Click here to close now.

Welcome!

Websphere Authors: Elizabeth White, Pat Romanski, Ruxit Blog, Carmen Gonzalez, AppDynamics Blog

News Feed Item

Digital China Announces FY2012/13 Interim Results Top Line and Bottom Line Achieved Stable Growth amidst Headwinds

HONG KONG, Nov. 20, 2012 /PRNewswire/ -- Digital China Holdings Limited ("Digital China"; Stock Code: 00861.HK), China's largest integrated IT services provider, today announced the unaudited consolidated interim results of the Company and its subsidiaries (collectively the "Group") for the six months ended 30 September 2012 (the "Period").

Results Highlights:

  • For the six months ended 30 September 2012:
  • The Group recorded turnover of HK$37,404 million, up 9.57% year-on-year as compared to HK$34,138 million for the corresponding period of last fiscal year. Turnover for the second quarter alone amounted to approximately HK$19,627 million, a record high for quarterly results.
  • The Group timely liquidated inventories to avoid risks, resulting in an overall gross profit margin of 6.87%.
  • Credit to stronger cost control measures, the expense ratio was lowered by 0.63 percentage point to 5.02% year-on-year.
  • Profit attributable to equity holders of the parent amounted to HK$741 million, up 11.39% as compared to HK$665 million for the corresponding period of last fiscal year.
  • Basic earnings per share were 69.39 HK cents, up 11.92% from 62.00 HK cents for the corresponding period of last fiscal year.

The Group meticulously advanced its Sm@rt City-focused operating approach and proactive customer development plans formulated earlier in the year. During the Period, the Group reported trend-bucking business growth overall. In particular, turnover for the second quarter achieved another breakthrough and recorded a record high for quarterly results. Owing to its comprehensive and balanced business portfolio, the Group reported stable growth which reflected its strong resilience in outperforming its peers despite ongoing volatility in the consumer market. The Group's Systems Business continued to reap additional market share by closely tracking demand for the construction of data centres and cloud computing centres. At the same time, the development of CES and e-commerce channels supported the positive growth of the Group's Distribution Business. The Supply Chain Services Business reported business value enhancements following continual initiatives in structural optimization. Meanwhile, the prudent advancement of the "Sm@rt City" strategy has cemented the foundation for the Group to carry on its service-oriented transformation in greater depth.

Financial Review

During the Period, the Group recorded turnover of approximately HK$37,404 million, a growth of 9.57% as compared to approximately HK$34,138 million for the corresponding period of last fiscal year.  Gross profit margin declined to 6.87% as the Group cleared its stocks swiftly in a judicious move to avoid risks amidst soft demand in the consumer market and increasing competition and uncertainties in technologies and products since the beginning of the fiscal year. Meanwhile the Group's expense ratio during the Period was lowered by 0.63 percentage point year-on-year to 5.02% due to stronger cost control measures in line with our persistent implementation of the operating principle of "prudent progress and streamlined establishment with enhanced efficiency". Other positive contributing factors included proactive stock clearance and enhanced trade receivables management. Profit attributable to equity holders of the parent during the Period amounted to approximately HK$741 million, up 11.39% as compared to approximately HK$665 million for the corresponding period of last fiscal year. Basic earnings per share were 69.39 HK cents, up 11.92% from 62.00 HK cents for the corresponding period of last fiscal year.

Since the beginning of the current fiscal year, risk control and cash flow management have been the Group's priority tasks for this fiscal year, fully considering the risks associated with market volatility. The Group's efforts have paid off well, assuring ongoing sound and stable business growth. Net cash inflow from operating activities amounted to approximately HK$338 million for the six months ended 30 September 2012 in sustained positive performance. Meanwhile, the Group stood at the industry's top levels in terms of working capital efficiency with further improvements, as represented by a cash turnover of 14.20 days for the period, being 1.35 days less than 15.55 days reported for the corresponding period of last fiscal year.

