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Alliant Energy Announces Second Quarter 2014 Results

Reaffirms 2014 earnings guidance

MADISON, Wis., Aug. 6, 2014 /PRNewswire/ -- Alliant Energy Corporation (NYSE: LNT) today announced consolidated unaudited earnings per share (EPS) from continuing operations for the three and six months ended June 30 as follows:


Three Months

Six Months


2014


2013


2014


2013

Utilities and Corporate Services

$0.50


$0.52


$1.40


$1.13

Non-regulated and Parent

0.06


0.07


0.13


0.12

Alliant Energy Consolidated

$0.56


$0.59


$1.53


$1.25

 

Alliant Energy is the parent company of two public utility companies--Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL)--and of Alliant Energy Resources, Inc. (AER), the parent company of Alliant Energy's non-regulated operations.

"I am pleased with the consistent financial performance of our company," said Patricia Kampling, Alliant Energy Chairman, President and CEO.  "The positive weather impacts included in our year-to-date results will be largely offset by the mild weather experienced so far in the third quarter.  Therefore, we are forecasting that 2014 earnings are trending toward the mid-point of our current earnings guidance range."

Utilities and Corporate Services - Alliant Energy's Utilities and Alliant Energy Corporate Services, Inc. (Corporate Services) operations generated $0.50 per share of EPS from continuing operations in the second quarter of 2014, which was $0.02 per share lower than the second quarter of 2013.  The primary drivers of lower EPS in the second quarter of 2014 when compared to the second quarter of 2013 were electric customer billing credits at Interstate Power and Light Company (IPL), higher energy efficiency cost recovery amortizations at Wisconsin Power and Light Company (WPL), higher generation operation and maintenance expense and interest expense at IPL, and higher depreciation expense at both IPL and WPL.  These negative earnings drivers were partially offset by lower capacity charges related to the Duane Arnold Energy Center (DAEC) and Kewaunee Nuclear Power Plant (Kewaunee) purchased power agreements.

Non-regulated and Parent - Alliant Energy's non-regulated and parent operations generated $0.06 per share of EPS from continuing operations in the second quarter of 2014, which was $0.01 per share lower than the second quarter of 2013.

Details regarding EPS from continuing operations variances between the second quarters of 2014 and 2013 for Alliant Energy's operations are as follows:


Q2 2014


Q2 2013


Variance

Utilities and Corporate Services:








Lower capacity charges related to DAEC purchased power agreement

$—



($0.19)



$0.19

Retail electric customer billing credits at IPL

(0.11)





(0.11)

Lower capacity charges related to Kewaunee purchased power agreement



(0.09)



0.09

Higher energy efficiency cost recovery amortizations at WPL

(0.06)



(0.03)



(0.03)

Higher generation operation and maintenance expenses at IPL







(0.03)

Higher interest expense at IPL







(0.02)

Higher electric transmission service expense, net of recoveries at IPL and WPL







(0.02)

Higher depreciation expense at IPL and WPL







(0.02)

Earnings deferral for excess return on equity at WPL

(0.02)





(0.02)

Other







(0.05)

Total Utilities and Corporate Services







($0.02)

Non-regulated and Parent:








Other







($0.01)

Total Non-regulated and Parent







($0.01)

 

Retail electric customer billing credits at IPL - In March 2014, IPL filed with the Iowa Utilities Board (IUB) a settlement agreement and joint motion for approval to extend IPL's Iowa retail electric base rate freeze through 2016 and provide retail electric customer billing credits of $70 million in 2014.  IPL began crediting customer bills in May 2014.  IPL currently expects a decision from the IUB regarding the settlement agreement in the third quarter of 2014.

Earnings deferral for excess return on equity at WPL - In July 2012, WPL received an order from the Public Service Commission of Wisconsin (PSCW) authorizing WPL to maintain customer base rates for WPL's retail electric customers at current levels through 2014.  WPL is required to defer a portion of its earnings if its annual regulatory return on common equity exceeds 10.65% in any calendar year during the test period.  WPL must defer 50% of its excess earnings between 10.65% and 11.40% and 100% of any excess earnings above 11.40%.

