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China Yida Announces Third Quarter 2012 Results

FUZHOU, China, Nov. 13, 2012 /PRNewswire/ -- China Yida Holding Company (Nasdaq: CNYD) ("China Yida" or the "Company"), a diversified tourism and entertainment enterprise in China, today announced financial results for the third quarter ended September 30, 2012.

Third Quarter 2012 Results

  • Total net revenue was $6.3 million, a decrease of 43.6% compared to $11.2 million in the year-ago period
  • Net revenue from the tourism business was $3.2 million, an increase of 9.3% year over year, with a gross margin of 48.7%
  • Net revenue from the media business was $3.2 million, a decrease of 61.9% year over year, with a gross margin of 61.0%
  • Gross profit was $3.5 million, a decrease of 54.8% compared to $7.7 million in the year-ago period
  • Operating income was $0.3 million compared to $4.9 million in the third quarter of 2011.
  • Net loss attributable to China Yida Holding Company was $1.0 million, compared to net income attributable to China Yida Holding Company of $3.2 million in the year-ago period
  • Fully diluted loss was $0.05 per share compared to earnings $0.16 per share in the year-ago period

"We saw a solid level of tourist traffic to two of our key tourist destinations in the third quarter which drove a modest rise in revenue in our tourism segment.  However, the quarter marked the expected contraction of our media business, which experienced the full effects of regulations that seriously hamper the means and mode of advertising.  As a result, we reported a loss in the quarter and anticipate an eventual further move away from this business segment.  Most important, we are committed to our vision of creating a preëminent tourist company and therefore continue to focus our efforts on developing an array of attractive tourist destinations," commented Dr. Minhua Chen, Chairman and Chief Executive Officer of China Yida.

"We are especially pleased to see that visitor traffic to Great Golden Lake has stabilized with the site's full recovery and that visitor traffic to Yunding Park has begun to grow.  Further, we believe that both tourist destinations have substantially greater visitor potential once ongoing road access issues are resolved," CEO Chen continued. "The development of our three new properties is largely on schedule and we expect to commence operation of these new tourist destinations during the first half of 2013.  Given that the fundamentals in China's tourism market remain strong, we are confident that our tourism segment can achieve continued growth and that our strategy of developing distinctive and varied tourist destinations will succeed in the long run."

Third Quarter 2012 Results

Total consolidated net revenue for the Company's two business segments, Tourism and Media, was $6.3 million in the third quarter of 2012, a decrease of 43.6% as compared to $11.2 million in the year-ago quarter. A review of each business segment follows.

Tourism Business

Net revenue from the tourism business was $3.2 million, an increase of 9.3% as compared to $2.9 million in net revenue in the third quarter of 2011. The increase was primarily attributable to an increasing number of tourists visiting both the Great Golden Lake and Yunding Recreational Park tourist destinations, partially offset by the continued downturn at the Hua'An Tulou site. Gross margin from the tourism business was 48.7% in the third quarter, compared to 51.8% in the year-ago quarter, but it improved sequentially from 43.8% in the second quarter of 2012.

The total number of visitors that entered the Great Golden Lake during the third quarter of 2012 was approximated 114,000 as compared to 110,000 in the same period of last year, and up sequentially from 86,000 in the second quarter of 2012. The site generated approximately $2.0 million in revenue in the third quarter, up 9.7% from the comparable year-ago quarter. The Company believes that visitor traffic to the Great Golden Lake is gradually improving and expects additional potential for growth once a new road that affords main access to the site is completed.

Yunding Recreational Park attracted 34,000 visitors in the third quarter of 2012, a solid increase from the 14,000 visitors in the third quarter of 2011.  As compared to the second quarter of 2012, visitor traffic decreased by 14,000 as a result of ongoing road construction and unfavorable weather conditions. The site generated approximately $0.9 million in revenue in the third quarter of 2012, more than double the amount generated in the comparable year-ago quarter. The increase in visitors and revenue at Yunding for the quarter is primarily attributable to enhanced marketing efforts of the Company's travel agency.

The Hua'An Tulou tourist destination received approximately 18,000 visitors, compared to 50,000 visitors in the comparable year-ago quarter, and 20,000 visitors in the second quarter of 2012. The decrease was mainly due to tough market competition from two nearby Tulou clusters in Fujian Province. Hua'An Tulou generated approximately $0.3 million in revenue in the third quarter of 2012, a decrease from $0.7 million in the comparable year-ago quarter.

