SYS-CON MEDIA Authors: Carmen Gonzalez, Peter Silva, Kevin Jackson, Jessica Qiu, Dana Gardner

News Feed Item

Tyler Technologies Reports Earnings for Fourth Quarter and Fiscal 2012

Tyler Technologies, Inc. (NYSE: TYL) today announced financial results for the fourth quarter and year ended December 31, 2012.

Fourth Quarter Financial Highlights:

  • Total revenue was $95.4 million in the fourth quarter of 2012, up 16.2 percent, of which 10.9 percent was organic and 5.3 percent was acquisition related, from $82.1 million in the fourth quarter of 2011.
  • Recurring software revenue from maintenance and subscriptions was $58.3 million for the quarter, an increase of 21.7 percent compared to the fourth quarter of 2011, and comprised 61.1 percent of fourth quarter 2012 revenue.
  • Operating income for the quarter was $15.4 million, an increase of 7.7 percent from the fourth quarter of 2011.
  • Net income for the quarter was $9.4 million, or $0.28 per diluted share, compared to $8.7 million, or $0.27 per diluted share, for the fourth quarter of 2011.
  • Cash flow from operations for the quarter was $16.4 million, compared to $11.3 million for the fourth quarter of 2011.
  • Non-GAAP operating income for the quarter was $18.9 million, up 9.7 percent from $17.3 million for the fourth quarter of 2011.
  • Adjusted EBITDA for the quarter was $20.3 million, compared to $18.8 million for the fourth quarter of 2011.
  • Non-GAAP net income for the quarter was $11.8 million, or $0.35 per diluted share, compared to $10.8 million, or $0.34 per diluted share, for the fourth quarter of 2011.

Full Year Financial Highlights:

  • Total revenue for 2012 was $363.3 million, up 17.4 percent, of which 11.1 percent was organic and 6.3 percent was acquisition related, from $309.4 million in 2011.
  • Recurring software revenue from maintenance and subscriptions was $216.5 million for the year, an increase of 21.8 percent compared to 2011, and comprised 59.6 percent of 2012 revenue.
  • Operating income for the year was $56.6 million, an increase of 21.6 percent from 2011.
  • Net income for the year was $33.0 million, or $1.00 per diluted share, compared to $27.6 million, or $0.83 per diluted share, in 2011.
  • Cash flow from operations for the year was $58.7 million, compared to $56.4 million in 2011.
  • Non-GAAP operating income for the year was $70.2 million, up 22.6 percent from $57.2 million in 2011.
  • Adjusted EBITDA for the year was $76.1 million, compared to $62.9 million in 2011.
  • Non-GAAP net income for the year was $42.4 million, or $1.29 per diluted share, compared to $35.2 million, or $1.06 per diluted share, in 2011.
  • Total backlog reached a new high of $380.6 million at December 31, 2012, up 12.0 percent from $339.8 million at December 31, 2011. Software-related backlog (excluding appraisal services) was $350.6 million, an increase of 9.6 percent compared to $319.9 million at December 31, 2011.

“We achieved solid results for the fourth quarter. Quarterly revenues reached a new high, with double-digit organic growth complemented by recent acquisitions,” said John S. Marr Jr., Tyler’s president and chief executive officer. “Recurring revenues continued to drive our growth. Subscription revenue increased approximately 43 percent from last year’s fourth quarter, reflecting increased adoption of our SaaS model as well as greater transaction-based revenues from our electronic filing solution for courts. During the fourth quarter we signed subscription-based agreements with 29 new software clients.

“We enter the new year with a strong balance sheet, a record backlog level, and an excellent competitive position coupled with a market environment that appears to be continuing to gradually improve,” said Mr. Marr. “Our guidance reflects our expectation that current business trends will continue in 2013,” continued Mr. Marr.

