|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
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover how hardware commoditization, the ubiquitous nature of connectivity, and the emergence of Big Data a...
Dec. 21, 2014 02:00 PM EST Reads: 2,359
"BSQUARE is in the business of selling software solutions for smart connected devices. It's obvious that IoT has moved from being a technology to being a fundamental part of business, and in the last 18 months people have said let's figure out how to do it and let's put some focus on it, " explained Dave Wagstaff, VP & Chief Architect, at BSQUARE Corporation, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 21, 2014 01:00 PM EST Reads: 1,987
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com), moderated by Ashar Baig, Research Director, Cloud, at Gigaom Research, Nate Gordon, Director of T...
Dec. 21, 2014 11:30 AM EST Reads: 2,417
SYS-CON Events announced today that IDenticard will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. IDenticard™ is the security division of Brady Corp (NYSE: BRC), a $1.5 billion manufacturer of identification products. We have small-company values with the strength and stability of a major corporation. IDenticard offers local sales, support and service to our customers across the United States and Canada. Our partner network encompasses some 300 of the world's leading systems integrators and security s...
Dec. 21, 2014 10:00 AM EST Reads: 2,151
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, phone and digital TV services to consumers primarily in rural areas.
Dec. 21, 2014 08:30 AM EST Reads: 2,277
ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ -- IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's platform-as-a-service. The new platform enables developers to build ap...
Dec. 21, 2014 06:15 AM EST Reads: 2,117
The BPM world is going through some evolution or changes where traditional business process management solutions really have nowhere to go in terms of development of the road map. In this demo at 15th Cloud Expo, Kyle Hansen, Director of Professional Services at AgilePoint, shows AgilePoint’s unique approach to dealing with this market circumstance by developing a rapid application composition or development framework.
Dec. 20, 2014 11:00 PM EST Reads: 1,354
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 20, 2014 08:00 AM EST Reads: 1,367
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential.
Dec. 18, 2014 09:45 PM EST Reads: 1,232
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 18, 2014 09:00 AM EST Reads: 1,375
Nigeria has the largest economy in Africa, at more than US$500 billion, and ranks 23rd in the world. A recent re-evaluation of Nigeria's true economic size doubled the previous estimate, and brought it well ahead of South Africa, which is a member (unlike Nigeria) of the G20 club for political as well as economic reasons. Nigeria's economy can be said to be quite diverse from one point of view, but heavily dependent on oil and gas at the same time. Oil and natural gas account for about 15% of Nigera's overall economy, but traditionally represent more than 90% of the country's exports and as...
Dec. 18, 2014 06:00 AM EST Reads: 919
The Internet of Things is a misnomer. That implies that everything is on the Internet, and that simply should not be - especially for things that are blurring the line between medical devices that stimulate like a pacemaker and quantified self-sensors like a pedometer or pulse tracker. The mesh of things that we manage must be segmented into zones of trust for sensing data, transmitting data, receiving command and control administrative changes, and peer-to-peer mesh messaging. In his session at @ThingsExpo, Ryan Bagnulo, Solution Architect / Software Engineer at SOA Software, focused on desi...
Dec. 17, 2014 11:15 PM EST Reads: 1,413
"At our booth we are showing how to provide trust in the Internet of Things. Trust is where everything starts to become secure and trustworthy. Now with the scaling of the Internet of Things it becomes an interesting question – I've heard numbers from 200 billion devices next year up to a trillion in the next 10 to 15 years," explained Johannes Lintzen, Vice President of Sales at Utimaco, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 17, 2014 11:00 PM EST Reads: 1,456
"For over 25 years we have been working with a lot of enterprise customers and we have seen how companies create applications. And now that we have moved to cloud computing, mobile, social and the Internet of Things, we see that the market needs a new way of creating applications," stated Jesse Shiah, CEO, President and Co-Founder of AgilePoint Inc., in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 17, 2014 08:00 PM EST Reads: 1,451
SYS-CON Events announced today that Gridstore™, the leader in hyper-converged infrastructure purpose-built to optimize Microsoft workloads, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Gridstore™ is the leader in hyper-converged infrastructure purpose-built for Microsoft workloads and designed to accelerate applications in virtualized environments. Gridstore’s hyper-converged infrastructure is the industry’s first all flash version of HyperConverged Appliances that include both compute and storag...
Dec. 17, 2014 06:30 PM EST Reads: 1,384
Today’s enterprise is being driven by disruptive competitive and human capital requirements to provide enterprise application access through not only desktops, but also mobile devices. To retrofit existing programs across all these devices using traditional programming methods is very costly and time consuming – often prohibitively so. In his session at @ThingsExpo, Jesse Shiah, CEO, President, and Co-Founder of AgilePoint Inc., discussed how you can create applications that run on all mobile devices as well as laptops and desktops using a visual drag-and-drop application – and eForms-buildi...
Dec. 17, 2014 11:45 AM EST Reads: 1,559
We certainly live in interesting technological times. And no more interesting than the current competing IoT standards for connectivity. Various standards bodies, approaches, and ecosystems are vying for mindshare and positioning for a competitive edge. It is clear that when the dust settles, we will have new protocols, evolved protocols, that will change the way we interact with devices and infrastructure. We will also have evolved web protocols, like HTTP/2, that will be changing the very core of our infrastructures. At the same time, we have old approaches made new again like micro-services...
Dec. 16, 2014 11:45 PM EST Reads: 1,401
Code Halos - aka "digital fingerprints" - are the key organizing principle to understand a) how dumb things become smart and b) how to monetize this dynamic. In his session at @ThingsExpo, Robert Brown, AVP, Center for the Future of Work at Cognizant Technology Solutions, outlined research, analysis and recommendations from his recently published book on this phenomena on the way leading edge organizations like GE and Disney are unlocking the Internet of Things opportunity and what steps your organization should be taking to position itself for the next platform of digital competition.
Dec. 15, 2014 11:45 PM EST Reads: 1,748
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Dec. 15, 2014 10:30 AM EST Reads: 6,921
As the Internet of Things unfolds, mobile and wearable devices are blurring the line between physical and digital, integrating ever more closely with our interests, our routines, our daily lives. Contextual computing and smart, sensor-equipped spaces bring the potential to walk through a world that recognizes us and responds accordingly. We become continuous transmitters and receivers of data. In his session at @ThingsExpo, Andrew Bolwell, Director of Innovation for HP's Printing and Personal Systems Group, discussed how key attributes of mobile technology – touch input, sensors, social, and ...
Dec. 15, 2014 10:00 AM EST Reads: 1,990