Media Business

Net revenue from the media business in the third quarter of 2012 was $3.2 million, a decrease of 61.9% from the $8.3 million posted in the comparable period a year ago. Fujian Education Television Channel ("FETV") experienced a 60.3% fall in revenue in the quarter year over year to an estimated $3.1 million due to actions by domestic media authorities restricting the broadcasting manner and content of TV advertising. The restricting content of TV advertising included shopping programs, min ads and certain medical advertisements. Revenue from the Company's train media business was an estimated $0.1 million for the third quarter of 2012 as compared to $0.6 million for the third quarter of 2011, as a majority of advertising clients terminated their purchases due to the absence of an automatic broadcasting and monitoring system. The decrease in revenue is in line with the Company's expectation and further decreases may occur in the next few quarters.

Gross margin for the media business was 61.0% for the third quarter of 2012, as compared to 74.3% in the comparable year-ago quarter. The decrease in gross margin was primarily attributable to the substantial fall-off in revenue at FETV.

Consolidated Operating Results

Gross profit for China Yida's consolidated operations was $3.5 million in the third quarter of 2012, representing a gross profit margin of 54.8%, compared to gross profit of $7.7 million and a gross margin of 68.5% for the comparable period of 2011.

Total operating expenses increased by 12.8% to $3.1 million in the third quarter of 2012, compared with $2.8 million in the third quarter of 2011. This increase was primarily attributable to a 31.8% jump in selling expenses, which increased from $1.6 million to $2.1 million, due to higher marketing and operating expenses at Yunding Park compared to the same period last year. Operating income decreased by 93.0% to $0.3 million in the third quarter of 2012 compared with $4.9 million in the year ago quarter.

Net loss attributable to China Yida Holding Company for the third quarter of 2012 was $1.0 million, or $0.05 per diluted share, as compared with net income of $3.2 million, or $0.16 per diluted share, for the third quarter of 2011.

Nine Month Results

Total net revenue decreased by 36.8% to $21.5 million for the nine months ended September 30, 2012, compared with $34.0 million for the nine months ended September 30, 2011. Net revenue from advertising decreased by 47.0% to $14.1 million, compared with $26.7 million for the nine months ended September 30, 2011. Net revenue from the tourism business increased by 0.6% to $7.3 million for the nine months ended September 30, 2012.

Gross profit for the first nine months of 2012 decreased 45.1% year over year to $12.9 million from $23.4 million in the first nine months of 2011. The gross margin for the first nine months of 2012 was 59.9% as compared to 69.0% in the year-ago period. Operating income decreased by 71.2% to $4.7 million in the first nine months of 2012, compared with $16.2 million in the first nine months of 2011.

Net income attributable China Yida Holding Company for the nine months ended September 30, 2012 was $1.3 million, or $0.06 per fully diluted share, as compared to net income of $10.7 million, or $0.54 per share, for the comparable period of 2011.

Financial Condition

As of September 30, 2012, the Company had $8.4 million in cash and cash equivalents, up from $5.7 million as of fiscal year end 2011. Working capital was a negative $4.4 million due to an increased level of both short-term loans and the current portion of long-term debt. As of September 30, 2012, the Company had total debt of $40.8 million out of which short term loans comprise $4.1 million and the current portion of its long-term debt is $6.9 million.  Shareholders' equity was $159.4 million at the end of the third quarter of 2012 as compared to $157.9 million at the end of 2011.

China Yida generated $0.6 million in cash flow from operating activities in the third quarter of 2012 and spent $4.5 million on investing activities. The Company received $1.6 million in proceeds from short-term bank loans in the third quarter of 2012 to fund the development of its tourism destinations.

Business Update

The Company experienced reasonably good attendance at its Great Golden Lake and Yunding Recreation Park tourist destinations in the third quarter of 2012 attributable to the summer tourism season and despite still-difficult road access to both sites. Tourist traffic to the Great Golden Lake increased by approximately 32.6% from the previous quarter although the road to Shangqing River is still under construction and visitors must now use a rougher, more difficult road.  It is anticipated that the road construction by the local government will be completed in the first half of 2013.  The natural view and tourism facilities at the Great Golden Lake destination have now fully recovered from the severe summer floods of 2010. 