“Our guidance also includes costs of significant investments in our business that we believe will enhance our market leadership and improve long-term revenue and margin growth. These investments include expenses associated with the implementation of new electronic filing contracts, including our TexFile contract to provide a statewide e-filing system for Texas courts. The Texas Supreme Court recently issued an order mandating e-filing in civil cases, with a phase-in beginning January 2014, that we expect will significantly increase our transaction volumes and revenues from that contract. In addition, we plan to accelerate hiring in 2013 to ensure that we are well-positioned to deliver our current backlog and anticipated new business.”

Guidance for 2013

As of February 6, 2013, Tyler Technologies is providing the following guidance for the full year 2013:

  • Tyler expects total revenues for 2013 to be in the range of $409 million to $418 million.
  • Tyler expects 2013 diluted earnings per share to be approximately $1.06 to $1.14.
  • Tyler expects 2013 non-GAAP diluted earnings per share to be approximately $1.42 to $1.50.
  • Tyler expects pretax non-cash, share-based compensation expense to be approximately $10.5 million.
  • Tyler expects that its effective tax rate for 2013 will be approximately 40.0 percent.
  • Tyler expects that capital expenditures for the year will be between $23.0 million and $24.0 million, including approximately $14.8 million related to real estate, and that total depreciation and amortization expense is expected to be between $14.2 million and $14.7 million, including approximately $6.5 million of amortization of acquisition intangibles.

Conference Call

Tyler Technologies will hold a conference call on Thursday, February 7, at 10:00 a.m. Eastern Time to discuss the Company’s results. To participate in the teleconference, please dial into the call a few minutes before the start time: 877-317-6789 (U.S. callers) and 412-317-6789 (international callers), and reference confirmation code 10021871 when prompted. A replay will be available two hours after the completion of the call through February 14, 2013. To access the replay, please dial 877-344-7529 (U.S. callers) and 412-317-0088 (international callers) and reference passcode 10021871. The live webcast and archived replay can also be accessed in the Investor section of Tyler’s website at www.tylertech.com.

About Tyler Technologies, Inc.

Tyler Technologies is a leading provider of end-to-end information management solutions and services for local governments. Tyler partners with clients to empower the public sector — cities, counties, schools and other government entities — to become more efficient, more accessible and more responsive to the needs of citizens. Tyler’s client base includes more than 11,000 local government offices in all 50 states, Canada, the Caribbean and the United Kingdom. Forbes has named Tyler one of “America’s Best Small Companies” five times in the last six years. More information about Dallas-based Tyler Technologies can be found at www.tylertech.com.

Non-GAAP Financial Measures

Tyler Technologies has provided in this press release financial measures that have not been prepared in accordance with generally accepted accounting principles (GAAP) and are therefore considered non-GAAP financial measures. This information includes non-GAAP operating income, non-GAAP net income, non-GAAP diluted earnings per share, non-GAAP gross margin, non-GAAP operating margin, EBITDA and adjusted EBITDA. We use these non-GAAP financial measures internally in analyzing our financial results and believe they are useful to investors, as a supplement to GAAP measures, in evaluating Tyler’s ongoing operational performance. Tyler believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing our financial results with other companies in our industry, many of which present similar non-GAAP financial measures. Non-GAAP financial measures discussed above exclude share-based compensation expense and expenses associated with amortization of intangibles arising from business combinations. We use these measures and believe they are useful to investors because they provide additional insight in comparing results from period to period.

Non-GAAP financial measures should be considered in addition to, and not as a substitute for, or superior to, financial information prepared in accordance with GAAP. The non-GAAP measures used by Tyler Technologies may be different from non-GAAP measures used by other companies. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measures, which has been provided in the financial statement tables included below in this press release.