Segment Results


Six months ended 30 September


(HK$ million)

FY 2012/2013

FY 2011/2012

Change (%) YoY

Distribution*




Segment revenue

19,547

19,329

+1.13%

Segment gross profit

619

860

-28.00%

Segment results

145

290

-49.79%

Systems*




Segment revenue

13,350

10,699

+24.77%

Segment gross profit

1,203

1,007

+19.41%

Segment results

621

518

+19.90%

Supply Chain Services *




Segment revenue

550

584

-5.85%

Segment gross profit

117

103

+13.09%

Segment results

27

17

+54.42%

Services




Segment revenue

3,958

3,526

+12.25%

Segment gross profit

630

590

+6.90%

Segment results

311

138

+124.62%

*Restate: The Group started to make adjustments to business segments in the current fiscal year:

1. A sub-segment of the "Supply Chain Services Segment" will be devoted to the provision of professional supply chain management services including one-stop logistics and maintenance services, to hi-tech corporate customers and industry customers; another sub-segment will provide purchasing services to chain electronic stores (CES) for terminal products such as PC, notebook, smart devices, digital products, where CES is deemed as a retail format and an effective complement to the Distribution Segment which aims at a comprehensive coverage of all business formats. Therefore, this sub-segment has been reallocated to the Distribution Segment.

2. A sub-segment of the "Distribution Segment" will continue to focus on full channel coverage for all retail formats for IT products and devices, developing and supplying IT products and solutions of broader variety and higher value to consumer and SMB customers. Another sub-segment in the original Distribution Segment, covering products such as PC, servers, will become an important part of IT infrastructure building in line with the development of cloud computing, which will be more compatible with the business positioning of the Systems Segment, which aims to become a supplier of IT infrastructure products and solutions. Therefore, this sub-segment has been reallocated to the Systems Segment.

Business Review

Services Business (primary focus on the Industry Market, offering IT planning and IT systems consultation, design and implementation of industry application software and solutions, outsourcing of IT system operation and maintenance, as well as products and services in systems integration and maintenance)

During the Period, the Group reported turnover of approximately HK$3,958 million for the Services Business, up 12.25% as compared to approximately HK$3,526 million for the corresponding period of last fiscal year while gross profit margin remained at 15.92%. The Group assured stable growth in its Services Business by taking the initiative to reallocate resources, making the decision to dispose of its Telecom software business and focusing on the government corporation sectors instead where it had traditionally been a market leader as well as the fast-growing banking sector. The financial and government corporation sectors reported robust revenue growth of 71.18% and 38.91%, respectively.

During the Period, more projects streaming in for pure software as well as pure services and the transformation of Services Business continued to reach further depths. In the financial sector, the Group reported rapid growth in an emerging business known as "Financial Cloud Services," signing up more than 40 small and medium-sized financial institutions. In addition, the Group also secured important projects such as the core banking systems of Bank of Qinghai, Bank of Cangzhou, Bank of Beijing and China Merchants Bank and Enterprise Service Bus of Fujian Nongxin. Meanwhile, it maintained software development and testing service contracts with existing customers such as China Construction Bank, contributing to a substantial year-on-year growth of over 50% in contract amount from the financial sector. In the government corporation sector, new customers signed up for software and services projects included the Hebei Bureau of the State Administration of Taxation, Anhui Local Taxation Bureau, Ningbo Local Taxation Bureau, Shenyang Local Taxation Bureau and Tianjin Municipal Trade Union.

After years of development effort, the Group achieved steady progress of Sm@rt City. Contract signings for Sm@rt City solutions recorded year-on-year growth of 52%. As at 30 September 2012, the Group's Sm@rt City national footprint has extended to 69 cities and we have signed strategic cooperation plans with 14 cities. The Group continued to launch successful executions for numerous maturing business types in various cities across the nation. Further to growing sophistication of the operation of the meat- and vegetable- source tracking system since its introduction to Suzhou, Wujiang and Taicang, among others, the Group has recently added the cities of Changshu and Kunshan to its clientele for this system, signifying the Group's full-scale development in the urban food safety sector and its ability to grasp more opportunities in these sectors. Meanwhile, the citizen card business continued to enjoy stable development, underpinned by recently signed up projects such as citizen card operation services for Zhangjiagang, the Karamay citizen card project, etc.

Distribution Business (primary focus on the SMB & Consumer Markets, engaging in the distribution of general IT products such as notebook computers, desktop computers, peripherals, accessories and consumer IT products)

Against a notable slowdown in the overall demand from the consumer market since the beginning of the current fiscal year in line with the macroeconomic downturn, the Group effectively neutralised the impact of lower turnover from the notebook computers business due to a lacklustre market by its strategy of detailed channel development to capitalize on the growth opportunities in CES and e-commerce businesses. The Group's Distribution Business reported turnover of approximately HK$19,547 million during the Period, an 1.13% growth year-on-year. In the meantime, the Group adopted more proactive measures to avert potential business risks through a variety of marketing initiatives to clear stock, which resulted in the gross profit margin declining to 3.17% year-over-year.

