|By Business Wire||
|May 30, 2013 04:02 PM EDT||
Splunk Inc. (NASDAQ: SPLK), the leading software platform for real-time operational intelligence, today announced results for its fiscal first quarter ended April 30, 2013.
- Total revenue was $57.2 million, up 54% year-over-year.
- License revenue was $36.2 million, up 48% year-over-year.
- GAAP operating loss was $15.7 million or negative 27.4% of revenues.
- Non-GAAP operating loss was $5.3 million or negative 9.2% of revenues.
- GAAP loss per share was $0.16; non-GAAP loss per share was $0.06.
- Operating cash flow was $19.9 million with free cash flow of $18.6 million.
“We are off to a strong start in the first quarter and I’m pleased with our new customer acquisition and financial performance,” said Godfrey Sullivan, Chairman and CEO. “Years of investment and product innovation have resulted in recognition that Splunk is disrupting the enterprise software space. In the security market, Splunk was recognized as a leader in the 2013 Gartner Security Information and Event Management (SIEM) Magic Quadrant and SC Magazine named Splunk Enterprise Best SIEM solution in North America and Best Enterprise Security Solution for Europe. In IT operations management, Gartner recognized Splunk as one of the fastest growing vendors in the category. And Fast Company named Splunk one of the world’s most innovative companies and ranked Splunk as the number one innovator in big data. We will continue to invest heavily in our data platform, content and SaaS offerings to deliver customer success.”
First Quarter 2014 and Recent Business Highlights
- Signed more than 350 new enterprise customers, ending the quarter with approximately 5,600 customers worldwide. Signed more than 70 new Splunk Storm® customers, ending the quarter with more than 200 Splunk Storm customers worldwide.
- New license customers include: Allconnect, Altstoff Recycling Austria AG, Arizona Department of Transportation, The Bank of New York Mellon Corporation, Baylor University, Department of Energy, Idaho State Tax Commission, Genesis Energy (ANZ), Kordia (ANZ), Level 3 Communications, Inc., Ministry of Presidential Affairs (UAE), Mission Australia, Mitsui Bussan Secure Directions, Inc. (APAC), NBNCo Limited (APAC), Nomura Securities CO LTD (APAC), Oregon State Lottery, The Qatar Computer Emergency Response Team (QCERT), Transaction Solutions (ANZ), VicTrack (APAC), Winn-Dixie.
- Expansion customers include: Arizona State University, Bank of New Zealand, Box, Inc., Blackrock Inc., Comcast Corporation, D. Swarovski & Co., Major League Baseball, Nanyang Technological University, NASA Johnson Space Center, Nordstrom, Novagalicia (NCG) Banco (Spain), Oregon Army National Guard, Orange France, Penn State Hershey Medical Center, Riverbed Technology, ServiceNow, State of Texas – Health and Human Services, University of California Irvine, U.S. Department of Health and Human Services, U.S. Army.
- Announced the general availability (GA) of version 2.4 of the Splunk App for Enterprise Security. Splunk® Enterprise and the Splunk App for Enterprise Security are a security intelligence platform that helps organizations discover unknown threats in real time with out-of-the-box content, including searches, dashboards and visualizations that enable rich statistical analysis of machine data.
- Announced the GA of the Splunk App for Palo Alto Networks 3.0 to enable users to leverage their machine-generated big data to analyze risk, improve security posture and compliance and address a number of additional operational and regulatory concerns.
- Released the GA version of Splunk DB Connect to deliver real-time integration between Splunk Enterprise and relational databases.
- Released version 5.0 of the Splunk App for Windows, which delivers enterprise-class monitoring for Microsoft® Windows Server.
- Released the latest version of the Splunk App for HadoopOps to improve the ability to collect Hadoop metrics.
- Released the Splunk App for NetApp ONTAP to enable users to gain visibility into the NetApp storage system with Splunk.
- Released a new Splunk App for Symantec allowing users of Splunk Enterprise and Symantec to better monitor, investigate and eliminate endpoint threats as reported by Symantec Endpoint Protection (SEP). This app contains real-time dashboards, panels and search fields to easily view and investigate SEP data.