Yunding Recreational Park continued to see strong progress as tourist traffic was up in the third quarter of 2012, almost two and a half times the level seen in the comparable year-ago quarter.  However, tourist traffic is still below that of Yunding's designed capacity since the site is also hampered by poor road access.  However, the new expressway connecting Fuzhou to Yongtai Town is being built by the local government and is expected to be completed by the first half of 2013.  In the meantime, Management has been enhancing its marketing efforts as well as developing second-stage entertainment attractions to further enrich tourists' visiting experience. The Company plans to put its recently constructed guest cottages into operation in mid-November of 2012 which will enable visitors to extend their stay at Yunding. The two new restaurants in Gorges are currently in operation and valley rafting facilities began trial operation at the site in conjunction with the season from June to October.  In addition, the camping center and shopping plaza are both under development and are expected to roll out in the first half of 2013.

The increase in tourism segment revenue at both the Great Golden Lake and Yunding Recreational Park was partially offset by the decrease in revenue at the Hua'An Tulou tourism destination, attributable to strong competition among the homogeneous tourism destinations, Nanjing Tulou Cluster and Yongding Tulou Cluster.  The Company plans upon utilizing its travel agency to promote the site as well as offer more promotions in Xiamen City.  China Yida's tourism marketing center designs and executes proactive marketing strategies that include developing creative and constructive relationships with travel agencies and explores new markets for its tourist destinations.

As of September 30, 2012, China Yida has made significant progress in the development of its three new tourism destinations, Ming Dynasty Entertainment World in Bengbu City, Anhui province, China Yang-sheng (Nourishing Life) Paradise in Zhangshu City, Jiangxi province, and the City of Caves in Fenyi City, Jiangxi province.  The development and construction of these new tourist destinations are in line with the Company's schedule. In the first nine months of 2012, the Company invested approximately $4.6 million in the acquisition of land use rights, approximately $9.5 million in the construction of tourism facilities and $1.2 million in the planning and design for these new tourist destinations.

Management believes that it can finance all of its ongoing capital expenditures from cash on hand, cash from operations and bank loans secured against its land bank. China Yida carefully reviews its capital expenditures on a regularly basis. Although interest expense were significant in the third quarter, the Company still generated over $10 million in operating cash flow as of September 30, 2012, which it believes is sufficient to meet its repayment obligations. In addition, the Company has ample credit facilities because local banks remain positive as to the Company's future prospects.

Entering 2012, new construction and development was adversely affected by more-than-normal rainy days. However, the Company will undertake its best efforts to complete Phase I construction of these new projects and expects to commence operation of the two new tourist destinations in Jiangxi province by the first half of 2013 and the other one in Anhui province by the second half of 2013.

In terms of its media segment, the Company has previously disclosed that due to strict regulations on certain types of TV advertising, it expects that FETV's advertising revenue may continue to decline further in the quarters ahead. The Company now expects that it may have to discontinue the FETV business when the contract is due in July 2013. Beginning on January 1, 2012, the State Administration of Radio Film and Television (SARFT) disallowed any commercial advertisements that are inserted in the midst of certain TV programming with the result that ad time is now minimized and only able to be inserted at a program's end. In addition, the Company also expects that in the near future, it is highly likely that it will discontinue its train media business which generates minimal revenue, though such timing has not yet been determined.

The Company's strategic plan is to transition from what is currently a media and tourism company to one that is primarily a tourist company, where revenues derived from its tourism properties account for an ever-increasing percentage of its total revenues.  China Yida foresees diverse revenue streams emanating from its tourist properties which the Company expects will drive a sustainable level of revenue and earnings growth.

Conference Call

China Yida will conduct a conference call at 9:00 a.m. Eastern Time (ET) on Tuesday, November 13, 2012, to discuss its financial results for the third quarter ended September 30, 2012. To participate in the live conference call, please dial any of the following numbers five to ten minutes prior to the scheduled conference call time.

Toll-Free Dial-In Number:

US                     866-395-5819
China, Domestic 400-682-8609
Hong Kong         800-966-253
Singapore           800-101-1512

International callers can also dial +1-706-643-6986.