Forward-looking Statements

This document contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are not historical in nature and typically address future or anticipated events, trends, expectations or beliefs with respect to our financial condition, results of operations or business. Forward-looking statements often contain words such as “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates,” “plans,” “intends,” “continues,” “may,” “will,” “should,” “projects,” “might,” “could” or other similar words or phrases. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. We believe there is a reasonable basis for our forward-looking statements, but they are inherently subject to risks and uncertainties and actual results could differ materially from the expectations and beliefs reflected in the forward-looking statements. We presently consider the following to be among the important factors that could cause actual results to differ materially from our expectations and beliefs: (1) changes in the budgets or regulatory environments of our customers, primarily local and state governments, that could negatively impact information technology spending; (2) our ability to protect client information from security breaches and provide uninterrupted operations of data centers; (3) material portions of our business require the Internet infrastructure to be further developed or adequately maintained; (4) our ability to achieve our financial forecasts due to various factors, including project delays by our customers, reductions in transaction size, fewer transactions, delays in delivery of new products or releases or a decline in our renewal rates for service agreements; (5) economic, political and market conditions, including the recent global economic and financial crisis, and the general tightening of access to debt or equity capital; (6) technological and market risks associated with the development of new products or services or of new versions of existing or acquired products or services; (7) our ability to successfully complete acquisitions and achieve growth or operational synergies through the integration of acquired businesses, while avoiding unanticipated costs and disruptions to existing operations; (8) competition in the industry in which we conduct business and the impact of competition on pricing, customer retention and pressure for new products or services; (9) the ability to attract and retain qualified personnel and dealing with the loss or retirement of key members of management or other key personnel; and (10) costs of compliance and any failure to comply with government and stock exchange regulations. A detailed discussion of these factors and other risks that affect our business are described in our filings with the Securities and Exchange Commission, including the detailed “Risk Factors” contained in our most recent annual report on Form 10-K. We expressly disclaim any obligation to publicly update or revise our forward-looking statements.

 
 
 
TYLER TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Amounts in thousands, except per share data)
(Unaudited)
       
 
 
Three Months Ended December 31, Twelve Months Ended December 31,
2012 2011 2012 2011
Revenues:
Software licenses $ 8,732 $ 9,833 $ 33,172 $ 32,594
Subscriptions 12,762 8,930 44,618 31,160
Software services 21,042 17,217 83,408 69,617
Maintenance 45,489 38,919 171,851 146,498
Appraisal services 5,496 5,283 22,543 23,228
Hardware and other   1,847   1,897   7,712   6,294
Total revenues 95,368 82,079 363,304 309,391
 
Cost of revenues:
Software licenses 475 714 1,983 3,034
Acquired software 518 343 1,888 1,125
Software services, maintenance and subscriptions 45,168 37,405 171,584 143,776
Appraisal services 3,619 3,248 14,889 14,550
Hardware and other   948   1,349   5,258   4,994
Total cost of revenues 50,728 43,059 195,602 167,479
 
Gross profit 44,640 39,020 167,702 141,912
 
Selling, general and administrative expenses 22,763 21,141 86,706 75,650
Research and development expense 5,365 2,634 20,140 16,414
Amortization of customer and trade name intangibles   1,093   923   4,279   3,331
Operating income 15,419 14,322 56,577 46,517
Other expense, net   384   818   2,709   2,404
Income before income taxes 15,035 13,504 53,868 44,113
Income tax provision   5,659   4,805   20,874   16,556
Net income $ 9,376 $ 8,699 $ 32,994 $ 27,557
 
 
 
Earnings per common share:
Basic $ 0.30 $ 0.29 $ 1.09 $ 0.88
Diluted $ 0.28 $ 0.27 $ 1.00 $ 0.83
 
 
Weighted average common shares outstanding:
Basic 30,779 29,823 30,327 31,267
Diluted 33,421 32,031 32,916 33,154
       
 
 
TYLER TECHNOLOGIES, INC.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(Amounts in thousands, except per share data)
(Unaudited)
 
Three Months Ended December 31, Twelve Months Ended December 31,
2012 2011 2012 2011
Reconciliation of non-GAAP gross profit and margin
GAAP gross profit $ 44,640 $ 39,020 $ 167,702 $ 141,912
Non-GAAP adjustments:
Add: Share-based compensation expense included in cost of revenues 293 222 1,084 871
Add: Amortization of acquired software   518     343     1,888     1,125  
Non-GAAP gross profit $ 45,451   $ 39,585   $ 170,674   $ 143,908  
 
