|By PR Newswire||
|December 10, 2012 06:01 AM EST||
This news release includes forward-looking statements and information within the meaning of applicable securities laws. Readers are advised to review the "Cautionary Note Regarding Forward-Looking Information and Statements" at the conclusion of this news release. For information regarding the presentation of certain information in this news release, see "Currency, BOE and Operational Information" at the conclusion of this news release.
CALGARY, Dec. 10, 2012 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) announces guidance for 2013 and the acquisition of additional low decline, light oil interests in Montana.
Acquisition of Bakken Interests in Montana
Consistent with our strategy of consolidating core positions within our portfolio, Enerplus has agreed to enter into an agreement to acquire an additional 20% working interest in our operated leases in the Sleeping Giant area in the Elm Coulee field in Richland County, Montana for approximately US$131 million (approximately US$121 million after estimated closing adjustments of US$10 million). By investing approximately half of the proceeds from the sale of our Manitoba assets, we expect to replace the sold production, improve the concentration of our asset base and improve our operating metrics.
The acquisition is complementary to our existing operations in Sleeping Giant where we currently own an operated 70% working interest. This is a mature light oil property with an average decline rate of 14%. Our internal reserves assessment has identified a total of 6.2 million BOE of proved plus probable reserves associated with the acquisition and daily production of approximately 1,550 BOE/day (both of which are weighted 80% to light crude oil). The transaction has attractive acquisition metrics of 4.2 times annual funds flow after estimated closing adjustments, $23.00/BOE of proved plus probable reserves including future development capital and is expected to be 4% accretive to funds flow in 2013 (2% on a debt-adjusted basis). This light oil property has current netbacks of approximately $50/BOE with low operating costs averaging $5.50/BOE in 2012. We do not expect any increases in general and administrative costs as a result of the acquisition.
We believe there is additional upside potential in this field through production optimization, refracs and limited infill drilling. With approximately 400 million barrels of original oil in place on our operated leases, we are also evaluating the potential for enhanced oil recovery schemes as the current reserve bookings results in a 14% recovery factor. The total crude oil recovered to date is approximately 8%. We anticipate closing the acquisition mid-December, after which Enerplus will own a 90% working interest in the operated leases with production of approximately 7,300 BOE/day. We expect a modest level of capital spending at Sleeping Giant in 2013.
Guidance for 2013
In addition, the Board of Directors of Enerplus has approved a capital spending program for 2013. Highlights of the program are as follows:
- We expect to deliver funds flow growth of over 11% in 2013. On a debt-adjusted basis, funds flow is expected to grow by 6% per share. This growth, along with a current yield of approximately 8%, aligns with our long-term business strategy of providing an attractive total return to investors comprised of both growth and income.
- We are targeting a capital program of $685 million, 20% lower than our estimated spending in 2012, which more closely balances our capital spending and dividends with funds flow.
- We expect production to average between 82,000 BOE/day and 85,000 BOE/day, which at the mid-point of the range, would represent a 2% increase over our estimated 2012 average daily production after adjusting for our recent acquisition and divestment activities. Based upon current cost structures and the commodity price outlook for both crude oil and natural gas in 2013, we believe this is an appropriate level of production growth. We plan to continue to pursue acquisition opportunities in core areas and rationalize non-core assets to enhance our portfolio and profitability.
- With an expected increase in funds flow, combined with a reduced capital spending program and maintenance of our dividend, we expect our adjusted pay-out ratio to improve to approximately 130% net of our Stock Dividend Program ("SDP"). We intend to continue to focus our portfolio and improve our cost structure to enhance the sustainability of our business.
- We have successfully managed our balance sheet throughout 2012. We continue to pursue joint venture opportunities and non-core asset sales in an effort to allow us to enhance shareholder value. Our debt to funds flow ratio is expected to be 1.9 times at the end of 2013 based upon current forward market commodity prices, our estimate of production and costs and before any additional acquisition or divestment activities
- We remain committed to providing a meaningful dividend to investors. Given the steps we have proactively taken to improve the sustainability of our business including the sale of non-core assets and reducing our capital spending plans, we currently have no plans to adjust our monthly dividend. We will continue to review dividend levels in the context of commodity prices, capital spending, cost structures and debt levels.
|Capital Expenditures ($millions)||$850||$685|
|Annual Average Daily Production (BOE/day)||82,000||82,000 - 85,000|
|Oil & Liquids Weighting||49%||50%|
|Exit Production (BOE/day)||85,000 - 88,000||84,000 - 88,000|
|Oil & Liquids Weighting||49%||50%|
|Adjusted Payout Ratio**||190%||130%|
|Debt/Funds Flow at Year-End||1.8x||1.9x|
Based upon forward commodity prices and forecast costs as of November 26, 2012 including the impact of hedging and does not include any acquisition or divestment activities not previously announced. Based upon our current capital spending plans for Q42012, forecast YE2012 debt is approximately $1.1 billion
** Adjusted payout ratio is calculated as the sum of dividends paid to shareholders, net of participation in the Stock Dividend Plan, plus capital expenditures divided by funds flow. See "Non-GAAP Measures" below.