- Released an update to the Splunk App for Blue Coat ProxySG which enables users of Splunk Enterprise and Blue Coat to better monitor, investigate and secure their Internet traffic as reported by Blue Coat ProxySG. This app contains real-time dashboards, panels and search fields to easily view and investigate ProxySG data.
- Splunk has been named a leader in the 2013 Gartner Magic Quadrant for SIEM. For the report, Gartner evaluated Splunk Enterprise and the Splunk App for Enterprise Security. Splunk Enterprise is used as a big data security intelligence platform by more than 2,000 organizations around the world.
- SC Magazine named Splunk Enterprise best SIEM solution in North America and Best Enterprise Security Solution for Europe.
- Fast Company named Splunk one of the World's Most Innovative Companies. Splunk is ranked fourth overall and also ranked the number one innovator in Big Data for “bringing big data to the masses.”
- Splunk was named to the CRN Big Data 100 in the Business Analytics category.
- Received the 2013 North American New Product Innovation Award for Big Data Security Intelligence Solutions from Frost and Sullivan.
- Named as one of the San Francisco Bay Area's “Best Places to Work” by The San Francisco Business Times and Silicon Valley / San Jose Business Journal for a sixth consecutive year.
- Named Patricia B. Morrison to the company's Board of Directors. Ms. Morrison has been Executive Vice President of Customer Care Shared Services and Chief Information Officer for Cardinal Health since 2009.
- Named Declan Morris as vice president of IT and cloud operations and Dejan Deklich as vice president of cloud engineering.
The company is providing the following guidance for its fiscal second quarter 2014 (ending July 31, 2013):
- Total revenue is expected to be between $61 million and $63 million.
- Non-GAAP operating margin is expected to be between negative 4% and negative 6%.
The company is updating its previous guidance for its fiscal year 2014 (ending January 31, 2014):
- Total revenue is expected to be between $266 million and $274 million (was previously expected to be between $260 million and $270 million as of Feb. 28, 2013).
- Non-GAAP operating margin is expected to be approximately zero (unchanged from Feb. 28, 2013).
All forward-looking non-GAAP financial measures contained in this section “Financial Outlook” exclude estimates for stock-based compensation expenses and employer payroll tax expense related to employee stock plans.
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 2014 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 6, 2013 by dialing (855) 859-2056 and referencing Conference ID# 57800854.
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 and fiscal year 2014 in the paragraphs under “Financial Outlook” above and other statements regarding momentum in the company’s business, growth in the number of new customers, existing customer usage, expansion of Splunk software use cases and product investments and developments. 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, particularly as a relatively new public company; risks associated with Splunk’s rapid growth, particularly outside of the U.S.; 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 year ended January 31, 2013, 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 engine for machine data™. Splunk® software collects, indexes and harnesses the machine-generated big data coming from the websites, applications, servers, networks, sensors and mobile devices that power business. Splunk software enables organizations to monitor, search, analyze, visualize and act on massive streams of real-time and historical machine data. 5,600 enterprises, universities, government agencies and service providers in over 90 countries use Splunk Enterprise to gain Operational Intelligence that deepens business and customer understanding, improves service and uptime, reduces cost and mitigates cyber-security risk. Splunk Storm™, a cloud-based subscription service, is used by organizations developing and running applications in the cloud.
To learn more, please visit www.splunk.com/company.