Non-GAAP gross margin   47.7 %   48.2 %   47.0 %   46.5 %
 
 
Reconciliation of non-GAAP operating income and margin
GAAP operating income $ 15,419 $ 14,322 $ 56,577 $ 46,517
Non-GAAP adjustments:
Add: Share-based compensation expense 1,905 1,668 7,411 6,253
Add: Amortization of acquired software 518 343 1,888 1,125
Add: Amortization of customer and trade name intangibles   1,093     923     4,279     3,331  
Non-GAAP adjustments subtotal $ 3,516   $ 2,934   $ 13,578   $ 10,709  
Non-GAAP operating income $ 18,935   $ 17,256   $ 70,155   $ 57,226  
 
Non-GAAP operating margin   19.9 %   21.0 %   19.3 %   18.5 %
 
 
Reconciliation of non-GAAP net income and earnings per share
GAAP net income $ 9,376 $ 8,699 $ 32,994 $ 27,557
Non-GAAP adjustments:
Add: Total non-GAAP adjustments affecting operating income 3,516 2,934 13,578 10,709
Less: Tax impact related to non-GAAP adjustments   (1,101 )   (882 )   (4,198 )   (3,087 )
Non-GAAP net income $ 11,791   $ 10,751   $ 42,374   $ 35,179  
 
Non-GAAP earnings per diluted share $ 0.35   $ 0.34   $ 1.29   $ 1.06  
 
 
Detail of share-based compensation expense
Cost of software services, maintenance and subscriptions $ 293 $ 222 $ 1,084 $ 871
Selling, general and administrative expenses   1,612     1,446     6,327     5,382  
Total share-based compensation expense $ 1,905   $ 1,668   $ 7,411   $ 6,253  
 
 
Reconciliation of adjusted EBITDA
GAAP net income $ 9,376 $ 8,699 $ 32,994 $ 27,557
Amortization of customer and trade name intangibles 1,093 923 4,279 3,331
Depreciation and other amortization included in
cost of revenues, SG&A and other expenses 2,002 1,975 8,432 7,345
Interest expense included in other expense, net 310 707 2,064 1,892
Income tax provision   5,659     4,805     20,874     16,556  
EBITDA $ 18,440   $ 17,109   $ 68,643   $ 56,681  
Share-based compensation expense   1,905     1,668     7,411     6,253  
Adjusted EBITDA $ 20,345   $ 18,777   $ 76,054   $ 62,934  
 
 
 
TYLER TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands)
(Unaudited)
   
 
 
December 31, December 31,
2012 2011
ASSETS
 
Current assets:
Cash and cash equivalents $ 6,406 $ 1,326
Short-term investments available-for-sale - 25
Accounts receivable, net 100,327 90,012
Other current assets 10,480 10,634
Deferred income taxes   5,544   5,095
Total current assets 122,757 107,092
 
Accounts receivable, long-term portion 1,187 2,095
Property and equipment, net 45,381 40,915
Non-current investments available-for-sale 2,037 1,953
 
Other assets:
Goodwill and other intangibles, net 165,756 141,722
Other   1,197   1,614
 
Total assets $ 338,315 $ 295,391
 
 
LIABILITIES AND SHAREHOLDERS' EQUITY
 
Current liabilities:
Accounts payable and accrued liabilities $ 29,245 $ 27,962
Deferred revenue   140,550   123,678
Total current liabilities 169,795 151,640
 
Revolving line of credit 18,000 60,700
Deferred income taxes 5,221 4,941
Shareholders' equity   145,299   78,110
 
Total liabilities and shareholders' equity $ 338,315 $ 295,391
 
 
 
TYLER TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)
       