During the Period, the Group enhanced the coverage of CES and e-commerce channels, which resulted in strong turnover growth of 48.31% year-on-year in its CES business. In addition, the Group built this business into another important source of revenue on the back of long-term working relationships with key e-commerce customers. In the meantime, the Group has secured a solid foundation for the Distribution Business to achieve sound results in the second half of the fiscal year by making active preparations and deployments in a bid to capture new growth opportunities driven by more diverse applications and lower prices in an emerging market landscape featuring multiple competing platforms, following the launch of Microsoft's new operating system.

Systems Business (primary focus on the Enterprise Market, offering value-added distribution of systems products such as servers, networking products, storage products and packaged software)

During the Period, the Group outperformed the industry and it expanded market share reflecting its dominance in the Enterprise Market and value-added distribution segments. Turnover amounted to approximately HK$13,350 million, an increase of 24.77% as compared to approximately HK$10,699 million reported for the corresponding period of last fiscal year, while gross profit margin was 9.01%. The Systems Business contributed significantly to the Group's achieving its overall results during the Period.

In view of the growing maturity of cloud computing technologies, the Group's Systems Business developed more sophisticated models for strategic cooperation with leading vendors in cloud computing such as CISCO, Oracle and IBM during the Period. By integrating the strengths of partners with those of our own, the Group rolled out close cooperation in research and development, consultancy, pre-sale operations to sale. In addition to focusing on cloud computing data centre solutions by introducing leading-edge large-scale data centre products and solutions to meet the growing demand for cloud computing data centres, such cooperation initiatives also aimed to explore jointly the market for industry systems products in the financial, telecommunications and government sectors to enhance our strengths in these sectors.

Supply Chain Services Business (primary focus on the markets of Hi-tech Industries, Branded e-Commerce Platform Operators and Branded Service Providers, providing "one-stop" supply chain consultancy and execution in logistics, business flow, capital flow and information flow)

At the start of the current fiscal year, the Group's Supply Chain Services Business took the initiative to adjust businesses commanding lower gross profit while actively developing new segments in the logistics business to snatch market shares. Meanwhile, the proportion of services increased substantially through strong demand for maintenance services. The Supply Chain Services Business reported turnover of approximately HK$550 million during the Period. Gross profit margin improved by 3.56 percentage points to 21.26% as compared to the corresponding period of last fiscal year. In particular, the logistics business reported overall revenue of approximately HK$206 million, representing a growth of 59.09% as compared to the corresponding period of last fiscal year. In addition, the Group vigorously developed its e-commerce storage (B2C) business, increasing cooperation with existing strategic partners while tapping new customers. Through business streamlining, we have also secured improvements in our gross profit margin. Turnover generated from the Group's service station business increased by 4.2% year-on-year, while its gross profit margin was substantially increased by 4.05 percentage points year-on-year.

Market Outlook

Mr. Lin Yang, CEO of Digital China, commented, "During the first half of the fiscal year, the Group strictly advanced the principle of 'prudent progress, streamlined establishment with enhanced efficiency, and with a focus on Sm@rt City'. Both our top line and bottom line achieved stable trend-bucking growth. In view of the complex market situation for the second half of the fiscal year, we will adhere strictly to the principle and actively prepare for various challenges arising from the volatile market. We will reinforce our current business foundation and actively identify new niches of business growth in order to mitigate the impact of macro-environment conditions and changes in the IT market. Meanwhile, we will also earnestly explore other models for Sm@rt City operations, with the aim of forging pilot cities in the near future. While engaging in prudent business progress, we will continue as always to strengthen risk controls and operating cash flow management, continue reforms of internal administrative mechanisms, optimise staff efficiency and enhance organisational effectiveness, with a view of accomplishing of business targets for greater shareholders' value."

About Digital China

Digital China Holdings Limited ("Digital China" or the "Group"; Stock Code: 00861.HK) is the largest integrated IT services provider in the Greater China area. Digital China provides end-to-end integrated IT services for customers on the back of a complete IT services value chain that covers IT planning and consultation, IT infrastructure system integration, design and implementation of solutions, design and development of application software, outsourcing of IT system operations and maintenance, IT distribution and maintenance, etc.