We are targeting a capital spending program of $685 million in 2013. Through this spending, we expect to offset our corporate production decline rate of approximately 24% and grow production modestly by 2%. Approximately 85% of our program is currently planned to be directed to oil and liquids rich natural gas projects, with over 75% directed specifically to crude oil projects. Our capital program is based upon delivering a minimum internal rate of return of 25%.
The Fort Berthold region of North Dakota has delivered significant light oil production growth for Enerplus over the past two years. Through our 2012 drilling program, we have effectively managed our lease expirations in the region and grown production to approximately 14,000 BOE/day during the month of November. We expect to reduce capital spending by 25% to approximately $340 million next year as we focus on improving our costs and efficiencies while still delivering production growth. We're forecasting average daily production growth of 30% next year over expected 2012 average volumes. We plan to run a two-rig program targeting both the Bakken and Three Forks formations and expect to drill, complete and bring on-stream between 20 to 25 net wells at Fort Berthold next year. The majority of these wells will be long horizontal wells. We expect non-operating spending will represent approximately 15% of our total spending in this area in 2013.
We expect to continue to invest in our oil waterflood properties in Canada next year targeting a capital spending program of approximately $160 million similar to 2012 levels. Under our planned spending, we will continue to invest in drilling projects at Freda Lake in Saskatchewan and Medicine Hat, Giltedge and Pembina in Alberta. Waterflood optimization will remain a focus area as we continue to balance drilling activity with our pressure maintenance programs to effectively manage performance from these fields. Our volumes are expected to be modestly impacted next year as we plan to curtail approximately 400 BOE/day and 2 MMcf/day of natural gas at Pembina early in the first quarter as part of this on-going program. We anticipate that these volumes will be recovered over the course of the next 6 to18 months and believe this will result in better long-term recoveries. Finally, we plan to continue to advance on our existing polymer projects at Medicine Hat and Giltedge. Overall we have been encouraged by the performance of these projects. We plan to evaluate performance over the course of next year and if performance continues as we expect, would be in a position to consider expansion of the program.
We plan to reduce capital spending in the Marcellus region by over 50% to $80 million in 2013 directed to non-operated drilling projects in the northeast region of Pennsylvania. Through this drilling program, we expect to have retained the majority of what we believe to be core non-operated acreage by the end of 2013. We expect continued production growth from 55 MMcf/day currently to roughly 75 MMcf/day as we exit 2013. Given the lower operating costs associated with this production ($0.75/Mcf) and NYMEX based pricing, operating netbacks are currently averaging approximately $2.00/Mcf. As a result, our Marcellus production is expected to contribute to the increase in funds flow in 2013. We anticipate that 25% of our corporate natural gas production volumes will be attributable to the Marcellus in 2013. We continue to see positive results from our drilling program despite the delays associated with infrastructure in the region.
We expect to continue investing in the Deep Basin region in 2013 on both our operated and non-operated leases. Approximately $75 million will be allocated to develop natural gas projects with associated liquids. Based upon our success in the Wilrich play in Alberta in 2012, we are planning an additional 3 to 5 wells next year.
Approximately 75% of our capital spending is expected to be directed to drilling projects with around 90 net wells planned in 2013 with 80 net wells brought on-stream throughout the year. The program is weighted to the first half of the year with about one third of the capital planned for investment in the first quarter. We expect that approximately 75% of our capital spending will be directed to properties where we control the pace and level of spending. We expect to allocate less than $30 million to delineate our undeveloped acreage in 2013.
|2013 Capital Spending Breakdown||
|Development Drilling & Completions||$555|
|Exploration & Seismic||$30|
We expect to review our capital spending program on a regular basis throughout the year in the context of prevailing commodity prices, economic conditions and cost structures and may modify our spending plans as required.
