human assisted decisions based upon social status from other entities. In his session at @ThingsExpo, Michael Heydt, founder of Seamless...
Feb. 1, 2016 05:00 AM EST Reads: 959