Digital China is driving the Sm@rt City initiative in tandem with China's 12th Five-Year Plan. By facilitating consolidation and innovation through IT advances such as cloud computing, mobile internet and the internet of things, the Group seeks to advance China's new urbanization progress. As the largest integrated IT services provider in China, Digital China has comprehensive service capability and business coverage that ranges from Sm@rt City framework design and planning, Sm@rt City IT infrastructure implementation to Sm@rt City operational services. Leveraging on its extensive expertise and experience in informatization, Digital China has become China's leading Sm@rt City expert that boasts a forward-looking theoretical structure and has the largest stock of successful cases.

For additional information about Digital China, please visit the Group's website at www.digitalchina.com.hk.

For investor and media inquiries:

Neal He

Digital China Holdings Limited

Tel: +86-10-8270-5635

Email: heyongc@digitalchina.com

 

Lily Lai

Digital China Holdings Limited

Tel: +852-3416-8133

Email: lilylai@hk.digitalchina.com

Henry Chik

PRChina

Tel: +852-2522-1368

Email: hchik@prchina.com.hk

 

Camille Xiong

PRChina

Tel: +852-2522-1838

Email: cxiong@prchina.com.hk

 

Judie Zhu

Digital China Holdings Limited

Tel: +86-10-8270-7818

Email: zhusjia@hk.digitalchina.com

 

David Shiu

PRChina

Tel: +852-2522-2823

Email: dshiu@prchina.com.hk

 


CONDENSED CONSOLIDATED INCOME STATEMENT


Three months ended

30 September 2012

Six months ended

30 September 2012

Three months ended

30 September 2011

Six months ended

30 September 2011


(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)


HK$'000

HK$'000

HK$'000

HK$'000






REVENUE

19,626,814

37,403,597

18,099,893

34,137,847






Cost of sales

(18,398,345)

(34,834,401)

(16,763,558)

(31,577,521)






Gross profit                                                       

1,228,469

2,569,196

1,336,335

2,560,326






Other income and gains

316,806

418,039

230,754

381,656






Selling and distribution costs

(711,626)

(1,419,679)

(759,605)

(1,366,100)

Administrative expenses

(156,042)

(287,647)

(144,081)

(264,941)

Other operating expenses, net

(137,600)

(169,489)

(163,925)

(297,507)

Total operating expenses

(1,005,268)

(1,876,815)

(1,067,611)

(1,928,548)






Finance costs

(79,883)

(156,856)

(63,898)

(162,134)

Share of profits and losses of:





Jointly-controlled entities

2,133

1,179

(268)

(409)

Associates

(14,263)

(10,274)

8,647

14,833






PROFIT BEFORE TAX

447,994

944,469

443,959

865,724






Income tax expense

(30,672)

(99,340)

(112,879)

(149,133)






PROFIT FOR THE PERIOD

417,322

845,129

331,080

716,591






Attributable to:





  Equity holders of the parent

340,461

741,072

308,150

665,320

  Non-controlling interests

76,861

104,057

22,930

51,271







417,322

845,129

331,080

716,591






EARNINGS PER SHARE ATTRIBUTABLE TO  ORDINARY EQUITY HOLDERS OF THE PARENT





Basic


69.39 HK cents


62.00 HK cents






Diluted


68.57 HK cents


61.68 HK cents

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION



At

30 September 2012


At

31 March 2012



(Unaudited)


(Audited)



HK$'000


HK$'000

NON-CURRENT ASSETS





Property, plant and equipment


1,372,202


1,236,475

Investment properties


211,078


305,005

Prepaid land premiums


189,062


163,215

Goodwill


236,762


236,377

Intangible assets


7,176


4,591

Investments in jointly-controlled entities


79,850


33,224

Investments in associates


683,892


780,739

Available-for-sale investments


557,231


214,321

Deposit paid for acquisition of property and

  land use right


 

157,152


 

-

Deferred tax assets


60,570


32,135

Total non-current assets


3,554,975


3,006,082






CURRENT ASSETS





Inventories


4,737,215


5,154,490

Trade and bills receivables


12,603,423


10,787,427

Prepayments, deposits and other receivables


4,451,091


3,527,378

Derivative financial instruments


61,934


92,440

Financial assets at fair value through profit or loss


185,819


-

Cash and cash equivalents


3,309,577


4,253,966



25,349,059


23,815,701

Non-current asset classified as held for sale


12,467


-

Total current assets


25,361,526


23,815,701






CURRENT LIABILITIES





Trade and bills payables


13,549,167


12,315,472

Other payables and accruals


2,363,876


2,728,849

Tax payable


195,470


201,525

Interest-bearing bank borrowings


3,174,430


2,323,895

Bond payable


36,675


-

Total current liabilities


19,319,618


17,569,741






NET CURRENT ASSETS


6,041,908


6,245,960






TOTAL ASSETS LESS CURRENT LIABILITIES


9,596,883


9,252,042






NON-CURRENT LIABILITIES





Interest-bearing bank borrowings


1,552,500


1,692,000

Bond payable


-


36,615

Total non-current liabilities


1,552,500


1,728,615






NET ASSETS


8,044,383


7,523,427


 