The Conference ID for this call is 64152056.

If you are unable to participate in the call at this time, a replay will be available for two weeks starting on Tuesday, November 13, 2012 at 12:00 p.m. ET. To access the replay, dial 855-859-2056 or 404-537-3406, international callers dial +1-800-585-8367. The Conference ID is 64152056.

About China Yida

China Yida is a leading tourism and media enterprise focused on China's fast-growing leisure industry and headquartered in Fuzhou City, Fujian province of China.  The Company provides tourism management services and specializes in the development, management and operation of natural, cultural and historic scenic sites. 

China Yida currently operates the Great Golden Lake tourist destination (Global Geopark), Hua'An Tulou tourist destination (World Culture Heritage) and China Yunding Park (National Park).  China Yida is also developing three additional tourism projects, Ming Dynasty Entertainment World, China Yang-sheng (Nourishing Life) Tourism Project and the City of Caves.

The Company's media business provides operations management services including content and advertising management for the Fujian Education Television Station ("FETV"), and "Journey through China on the Train", an advertisement-embedded travel program. 

For further information, please contact the Company directly, or visit its Web site at http://www.yidacn.net.

Forward-Looking Statements

Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate, "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of China Yida Holding Co., Inc. (the "Company") to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to: (i) the Company's ability to obtain sufficient capital or a strategic business arrangement; (ii) the Company's ability to build and maintain the management and human resources and infrastructure necessary to support the anticipated growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov.

Contact:

China Yida Holding           

CCG Investor Relations                       

Jocelyn Chen                  

Crocker Coulson, President

Phone: +86 591 28082230            

Phone: + (1) 646-213-1915

Email: [email protected]           

Email: [email protected]

FINANCIAL TABLES FOLLOW


CHINA YIDA HOLDING CO. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

 



September 30,


December 31,



2012


2011



(UNAUDITED)


(AUDITED)






ASSETS





Current assets





  Cash and cash equivalents

$

8,416,253

$

5,684,847

  Accounts receivable


227,674


129,849

  Other receivables, net


625,786


4,940,389

  Advances and prepayments


1,639,287


1,881,427

  Repayment – current portion


363,307


207,117

    Total current assets


11,272,307


12,843,629






  Property and equipment, net


140,451,891


110,593,580

  Construction in progress


3,415,337


25,964,029

  Intangible assets, net


44,887,717


32,355,010

  Long-term prepayments


4,819,210


12,758,763

  Deferred tax assets


-


104,078

    Total assets

$

204,846,462

$

194,619,089






LIABILITIES AND STOCKHOLDERS' EQUITY





Current liabilities





  Short-term loans

$

4,114,575

$

943,619

  Long-term debt, current portion


6,871,340


3,761,894

  Accounts payable


24,827


91,385

  Current obligation under airtime rights commitment


2,206,033


2,359,169

  Accrued expenses and other payables


2,080,927


638,175

  Taxes payable


391,767


1,223,528

  Deferred tax liabilities – current


-


67,644

    Total current liabilities


15,689,469


9,085,414






  Long-term obligation under airtime rights commitment


-


1,548,928

  Long-term debt


29,769,855


26,040,732

    Total liabilities


45,459,324


36,675,074






Commitments and contingencies










Stockholders' equity





Preferred stock ($0.001 par value, 10,000,000 shares authorized, none issued and outstanding)


-


-

Common stock ($0.0001 par value, 100,000,000 shares authorized, 19,571,785 and 19,551,785 issued and outstanding as of September 30, 2011 and December 31, 2011, respectively)


19,571


19,551

Additional paid in capital


49,148,049


49,111,569

Accumulated other comprehensive income


13,426,488


12,484,116

Retained earnings


88,975,816


87,715,182

Statutory reserve


2,549,330


2,549,330

Total China Yida Holding. Co. Stockholders' Equity


154,119,254


151,879,748

Non-controlling interest


5,267,884


6,064,267

Total stockholders' equity


159,387,138


157,944,015

Total liabilities and stockholders' equity

$

204,846,462

$

194,619,089

 

CHINA YIDA HOLDING CO. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND

OTHER COMPREHENSIVE INCOME

(UNAUDITED)

 