Splunk, Splunk Storm and the engine for machine data are registered trademarks or trademarks of Splunk Inc., and/or its subsidiaries and/or affiliates in the United States and/or other jurisdictions. All other brand names, product names or trademarks belong to their respective holders. Windows is a registered trademark of Microsoft Corporation in the United States and other countries. © 2013 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||21,035||12,805|
|Cost of revenues|
|Maintenance and services||6,612||4,136|
|Total cost of revenues 1, 2||6,681||4,265|
|Research and development 1, 2||14,464||8,103|
|Sales and marketing 1, 2||41,313||24,166|
|General and administrative 1, 2||10,446||6,846|
|Total operating expenses||66,223||39,115|
|Interest and other income (expense), net|
|Interest income (expense), net||61||(19||)|
|Other income (expense), net||(94||)||2|
|Change in fair value of preferred stock warrants||-||(14,087||)|
|Total interest and other income (expense), net||(33||)||(14,104||)|
|Loss before income taxes||(15,730||)||(20,293||)|
|Provision for income taxes||404||177|
|Basic and diluted net loss per share||$||(0.16||)||$||(0.71||)|
Weighted-average shares used in computing basic and diluted net loss per share
|1 Includes stock-based compensation expense as follows:|
|Cost of revenues||$||705||$||108|
|Research and development||3,043||895|
|Sales and marketing||4,322||858|
|General and administrative||1,765||811|
|2 Includes employer payroll tax on employee stock plans as follows:|
|Cost of revenues||$||22||$||-|
|Research and development||142||-|
|Sales and marketing||278||-|
|General and administrative||138||-|
|CONDENSED CONSOLIDATED BALANCE SHEETS|
|April 30,||January 31,|
|Cash and cash equivalents||$||331,252||$||305,939|
|Accounts receivable, net||37,916||63,948|
|Prepaid expenses and other current assets||7,191||6,861|
|Total current assets||376,359||376,748|
|Property and equipment, net||12,695||13,205|
|LIABILITIES AND STOCKHOLDERS' EQUITY|
|Accrued payroll and compensation||21,191||28,123|
|Accrued expenses and other liabilities||9,421||7,636|
|Deferred revenue, current portion||84,933||79,568|
|Total current liabilities||118,078||116,959|
|Deferred revenue, non-current||32,404||35,144|
|Other liabilities, non-current||1,055||798|
|Total non-current liabilities||33,459||35,942|
|Accumulated other comprehensive loss||(149||)||(135||)|
|Additional paid-in capital||344,856||328,277|
|Total stockholders' equity||237,977||237,544|
|Total liabilities and stockholders' equity||$||389,514||$||390,445|
|CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS|
|Three Months Ended|
|April 30,||April 30,|
|Cash Flows From Operating Activities|
|Adjustments to reconcile net loss to net cash provided by operating activities:|
|Depreciation and amortization||1,425||931|
|Change in fair value of preferred stock warrants||-||14,087|
|Excess tax benefits from employee stock plans||(111||)||-|
|Changes in operating assets and liabilities|
|Accounts receivable, net||26,032||11,015|
|Prepaid expenses, other current and non-current assets||(298||)||12|
|Accrued payroll and compensation||(6,932||)||(4,457||)|
|Accrued expenses and other liabilities||2,491||295|
|Net cash provided by operating activities||19,851||11,568|
|Cash Flow From Investing Activities|
|Purchases of property and equipment||(1,263||)||(1,877||)|
|Net cash used in investing activities||(1,263||)||(1,877||)|
|Cash Flow From Financing Activities|
|Repayments of term debt||-||(2,289||)|
|Proceeds from initial public offering, net of offering costs||-||226,512|
|Issuance of common stock from exercise of stock options||6,607||546|
|Excess tax benefits from employee stock plans||111||-|
|Net cash provided by financing activities||6,718||224,769|
|Effect of exchange rate changes on cash and cash equivalents||7||18|
|Net increase in cash and cash equivalents||25,313||234,478|
|Cash and cash equivalents at beginning of period||305,939||31,599|
|Cash and cash equivalents at end of period||$||331,252||$||266,077|
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 operating income (loss), non-GAAP net income (loss), non-GAAP operating margin and non-GAAP 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 the change in fair value of certain preferred stock warrants previously issued by Splunk. 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 and employer payroll tax expense related to employee stock plans from its non-GAAP operating income (loss), non-GAAP net income (loss), non-GAAP operating margin and non-GAAP income (loss) per share. Splunk excludes share-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 share-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 also excludes expense attributable to the change in fair value of certain preferred stock warrants from its non-GAAP financial measures because it is a non-recurring, non-cash expense. 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||$||19,851||$||11,568|
|Less purchases of property and equipment||(1,263||)||(1,877||)|
|Free cash flow (Non-GAAP)||$||18,588||$||9,691|
|Net cash used in investing activities||$||(1,263||)||$||(1,877||)|
|Net cash provided by financing activities||
Operating loss reconciliation:
|GAAP operating loss||$||(15,697||)||$||(6,189||)|
|Stock-based compensation expense||A||9,835||2,672|
|Employer payroll tax on employee stock plans||C||580||-|
|Non-GAAP operating loss||$||(5,282||)||$||(3,517||)|
Operating margin reconciliation:
|GAAP operating margin||(27.4||)||%||(16.6||)||%|
|Stock-based compensation expense||A||17.2||7.1|
|Employer payroll tax on employee stock plans||C||1.0||-|
|Non-GAAP operating margin||(9.2||)||%||(9.5||)||%|
Net loss reconciliation:
|GAAP net loss||$||(16,134||)||$||(20,470||)|
|Stock-based compensation expense||A||9,835||2,672|
|Change in fair value of preferred stock warrants||B||-||14,087|
|Employer payroll tax on employee stock plans||C||580||-|
|Non-GAAP net loss||$||(5,719||)||$||(3,711||)|
|Non-GAAP basic and diluted net loss per share||$||(0.06||)||$||(0.04||)|
Reconciliation of shares used in computing net loss per share:
|Weighted-average shares used in computing basic and diluted GAAP net loss per share||102,015||28,679|
|Conversion of convertible preferred stock upon initial public offering||-||52,502|
|Securities issued in connection with initial public offering||D||-||13,402|
|Shares used in computing non-GAAP basic and diluted net loss per share||102,015||94,583|
(A) To eliminate stock-based compensation expense.