2014 Earnings Guidance

Alliant Energy is reaffirming its 2014 earnings per share guidance as follows:

Utilities and Corporate Services

$3.20 - $3.40

Non-regulated and Parent

0.05 - 0.15

Alliant Energy Consolidated

$3.25 - $3.55

 

Drivers for Alliant Energy's 2014 earnings guidance include, but are not limited to:

  • Appropriate regulatory outcomes to allow IPL the ability to earn its authorized rate of return
  • Ability of WPL to continue to earn its authorized rate of return
  • Stable economy and resulting implications on utility sales
  • Normal weather and operating conditions for the remainder of the year in its utility service territories
  • Continuing cost controls and operational efficiencies
  • Execution of IPL's and WPL's capital expenditure plans
  • Consolidated effective tax rate of 16%

The 2014 earnings guidance does not include the impacts of any material non-cash valuation adjustments, regulatory-related charges or credits, reorganizations or restructurings, discontinued operations, future changes in laws or regulations, adjustments made to deferred tax assets and liabilities from valuation allowances and organizational structure changes, pending lawsuits and disputes, federal and state income tax audits and other Internal Revenue Service proceedings or changes in U.S. generally accepted accounting principles (GAAP) and tax methods of accounting that may impact the reported results of Alliant Energy.

Earnings Conference Call

A conference call to review the second quarter 2014 results is scheduled for Thursday, August 7th at 9:00 a.m. central time.  Alliant Energy Chairman, President and Chief Executive Officer Patricia Kampling and Senior Vice President and Chief Financial Officer Tom Hanson will host the call.  The conference call is open to the public and can be accessed in two ways.  Interested parties may listen to the call by dialing 888-221-9591 (United States or Canada) or 913-312-1434 (International), passcode 8244179.  Interested parties may also listen to a webcast at www.alliantenergy.com/investors.  In conjunction with the information in this earnings announcement and the conference call, Alliant Energy posted supplemental materials on its website.  A replay of the call will be available through August 14, 2014, at 888-203-1112 (United States or Canada) or 719-457-0820 (International), passcode 8244179.  An archive of the webcast will be available on the Company's Web site at www.alliantenergy.com/investors for 12 months.

Alliant Energy is the parent company of two public utility companies - Interstate Power and Light Company and Wisconsin Power and Light Company - and of Alliant Energy Resources, LLC, the parent company of Alliant Energy's non-regulated operations.  Alliant Energy is an energy-services provider with utility subsidiaries serving approximately 1 million electric and 418,000 natural gas customers.  Providing its customers in the Midwest with regulated electricity and natural gas service is the Company's primary focus.  Alliant Energy, headquartered in Madison, Wis., is a Fortune 1000 company traded on the New York Stock Exchange under the symbol LNT.  For more information, visit the Company's Web site at www.alliantenergy.com.

This press release includes forward-looking statements.  These forward-looking statements can be identified by words such as "forecast," "expect," "guidance," or other words of similar import.  Similarly, statements that describe future financial performance or plans or strategies are forward-looking statements.  Such forward looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements.  Actual results could be materially affected by the following factors, among others:

  • federal and state regulatory or governmental actions, including the impact of energy, tax, financial and health care legislation, and of regulatory agency orders;
  • IPL's and WPL's ability to obtain adequate and timely rate relief to allow for, among other things, the recovery of fuel costs, operating costs, transmission costs, deferred expenditures, capital expenditures, and remaining costs related to electric generating units (EGUs) that may be permanently closed, earning their authorized rates of return, and the payments to their parent of expected levels of dividends;
  • the ability to continue cost controls and operational efficiencies;
  • the impact of IPL's proposed retail electric base rate freeze in Iowa during 2014 through 2016;
  • the impact of WPL's retail electric and gas base rate freeze in Wisconsin during 2015 and 2016;
  • weather effects on results of utility operations, including impacts of temperature changes in IPL's and WPL's service territories on customers' demand for electricity and gas;
  • the impact of the economy in IPL's and WPL's service territories and the resulting impacts on sales volumes, margins and the ability to collect unpaid bills;
  • the impact of energy efficiency, franchise retention and customer-owned generation on sales volumes and margins;
  • developments that adversely impact Alliant Energy's, IPL's and WPL's ability to implement their strategic plan, including unanticipated issues with new emission controls equipment for various coal-fired EGUs of IPL and WPL, IPL's construction of its natural gas-fired EGU in Iowa, WPL's potential generation investment, Resources' selling price of the electricity output from its Franklin County wind project, the potential decommissioning of certain EGUs of IPL and WPL, and the proposed sales of IPL's electric and gas distribution assets in Minnesota;
  • issues related to the availability of EGUs and the supply and delivery of fuel and purchased electricity and the price thereof, including the ability to recover and to retain the recovery of purchased power, fuel and fuel-related costs through rates in a timely manner;
  • the impact that price changes may have on IPL's and WPL's customers' demand for utility services and their ability to pay their bills;
  • the impact of distributed generation, including alternative electric suppliers, in IPL's and WPL's service territories on system reliability, operating expenses and customers' demand for electricity;
  • issues associated with environmental remediation and environmental compliance, including compliance with the Consent Decree between WPL, the Sierra Club and the EPA, future changes in environmental laws and regulations, and litigation associated with environmental requirements;
  • the ability to defend against environmental claims brought by state and federal agencies, such as the EPA, or third parties, such as the Sierra Club, and the impact on operating expenses of defending and resolving such claims;
  • the ability to recover through rates all environmental compliance and remediation costs, including costs for projects put on hold due to uncertainty of future environmental laws and regulations;
  • impacts that storms or natural disasters in IPL's and WPL's service territories may have on their operations and recovery of, and rate relief for, costs associated with restoration activities;
  • the direct or indirect effects resulting from terrorist incidents, including physical attacks and cyber attacks, or responses to such incidents;
  • the impact of penalties or third-party claims related to, or in connection with, a failure to maintain the security of personally identifiable information, including associated costs to notify affected persons and to mitigate their information security concerns;
  • impacts of future tax benefits from deductions for repairs expenditures and allocation of mixed service costs and temporary differences from historical tax benefits from such deductions that are included in rates when the differences reverse in future periods;
  • any material post-closing adjustments related to any past asset divestitures, including the sale of RMT, which could result from, among other things, warranties, parental guarantees or litigation;
  • continued access to the capital markets on competitive terms and rates, and the actions of credit rating agencies;
  • inflation and interest rates;
  • changes to the creditworthiness of counterparties with which Alliant Energy, IPL and WPL have contractual arrangements, including participants in the energy markets and fuel suppliers and transporters;
  • issues related to electric transmission, including operating in regional transmission operator (RTO) energy and ancillary services markets, the impacts of potential future billing adjustments and cost allocation changes from RTOs and recovery of costs incurred;
  • unplanned outages, transmission constraints or operational issues impacting fossil or renewable EGUs and risks related to recovery of resulting incremental costs through rates;
  • current or future litigation, regulatory investigations, proceedings or inquiries;
  • Alliant Energy's ability to sustain its dividend payout ratio goal;
  • employee workforce factors, including changes in key executives, collective bargaining agreements and negotiations, work stoppages or restructurings;
  • access to technological developments;
  • material changes in retirement and benefit plan costs;
  • the impact of performance-based compensation plans accruals;
  • the effect of accounting pronouncements issued periodically by standard-setting bodies, including a new revenue recognition standard;
  • the impact of changes to production tax credits for wind projects;
  • the impact of adjustments made to deferred tax assets and liabilities from state apportionment assumptions;
  • the ability to utilize tax credits and net operating losses generated to date, and those that may be generated in the future, before they expire;
  • the ability to successfully complete tax audits, changes in tax accounting methods, including changes required by new tangible property regulations, and appeals with no material impact on earnings and cash flows; and
  • factors listed in the "2014 Earnings Guidance" sections of this press release.

For more information about potential factors that could affect Alliant Energy's business and financial results, refer to Alliant Energy's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC"), including the section therein titled "Risk Factors," and its other filings with the SEC.