 Nine months ended September 30, 


Three months ended September June 30



2012


2011


2012


2011

Net revenue









Advertisement

$

14,126,023

$

26,675,830

$

3,168,963

$

8,322,439

Tourism


7,340,957


7,299,124


3,152,618


2,885,042










Total net revenue


21,466,980


33,974,654


6,321,581


11,207,481










Cost of revenue









Advertisement


4,227,122


6,847,683


1,236,714


2,141,129

Tourism


4,377,807


3,681,633


1,618,473


1,389,869










Total cost of revenue


8,604,929


10,529,316


2,855,187


3,530,998










Gross profit


12,862,051


23,445,338


3,466,394


7,676,483










Operating expenses









  Selling expenses


4,751,736


3,704,622


2,104,616


1,596,304

  General and administrative expenses


3,443,661


3,543,764


1,019,861


1,174,569










Total operating expenses


8,195,397


7,248,386


3,124,477


2,770,873










Income from operations


4,666,654


16,196,952


341,917


4,905,610










Other income (expense)









  Other expense, net


(191,870)


(41,430)


(77,203)


(23,648)

  Interest income


32,218


75,358


11,645


27,942

  Interest expenses


(990,189)


(228,212)


(870,698)


(26,454)










 Total other expenses


(1,149,841)


(194,284)


(936,256)


(22,160)










Income (Loss) before income tax and non-controlling interest


3,516,813


16,002,668


(594,339)


4,883,450










Less: Provision for income tax


2,457,792


5,433,442


451,471


1,715,696










Net income (Loss)


1,059,021


10,569,226


(1,045,810)


3,167,754










Net loss attributed to non-controlling interest


201,613


84,015


70,399


40,852










Net income (loss) attributable to China Yida Holding Co.


1,260,634


10,653,241


(975,411)


3,208,606










Other comprehensive income









Foreign currency translation gain (loss)


980,614


5,005,563


(253,430)


1,741,244










Comprehensive income (loss)

$

2,039,635

$

15,574,789

$

(1,299,240)

$

4,908,998










Compehensive loss attributable to non-controlling interest


163,371


84,678


79,962


41,469










Comprehensive income (loss) attributable to China Yida Holding Co.

$

2,023,006

$

15,659,467

$

(1,219,278)

$

4,950,467










Earnings per share









- Basic

$

0.06

$

0.54

$

(0.05)

$

0.16

- Diluted

$

0.06

$

0.54

$

(0.05)

$

0.16










Weighted average shares outstanding









- Basic


19,561,240


19,551,785


19,571,785


19,551,785

- Diluted


19,561,240


19,561,621


19,571,785


19,555,436










 

CHINA YIDA HOLDING CO. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

 




For the Nine Months Ended




September 30,




2012


2011







 CASH FLOWS FROM OPERATING ACTIVITIES






  Net income 

$

1,059,021

$

10,569,226


 Adjustments to reconcile net income to net cash provided






 by operating activities:






   Depreciation


3,053,498


2,599,852


   Amortization


1,845,015


2,718,586


   Stock based compensation


36,500


576,536


   Deferred tax 


36,434


51,914


   Amortization of financing costs






 Changes in operating assets and liabilities:






   Accounts receivable


(97,174)


(106,811)


   Other receivables, net


3,718,652


(319,681)


   Advances and prepayments


254,323


282,239


   Accounts payable


(67,241)


(1,098,386)


   Accrued expenses and other payables


1,441,158


1,539,620


   Taxes payable


(840,807)


(544,244)


 Net cash provided by operating activities    


10,619,976


16,268,581







 CASH FLOWS FROM INVESTING ACTIVITIES






 Additions to property and equipment


(9,103,497)


(5,823,616)


 Additions to construction in progress


(416,744)


(2,718,003)


Additions to intangible asset


(4,639,247)


(11,988,896)


Proceeds from disposal of intangible asset




2,080,636


 Increase to long-term prepayments for acquisition of






 Property, equipment and land use rights


(1,185,197)


(2,778,112)


 Net cash used in investing activities   


(15,344,685)


(21,227,991)







 CASH FLOWS FROM FINANCING ACTIVITIES






 Repayment of loan from non-controlling interest


-


2,712,533


 Repayment of obligation under airtime rights commitment


(1,729,368)


(1,400,069)


 Payment of deferred financing costs


(674,645)