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (continued)



At

30 September 2012


At

31 March 2012



(Unaudited)


(Audited)



HK$'000


HK$'000

EQUITY





Equity attributable to equity holders of the parent





Issued capital


109,291


109,273

Reserves


7,132,057


6,286,928

  Proposed final dividend


-


424,986



7,241,348


6,821,187

Non-controlling interests


803,035


702,240






TOTAL EQUITY


8,044,383


7,523,427

SOURCE Digital China Holdings Limited

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
Analytics is the foundation of smart data and now, with the ability to run Hadoop directly on smart storage systems like Cloudian HyperStore, enterprises will gain huge business advantages in terms of scalability, efficiency and cost savings as they move closer to realizing the potential of the Internet of Things. In his session at 16th Cloud Expo, Paul Turner, technology evangelist and CMO at Cloudian, Inc., will discuss the revolutionary notion that the storage world is transitioning from mere Big Data to smart data. He will argue that today’s hybrid cloud storage solutions, with commodity...
Cloud data governance was previously an avoided function when cloud deployments were relatively small. With the rapid adoption in public cloud – both rogue and sanctioned, it’s not uncommon to find regulated data dumped into public cloud and unprotected. This is why enterprises and cloud providers alike need to embrace a cloud data governance function and map policies, processes and technology controls accordingly. In her session at 15th Cloud Expo, Evelyn de Souza, Data Privacy and Compliance Strategy Leader at Cisco Systems, will focus on how to set up a cloud data governance program and s...
Roberto Medrano, Executive Vice President at SOA Software, had reached 30,000 page views on his home page - http://RobertoMedrano.SYS-CON.com/ - on the SYS-CON family of online magazines, which includes Cloud Computing Journal, Internet of Things Journal, Big Data Journal, and SOA World Magazine. He is a recognized executive in the information technology fields of SOA, internet security, governance, and compliance. He has extensive experience with both start-ups and large companies, having been involved at the beginning of four IT industries: EDA, Open Systems, Computer Security and now SOA.
The industrial software market has treated data with the mentality of “collect everything now, worry about how to use it later.” We now find ourselves buried in data, with the pervasive connectivity of the (Industrial) Internet of Things only piling on more numbers. There’s too much data and not enough information. In his session at @ThingsExpo, Bob Gates, Global Marketing Director, GE’s Intelligent Platforms business, to discuss how realizing the power of IoT, software developers are now focused on understanding how industrial data can create intelligence for industrial operations. Imagine ...
Every innovation or invention was originally a daydream. You like to imagine a “what-if” scenario. And with all the attention being paid to the so-called Internet of Things (IoT) you don’t have to stretch the imagination too much to see how this may impact commercial and homeowners insurance. We’re beyond the point of accepting this as a leap of faith. The groundwork is laid. Now it’s just a matter of time. We can thank the inventors of smart thermostats for developing a practical business application that everyone can relate to. Gone are the salad days of smart home apps, the early chalkb...
We certainly live in interesting technological times. And no more interesting than the current competing IoT standards for connectivity. Various standards bodies, approaches, and ecosystems are vying for mindshare and positioning for a competitive edge. It is clear that when the dust settles, we will have new protocols, evolved protocols, that will change the way we interact with devices and infrastructure. We will also have evolved web protocols, like HTTP/2, that will be changing the very core of our infrastructures. At the same time, we have old approaches made new again like micro-services...
Operational Hadoop and the Lambda Architecture for Streaming Data Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing and analyzing streaming data is the Lambda Architecture, representing a model of how to analyze rea...
Today’s enterprise is being driven by disruptive competitive and human capital requirements to provide enterprise application access through not only desktops, but also mobile devices. To retrofit existing programs across all these devices using traditional programming methods is very costly and time consuming – often prohibitively so. In his session at @ThingsExpo, Jesse Shiah, CEO, President, and Co-Founder of AgilePoint Inc., discussed how you can create applications that run on all mobile devices as well as laptops and desktops using a visual drag-and-drop application – and eForms-buildi...
Docker is an excellent platform for organizations interested in running microservices. It offers portability and consistency between development and production environments, quick provisioning times, and a simple way to isolate services. In his session at DevOps Summit at 16th Cloud Expo, Shannon Williams, co-founder of Rancher Labs, will walk through these and other benefits of using Docker to run microservices, and provide an overview of RancherOS, a minimalist distribution of Linux designed expressly to run Docker. He will also discuss Rancher, an orchestration and service discovery platf...