Without limitation, the expectations with respect to 2014 earnings guidance in this press release are forward-looking statements and are based in part on certain assumptions made by Alliant Energy, some of which are referred to in the forward-looking statements.  Alliant Energy cannot provide any assurance that the assumptions referred to in the forward-looking statements or otherwise are accurate or will prove to be correct.  Any assumptions that are inaccurate or do not prove to be correct could have a material adverse effect on Alliant Energy's ability to achieve the estimates or other targets included in the forward-looking statements.  The forward-looking statements included herein are made as of the date hereof and, except as required by law, Alliant Energy undertakes no obligation to update publicly such statements to reflect subsequent events or circumstances.

Note: Unless otherwise noted, all "per share" references in this release refer to earnings per diluted share.

 




ALLIANT ENERGY CORPORATION

EARNINGS SUMMARY (Unaudited)


The following table provides a summary of Alliant Energy's results for the three and six months ended June 30, 2014:



Three Months


EPS


Income (Loss) (in millions)


2014


2013


2014


2013

IPL

$0.17


$0.20


$18.4


$22.2

WPL

0.31


0.31


34.6


34.4

Corporate Services

0.02


0.01


2.1


1.8

Subtotal for Utilities and Corporate Services

0.50


0.52


55.1


58.4

Non-regulated and Parent

0.06


0.07


7.0


7.5

Earnings from continuing operations

0.56


0.59


62.1


65.9

Loss from discontinued operations



(0.3)


(0.6)

Alliant Energy Consolidated

$0.56


$0.59


$61.8


$65.3




Six Months


EPS


Income (Loss) (in millions)


2014


2013


2014


2013

IPL

$0.56


$0.41


$61.8


$45.1

WPL

0.80


0.69


89.4


76.4

Corporate Services

0.04


0.03


4.1


3.3

Subtotal for Utilities and Corporate Services

1.40


1.13


155.3


124.8

Non-regulated and Parent

0.13


0.12


14.8


14.0

Earnings from continuing operations

1.53


1.25


170.1


138.8

Loss from discontinued operations


(0.03)


(0.3)


(3.6)

Alliant Energy Consolidated

$1.53


$1.22


$169.8


$135.2

 


ALLIANT ENERGY CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)



Three Months Ended June 30,


Six Months Ended June 30,


2014


2013


2014


2013


(in millions, except per share amounts)

Operating revenues:








Utility:








Electric

$643.9


$612.1


$1,319.7


$1,245.3

Gas

76.9


73.4


317.6


270.7

Other

15.6


17.8


38.4


35.0

Non-regulated

13.9


14.7


27.4


26.6


750.3


718.0


1,703.1


1,577.6

Operating expenses:








Utility:








Electric production fuel and energy purchases

214.1


158.0


428.0


337.1

Purchased electric capacity


52.0


24.8


109.0

Electric transmission service

105.5


99.6


219.6


203.3

Cost of gas sold

45.0


38.9


206.9


166.9

Other operation and maintenance

160.7


147.2


321.7


297.4

Non-regulated operation and maintenance

1.8


3.1


3.1


5.3

Depreciation and amortization

95.8


92.7


191.3


185.3

Taxes other than income taxes

24.1


23.3


50.2


49.4


647.0


614.8


1,445.6


1,353.7

Operating income

103.3


103.2


257.5


223.9

Interest expense and other:








Interest expense

45.1


42.5


90.3


85.1

Equity income from unconsolidated investments, net

(11.3)


(10.9)


(22.7)


(21.6)

Allowance for funds used during construction

(8.4)


(7.0)


(17.5)


(12.6)

Interest income and other

0.1


(0.3)


(1.6)


(1.1)


25.5


24.3


48.5


49.8

Income from continuing operations before income taxes

77.8


78.9


209.0


174.1

Income taxes

13.2


10.5


33.8


22.6

Income from continuing operations, net of tax

64.6


68.4


175.2


151.5

Loss from discontinued operations, net of tax

(0.3)


(0.6)


(0.3)


(3.6)

Net income

64.3


67.8


174.9


147.9

Preferred dividend requirements of subsidiaries

2.5


2.5


5.1


12.7

Net income attributable to Alliant Energy common shareowners

$61.8


$65.3


$169.8


$135.2

Weighted average number of common shares outstanding (basic and diluted)