 
Three months ended December 31, Twelve months ended December 31,
2012 2011 2012 2011
Cash flows from operating activities:
Net income $ 9,376 $ 8,699 $ 32,994 $ 27,557
Adjustments to reconcile net income to net cash
provided by operations:
Depreciation and amortization 3,095 2,898 12,711 10,676
Share-based compensation expense 1,905 1,668 7,411 6,253
Provision for losses-accounts receivable 961 805 961 805
Excess tax benefit from exercise of share-based arrangements (5,481 ) (1,869 ) (8,764 ) (3,590 )
Deferred income taxes (215 ) (2,916 ) (215 ) (2,916 )
Changes in operating assets and liabilities, exclusive of
effects of acquired companies   6,773     2,045     13,570     17,650  
Net cash provided by operating activities   16,414     11,330     58,668     56,435  
 
Cash flows from investing activities:
Proceeds from sales of investments - - 75 50
Cost of acquisitions, net of cash acquired (10,451 ) (17,298 ) (25,680 ) (17,298 )
Additions to property and equipment (2,751 ) (2,352 ) (9,102 ) (12,278 )
(Increase) decrease in other   (70 )   518     (29 )   717  
Net cash used by investing activities   (13,272 )   (19,132 )   (34,736 )   (28,809 )
 
Cash flows from financing activities:
(Decrease) increase in net borrowings on revolving line of credit (10,000 ) 2,700 (42,700 ) 34,200
Purchase of treasury shares - (3,277 ) - (71,802 )
Contributions from employee stock purchase plan 809 573 2,641 2,045
Proceeds from exercise of stock options 6,871 1,983 12,443 3,553
Excess tax benefit from exercise of share-based arrangements   5,481     1,869     8,764     3,590  
Net cash provided (used) by financing activities   3,161     3,848     (18,852 )   (28,414 )
 
Net increase (decrease) in cash and cash equivalents 6,303 (3,954 ) 5,080 (788 )
Cash and cash equivalents at beginning of period   103     5,280     1,326     2,114  
 