SYS-CON Events announced today that Vitria Technology, Inc. will exhibit at SYS-CON’s @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes for use cases across the industrial, enterprise, and consumer segments.
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch of Docker's initial release in March of 2013, interest was revved up several notches. Then late last...
SYS-CON Events announced today that Dyn, the worldwide leader in Internet Performance, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Dyn is a cloud-based Internet Performance company. Dyn helps companies monitor, control, and optimize online infrastructure for an exceptional end-user experience. Through a world-class network and unrivaled, objective intelligence into Internet conditions, Dyn ensures traffic gets delivered faster, safer, and more reliably than ever.
CommVault has announced that top industry technology visionaries have joined its leadership team. The addition of leaders from companies such as Oracle, SAP, Microsoft, Cisco, PwC and EMC signals the continuation of CommVault Next, the company's business transformation for sales, go-to-market strategies, pricing and packaging and technology innovation. The company also announced that it had realigned its structure to create business units to more directly match how customers evaluate, deploy, operate, and purchase technology.
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect at GE, and Ibrahim Gokcen, who leads GE's advanced IoT analytics, focused on the Internet of Things / Industrial Internet and how to make it operational for business end-users. Learn about the challenges posed by machine and sensor data and how to marry it with enterprise data. They also discussed the tips and tricks to provide the Industrial Internet as an end-user consumable service using Big Data Analytics and Industrial Cloud.
The explosion of connected devices / sensors is creating an ever-expanding set of new and valuable data. In parallel the emerging capability of Big Data technologies to store, access, analyze, and react to this data is producing changes in business models under the umbrella of the Internet of Things (IoT). In particular within the Insurance industry, IoT appears positioned to enable deep changes by altering relationships between insurers, distributors, and the insured. In his session at @ThingsExpo, Michael Sick, a Senior Manager and Big Data Architect within Ernst and Young's Financial Servi...
Performance is the intersection of power, agility, control, and choice. If you value performance, and more specifically consistent performance, you need to look beyond simple virtualized compute. Many factors need to be considered to create a truly performant environment. In his General Session at 15th Cloud Expo, Harold Hannon, Sr. Software Architect at SoftLayer, discussed how to take advantage of a multitude of compute options and platform features to make cloud the cornerstone of your online presence.
Even as cloud and managed services grow increasingly central to business strategy and performance, challenges remain. The biggest sticking point for companies seeking to capitalize on the cloud is data security. Keeping data safe is an issue in any computing environment, and it has been a focus since the earliest days of the cloud revolution. Understandably so: a lot can go wrong when you allow valuable information to live outside the firewall. Recent revelations about government snooping, along with a steady stream of well-publicized data breaches, only add to the uncertainty
The explosion of connected devices / sensors is creating an ever-expanding set of new and valuable data. In parallel the emerging capability of Big Data technologies to store, access, analyze, and react to this data is producing changes in business models under the umbrella of the Internet of Things (IoT). In particular within the Insurance industry, IoT appears positioned to enable deep changes by altering relationships between insurers, distributors, and the insured. In his session at @ThingsExpo, Michael Sick, a Senior Manager and Big Data Architect within Ernst and Young's Financial Servi...
PubNub on Monday has announced that it is partnering with IBM to bring its sophisticated real-time data streaming and messaging capabilities to Bluemix, IBM’s cloud development platform. “Today’s app and connected devices require an always-on connection, but building a secure, scalable solution from the ground up is time consuming, resource intensive, and error-prone,” said Todd Greene, CEO of PubNub. “PubNub enables web, mobile and IoT developers building apps on IBM Bluemix to quickly add scalable realtime functionality with minimal effort and cost.”
The Internet of Things (IoT) is rapidly in the process of breaking from its heretofore relatively obscure enterprise applications (such as plant floor control and supply chain management) and going mainstream into the consumer space. More and more creative folks are interconnecting everyday products such as household items, mobile devices, appliances and cars, and unleashing new and imaginative scenarios. We are seeing a lot of excitement around applications in home automation, personal fitness, and in-car entertainment and this excitement will bleed into other areas. On the commercial side, m...