110.8


110.8


110.8


110.8

Earnings per weighted average common share attributable to Alliant Energy common shareowners (basic and diluted):








Income from continuing operations, net of tax

$0.56


$0.59


$1.53


$1.25

Loss from discontinued operations, net of tax




(0.03)

Net income

$0.56


$0.59


$1.53


$1.22

Amounts attributable to Alliant Energy common shareowners:








Income from continuing operations, net of tax

$62.1


$65.9


$170.1


$138.8

Loss from discontinued operations, net of tax

(0.3)


(0.6)


(0.3)


(3.6)

Net income attributable to Alliant Energy common shareowners

$61.8


$65.3


$169.8


$135.2

Dividends declared per common share

$0.51


$0.47


$1.02


$0.94

 

ALLIANT ENERGY CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)






June 30, 
 2014


December 31,

 2013


(in millions)

ASSETS:




Property, plant and equipment:




Utility plant, net of accumulated depreciation

$7,442.9


$7,147.3

Utility construction work in progress

613.2


677.9

Other property, plant and equipment, net of accumulated depreciation

510.1


501.3

Current assets:




Cash and cash equivalents

16.2


9.8

Other current assets

993.9


1,001.4

Investments

338.6


329.6

Other assets

1,471.7


1,445.1

Total assets

$11,386.6


$11,112.4

CAPITALIZATION AND LIABILITIES:




Capitalization:




Alliant Energy Corporation common equity

$3,337.4


$3,281.4

Cumulative preferred stock of IPL

200.0


200.0

Noncontrolling interest

1.7


1.8

Long-term debt, net (excluding current portion)

2,829.9


2,977.8

Total capitalization

6,369.0


6,461.0

Current liabilities:




Current maturities of long-term debt

509.0


358.5

Commercial paper

307.9


279.4

Other current liabilities

916.3


795.4

Other long-term liabilities and deferred credits

3,284.4


3,218.1

Total capitalization and liabilities

$11,386.6


$11,112.4

 

ALLIANT ENERGY CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)






Six Months Ended June 30,


2014


2013


(in millions)

Cash flows from operating activities

$448.2


$423.3

Cash flows used for investing activities:




Construction and acquisition expenditures:




Utility business

(332.6)


(341.5)

Alliant Energy Corporate Services, Inc. and non-regulated businesses

(31.9)


(27.5)

Proceeds from Franklin County wind project cash grant


62.4

Other

(4.5)


(15.6)

Net cash flows used for investing activities

(369.0)


(322.2)

Cash flows used for financing activities:




Common stock dividends

(112.9)


(104.2)

Payments to redeem preferred stock of IPL and WPL


(211.0)

Proceeds from issuance of preferred stock of IPL


200.0

Net change in commercial paper

28.5


10.6

Other

11.6


(6.2)

Net cash flows used for financing activities

(72.8)


(110.8)

Net increase (decrease) in cash and cash equivalents

6.4


(9.7)

Cash and cash equivalents at beginning of period

9.8


21.2

Cash and cash equivalents at end of period

$16.2


$11.5

 

KEY FINANCIAL STATISTICS



June 30, 2014


June 30, 2013

Common shares outstanding (000s)

110,936



110,944


Book value per share

$30.08



$28.49


Quarterly common dividend rate per share

$0.51



$0.47


 



KEY OPERATING STATISTICS






Three Months Ended June 30,


Six Months Ended June 30,


2014


2013


2014


2013

Utility electric sales (000s of MWh)








Residential

1,661


1,698


3,885


3,747

Commercial

1,523


1,503


3,177


3,048

Industrial

2,958


2,887


5,782


5,584

Retail subtotal

6,142


6,088


12,844


12,379

Sales for resale:








Wholesale

852


833


1,788


1,717

Bulk power and other

106


285


196


436

Other

36


43


78


83

Total

7,136


7,249


14,906


14,615

Utility retail electric customers (at June 30)








Residential

847,733


846,261





Commercial

138,757


138,262





Industrial

2,870


2,841





Total

989,360


987,364





Utility gas sold and transported (000s of Dth)