Cash and cash equivalents at end of period $ 6,406   $ 1,326   $ 6,406   $ 1,326  

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
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.
Cultural, regulatory, environmental, political and economic (CREPE) conditions over the past decade are creating cross-industry solution spaces that require processes and technologies from both the Internet of Things (IoT), and Data Management and Analytics (DMA). These solution spaces are evolving into Sensor Analytics Ecosystems (SAE) that represent significant new opportunities for organizations of all types. Public Utilities throughout the world, providing electricity, natural gas and water, are pursuing SmartGrid initiatives that represent one of the more mature examples of SAE. We have s...
Disruptive macro trends in technology are impacting and dramatically changing the "art of the possible" relative to supply chain management practices through the innovative use of IoT, cloud, machine learning and Big Data to enable connected ecosystems of engagement. Enterprise informatics can now move beyond point solutions that merely monitor the past and implement integrated enterprise fabrics that enable end-to-end supply chain visibility to improve customer service delivery and optimize supplier management. Learn about enterprise architecture strategies for designing connected systems tha...
The Internet of Things (IoT) is going to require a new way of thinking and of developing software for speed, security and innovation. This requires IT leaders to balance business as usual while anticipating for the next market and technology trends. Cloud provides the right IT asset portfolio to help today’s IT leaders manage the old and prepare for the new. Today the cloud conversation is evolving from private and public to hybrid. This session will provide use cases and insights to reinforce the value of the network in helping organizations to maximize their company’s cloud experience.
IoT is still a vague buzzword for many people. In his session at Internet of @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, will discuss the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. The presentation will also discuss how IoT is perceived by investors and how venture capitalist access this space. Other topics to discuss are barriers to success, what is new, what is old, and what the future may hold.
Whether you're a startup or a 100 year old enterprise, the Internet of Things offers a variety of new capabilities for your business. IoT style solutions can help you get closer your customers, launch new product lines and take over an industry. Some companies are dipping their toes in, but many have already taken the plunge, all while dramatic new capabilities continue to emerge. In his session at Internet of @ThingsExpo, Reid Carlberg, Senior Director, Developer Evangelism at salesforce.com, to discuss real-world use cases, patterns and opportunities you can harness today.
All major researchers estimate there will be tens of billions devices – computers, smartphones, tablets, and sensors – connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be!
Noted IoT expert and researcher Joseph di Paolantonio (pictured below) has joined the @ThingsExpo faculty. Joseph, who describes himself as an “Independent Thinker” from DataArchon, will speak on the topic of “Smart Grids & Managing Big Utilities.” Over his career, Joseph di Paolantonio has worked in the energy, renewables, aerospace, telecommunications, and information technology industries. His expertise is in data analysis, system engineering, Bayesian statistics, data warehouses, business intelligence, data mining, predictive methods, and very large databases (VLDB). Prior to DataArcho...
Software AG helps organizations transform into Digital Enterprises, so they can differentiate from competitors and better engage customers, partners and employees. Using the Software AG Suite, companies can close the gap between business and IT to create digital systems of differentiation that drive front-line agility. We offer four on-ramps to the Digital Enterprise: alignment through collaborative process analysis; transformation through portfolio management; agility through process automation and integration; and visibility through intelligent business operations and big data.
There will be 50 billion Internet connected devices by 2020. Today, every manufacturer has a propriety protocol and an app. How do we securely integrate these "things" into our lives and businesses in a way that we can easily control and manage? Even better, how do we integrate these "things" so that they control and manage each other so our lives become more convenient or our businesses become more profitable and/or safe? We have heard that the best interface is no interface. In his session at Internet of @ThingsExpo, Chris Matthieu, Co-Founder & CTO at Octoblu, Inc., will discuss how thes...
Last week, while in San Francisco, I used the Uber app and service four times. All four experiences were great, although one of the drivers stopped for 30 seconds and then left as I was walking up to the car. He must have realized I was a blogger. None the less, the next car was just a minute away and I suffered no pain. In this article, my colleague, Ved Sen, Global Head, Advisory Services Social, Mobile and Sensors at Cognizant shares his experiences and insights.
We are reaching the end of the beginning with WebRTC and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will want to use their existing identities, but these will have credentials already that are (hopefully) ir...
Can call centers hang up the phones for good? Intuitive Solutions did. WebRTC enabled this contact center provider to eliminate antiquated telephony and desktop phone infrastructure with a pure web-based solution, allowing them to expand beyond brick-and-mortar confines to a home-based agent model. It also ensured scalability and better service for customers, including MUY! Companies, one of the country's largest franchise restaurant companies with 232 Pizza Hut locations. This is one example of WebRTC adoption today, but the potential is limitless when powered by IoT. Attendees will learn rea...
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at Internet of @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, will share some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, deploy, and manage applications integrating voice, video and data. He is the co-founder ...
The Internet of Things (IoT) promises to create new business models as significant as those that were inspired by the Internet and the smartphone 20 and 10 years ago. What business, social and practical implications will this phenomenon bring? That's the subject of "Monetizing the Internet of Things: Perspectives from the Front Lines," an e-book released today and available free of charge from Aria Systems, the leading innovator in recurring revenue management.
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges.
There’s Big Data, then there’s really Big Data from the Internet of Things. IoT is evolving to include many data possibilities like new types of event, log and network data. The volumes are enormous, generating tens of billions of logs per day, which raise data challenges. Early IoT deployments are relying heavily on both the cloud and managed service providers to navigate these challenges. In her session at 6th Big Data Expo®, Hannah Smalltree, Director at Treasure Data, to discuss how IoT, Big Data and deployments are processing massive data volumes from wearables, utilities and other mach...
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at Internet of @ThingsExpo, Erik Lagerway, Co-founder of Hookflash, will walk through the shifting landscape of traditional telephone and voice s...
While great strides have been made relative to the video aspects of remote collaboration, audio technology has basically stagnated. Typically all audio is mixed to a single monaural stream and emanates from a single point, such as a speakerphone or a speaker associated with a video monitor. This leads to confusion and lack of understanding among participants especially regarding who is actually speaking. Spatial teleconferencing introduces the concept of acoustic spatial separation between conference participants in three dimensional space. This has been shown to significantly improve comprehe...
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, will discuss single-value, geo-spatial, and log time series data. By focusing on enterprise applications and the data center, he will use OpenTSDB as an example...