(B) To eliminate warrant expense related to the change in the fair value of our outstanding preferred stock warrants. The final measurement of the warrants was recorded upon the closing of Splunk's initial public offering during the three months ended April 30, 2012.
(C) To eliminate employer payroll tax expense related to employee stock plans.
(D) This amount represents the shares issued in the initial public offering not included in the weighted-average shares used in computing basic and diluted GAAP net loss per share.
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
May. 4, 2016 05:00 PM EDT Reads: 1,302
A critical component of any IoT project is the back-end systems that capture data from remote IoT devices and structure it in a way to answer useful questions. Traditional data warehouse and analytical systems are mature technologies that can be used to handle large data sets, but they are not well suited to many IoT-scale products and the need for real-time insights. At Fuze, we have developed a backend platform as part of our mobility-oriented cloud service that uses Big Data-based approache...
May. 4, 2016 03:30 PM EDT Reads: 605
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
May. 4, 2016 03:00 PM EDT Reads: 1,161
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
May. 4, 2016 01:45 PM EDT Reads: 1,327
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services 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. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
May. 4, 2016 01:00 PM EDT Reads: 1,423
The demand for organizations to expand their infrastructure to multiple IT environments like the cloud, on-premise, mobile, bring your own device (BYOD) and the Internet of Things (IoT) continues to grow. As this hybrid infrastructure increases, the challenge to monitor the security of these systems increases in volume and complexity. In his session at 18th Cloud Expo, Stephen Coty, Chief Security Evangelist at Alert Logic, will show how properly configured and managed security architecture can...
May. 4, 2016 12:47 PM EDT Reads: 319
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
May. 4, 2016 12:45 PM EDT Reads: 1,256
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
May. 4, 2016 12:45 PM EDT Reads: 904
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
May. 4, 2016 12:45 PM EDT Reads: 595
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
May. 4, 2016 12:15 PM EDT Reads: 1,337
trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vice president of product management, IoT solutions at GlobalSign, will teach IoT developers how t...
May. 4, 2016 12:15 PM EDT Reads: 530
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
May. 4, 2016 11:15 AM EDT Reads: 1,237
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
May. 4, 2016 11:00 AM EDT Reads: 1,383
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
May. 4, 2016 10:00 AM EDT Reads: 1,517
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...
May. 4, 2016 08:15 AM EDT Reads: 1,007
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
May. 4, 2016 08:00 AM EDT Reads: 1,191
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, will explain how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
May. 4, 2016 08:00 AM EDT Reads: 1,268
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, will discuss how leveraging the Industrial Interne...
May. 4, 2016 04:45 AM EDT Reads: 1,361
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
May. 3, 2016 12:30 PM EDT Reads: 1,232
You deployed your app with the Bluemix PaaS and it's gaining some serious traction, so it's time to make some tweaks. Did you design your application in a way that it can scale in the cloud? Were you even thinking about the cloud when you built the app? If not, chances are your app is going to break. Check out this webcast to learn various techniques for designing applications that will scale successfully in Bluemix, for the confidence you need to take your apps to the next level and beyond.
May. 3, 2016 12:15 PM EDT Reads: 1,617