-


 Proceeds from short-term loans


3,170,326




 Proceeds of long-term loans


9,510,977


10,788,484


 Repayment of long-term loans


(2,847,632)


(246,594)


 Net cash provided by financing activities      


7,429,658


11,854,354







 EFFECT OF EXCHANGE RATE CHANGES ON CASH 


26,457


317,307







 NET INCREASE (DECREASE) IN CASH  AND CASH EQUIVALENTS


2,731,406


7,212,251

 CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD


5,684,847


7,146,684

 CASH AND CASH EQUIVALENTS, ENDING OF PERIOD

$

8,416,253

$

14,358,935







 SUPPLEMENTAL DISCLOSURES:






 Non-cash investing and financing activities:






      Transfer from construction in progress to property and
      equipment

$

23,165,538

$

-


      Transfer from advances and prepayments to intangible
      assets

$

9,556,747

$

-


 Cash paid during the period for:






      Income tax 

$

3,199,743

$

5,830,819


      Interest 

$

2,303,355

$

691,035

The notes in the Company's 2012 10-Q are an integral part of these consolidated financial statements.

SOURCE China Yida Holding Company

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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...
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.
When it comes to the Internet of Things, hooking up will get you only so far. If you want customers to commit, you need to go beyond simply connecting products. You need to use the devices themselves to transform how you engage with every customer and how you manage the entire product lifecycle. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, will show how “product relationship management” can help you leverage your connected devices and the data they generate about customer usage and product performance to deliver extremely compelling and reliabl...
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...
SYS-CON Events announced today that Open Data Centers (ODC), a carrier-neutral colocation provider, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Open Data Centers is a carrier-neutral data center operator in New Jersey and New York City offering alternative connectivity options for carriers, service providers and enterprise customers.
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. Learn about IoT, Big Data and deployments processing massive data volumes from wearables, utilities and other machines.
SYS-CON Events announced today that CodeFutures, a leading supplier of database performance tools, has been named a “Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. CodeFutures is an independent software vendor focused on providing tools that deliver database performance tools that increase productivity during database development and increase database performance and scalability during production.
The IoT market is projected to be $1.9 trillion tidal wave that’s bigger than the combined market for smartphones, tablets and PCs. While IoT is widely discussed, what not being talked about are the monetization opportunities that are created from ubiquitous connectivity and the ensuing avalanche of data. While we cannot foresee every service that the IoT will enable, we should future-proof operations by preparing to monetize them with extremely agile systems.
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...
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com), moderated by Ashar Baig, Research Director, Cloud, at Gigaom Research, Nate Gordon, Director of T...
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Intelligent Systems Services 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. Established in 1994, Intelligent Systems Services Inc. is located near Washington, DC, with representatives and partners nationwide. ISS’s well-established track record is based on the continuous pursuit of excellence in designing, implementing and supporting nationwide clients’ mission-critical systems. ISS has completed many successful projects in Healthcare, Commercial, Manufacturing, ...
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.”
Sensor-enabled things are becoming more commonplace, precursors to a larger and more complex framework that most consider the ultimate promise of the IoT: things connecting, interacting, sharing, storing, and over time perhaps learning and predicting based on habits, behaviors, location, preferences, purchases and more. In his session at @ThingsExpo, Tom Wesselman, Director of Communications Ecosystem Architecture at Plantronics, will examine the still nascent IoT as it is coalescing, including what it is today, what it might ultimately be, the role of wearable tech, and technology gaps stil...
DevOps tends to focus on the relationship between Dev and Ops, putting an emphasis on the ops and application infrastructure. But that’s changing with microservices architectures. In her session at DevOps Summit, Lori MacVittie, Evangelist for F5 Networks, will focus on how microservices are changing the underlying architectures needed to scale, secure and deliver applications based on highly distributed (micro) services and why that means an expansion into “the network” for DevOps.
For years, we’ve relied too heavily on individual network functions or simplistic cloud controllers. However, they are no longer enough for today’s modern cloud data center. Businesses need a comprehensive platform architecture in order to deliver a complete networking suite for IoT environment based on OpenStack. In his session at @ThingsExpo, Dhiraj Sehgal from PLUMgrid will discuss what a holistic networking solution should really entail, and how to build a complete platform that is scalable, secure, agile and automated.