Residential

4,060


4,377


20,895


18,263

Commercial

3,137


3,185


13,712


12,152

Industrial

634


640


1,757


1,636

Retail subtotal

7,831


8,202


36,364


32,051

Transportation / other

13,583


13,035


31,611


29,494

Total

21,414


21,237


67,975


61,545

Utility retail gas customers (at June 30)








Residential

370,431


369,410





Commercial

45,774


45,633





Industrial

433


441





Total

416,638


415,484













Estimated margin increases (decreases) from impacts of weather (in millions) -


Three Months Ended June 30,


Six Months Ended June 30,


2014


2013


2014


2013

Electric margins

$5


$3


$18


$6

Gas margins

(1)


1


8


2

Total weather impact on margins

$4


$4


$26


$8

 


Three Months Ended June 30,


Six Months Ended June 30,


2014


2013


Normal (a)


2014


2013


Normal (a)

Heating degree days (HDDs) (a)


















Cedar Rapids, Iowa (IPL)

711



775



703



4,903



4,296



4,128


Madison, Wisconsin (WPL)

797



897



833



5,072



4,642



4,331


Cooling degree days (CDDs) (a)


















Cedar Rapids, Iowa (IPL)

263



246



215



263



246



217


Madison, Wisconsin (WPL)

233



190



178



233



190



180



(a) HDDs and CDDs are calculated using a simple average of the high and low temperatures each day compared to a 65 degree base.  Normal degree days are calculated using a rolling 20-year average of historical HDDs and CDDs.

 

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SOURCE Alliant Energy Corporation

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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 real-world benefits of WebRTC and explore future possibilities, as WebRTC and IoT intersect to improve customer service.
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 of TeleStax, an Open Source Cloud Communications company that helps the shift from legacy IN/SS7 telco networks to IP-based cloud comms. An early investor in multiple start-ups, he still finds time to code for his companies and contribute to open source projects.
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 machines.
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 services to the modern P2P RTC era of OTT cloud assisted services.
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 comprehension and conference efficiency.
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 to explain some of these concepts including when to use different storage models.
SYS-CON Events announced today that Gridstore™, the leader in software-defined storage (SDS) purpose-built for Windows Servers and Hyper-V, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Gridstore™ is the leader in software-defined storage purpose built for virtualization that is designed to accelerate applications in virtualized environments. Using its patented Server-Side Virtual Controller™ Technology (SVCT) to eliminate the I/O blender effect and accelerate applications Gridstore delivers vmOptimized™ Storage that self-optimizes to each application or VM across both virtual and physical environments. Leveraging a grid architecture, Gridstore delivers the first end-to-end storage QoS to ensure the most important App or VM performance is never compromised. The storage grid, that uses Gridstore’s performance optimized nodes or capacity optimized nodes, starts with as few a...
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace. These technological reforms have not only changed computers and smartphones, but are also changing the data processing model for all information devices. In particular, in the area known as M2M (Machine-To-Machine), there are great expectations that information with a new type of value can be produced using a variety of devices and sensors saving/sharing data via the network and through large-scale cloud-type data processing. This consortium believes that attaching a huge number of devic...
Innodisk is a service-driven provider of industrial embedded flash and DRAM storage products and technologies, with a focus on the enterprise, industrial, aerospace, and defense industries. Innodisk is dedicated to serving their customers and business partners. Quality is vitally important when it comes to industrial embedded flash and DRAM storage products. That’s why Innodisk manufactures all of their products in their own purpose-built memory production facility. In fact, they designed and built their production center to maximize manufacturing efficiency and guarantee the highest quality of our products.
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. Over the summer Gartner released its much anticipated annual Hype Cycle report and the big news is that Internet of Things has now replaced Big Data as the most hyped technology. Indeed, we're hearing more and more about this fascinating new technological paradigm. Every other IT news item seems to be about IoT and its implications on the future of digital business.
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. Download Slide Deck: ▸ Here
BSQUARE is a global leader of embedded software solutions. We enable smart connected systems at the device level and beyond that millions use every day and provide actionable data solutions for the growing Internet of Things (IoT) market. We empower our world-class customers with our products, services and solutions to achieve innovation and success. For more information, visit www.bsquare.com.