We are forecasting average daily production of 82,000 to 85,000 BOE/day in 2013, a 2% increase over our estimated 2012 average daily production after adjusting for our recent acquisition and divestment activities. Crude oil production is expected to increase in 2013, averaging 38,000 bbls/day, up 2.5% from 2012. Oil production in the Fort Berthold region of North Dakota is expected to grow again in 2013 but at a slower pace than in 2012 given the reduced capital spending plans. Natural gas and natural gas liquids volumes are expected to remain flat year-over-year. The additional natural gas volumes associated with our 2012 Marcellus drilling program are anticipated to come on-stream during the first half of 2013 and are expected to offset the decline in our Canadian conventional natural gas properties. Total natural gas production is expected to average approximately 250 MMcf/day. Approximately 75% of our total production will be operated by Enerplus.
As we plan to spend a greater proportion of our capital spending in the first half of 2013, and given the variability and timing of our non-operated spending, we expect exit production in 2013 to range between 84,000 and 88,000 BOE/day.
Current Daily Production
Daily production during the month of November 2012 is estimated to be 86,000 BOE/day. Given the slow-down in drilling activity, we expect December production will be similar.
Operating costs are expected to average $10.70/BOE, unchanged from 2012 and general and administrative expenses are expected to average $3.40/BOE, up marginally from 2012. We expect our average royalty rate will increase slightly in 2013 due to an improvement in the natural gas price outlook and the increase in production associated with our U.S. operations which have higher royalty rates than our Canadian operations. Royalties are expected to average 21% of revenues. We have sufficient tax pools to shelter our funds flow in Canada in 2013 and beyond, and we expect U.S. cash taxes to be approximately 3% of our U.S. cash flow.
|2013 Forecast Expenses||2013E|
|Operating Costs ($/BOE)||$10.70|
|Cash General & Administrative Expenses ($/BOE)||$3.15|
|Non-cash General & Administrative Expenses ($/BOE)||$0.25|
|Cash Taxes ($MM)||$12|
|Interest Expense ($MM)||$65|
Funds Flow Growth
Based upon current forward commodity prices, we expect funds flow to grow in 2013 by 6% per debt-adjusted share. Improvements in natural gas prices as well as the growing NYMEX based natural gas production in the Marcellus are key factors contributing to this expected growth. Our hedging program is expected to provide support to this increase as we have 57% of our anticipated net oil production volumes hedged at a price of US$100.84 per barrel and 12% of our projected net natural gas volumes swapped at a fixed price of $3.63/Mcf and a further 11% of our projected net natural gas production hedged with put protection at $3.17/Mcf. We estimate that approximately 75% of the net operating income will be generated from our oil plays.
Est. effect on 2013
|Change of $5.00/bbl WTI crude oil||$0.14|
|Change of $0.50/Mcf AECO natural gas||$0.18|
|Change of 1,000 BOE/day production||$0.05|
|Change of $0.01 in the US$/CDN$ exchange rate||$0.05|
We have preserved our financial flexibility throughout 2012 through the sale of non-core assets, issuance of long-term debt and a reduction in our dividend. We expect to exit 2012 with a debt-to-funds flow ratio of 1.8 times which we anticipate is at the low end of our peer group. Our adjusted pay-out ratio is expected to drop significantly in 2013 to approximately 130% net of the participation in the SDP. In the context of current commodity prices, we expect a debt-funded shortfall of $200 million (funds flow including participation in the SDP less capital spending and dividends). We expect to continue to divest of non-core assets to offset our funding shortfall and to improve the concentration and focus within our portfolio. Our debt to funds flow ratio is expected to be 1.9 times at the end of 2013 before consideration of any joint venture, asset sale or acquisition activities.
Gordon J. Kerr
President & Chief Executive Officer
Currency, BOE and Operational Information
All dollar amounts or references to "$" in this news release are in Canadian dollars unless specified otherwise. Enerplus has adopted the standard of 6 Mcf:1 BOE when converting natural gas to BOEs. BOEs may be misleading particularly if used in isolation. A BOE conversion ratio of 6 Mcf:1 BOE is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value. Unless otherwise stated, all oil and gas production information and estimates are presented on a gross basis, before deducting royalty interests.
Cautionary Note Regarding Forward-Looking Information and Statements
This news release contains certain forward-looking information and statements (collectively, "forward-looking information") within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "budget", "guidance", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends", "strategy" and similar expressions are intended to identify forward-looking information. In particular, but without limiting the foregoing, this news release contains forward-looking information and statements pertaining to the following: future capital spending amounts, the timing and locations of such spending and the types of projects on which such capital will be spent; future growth in production, and cash flow and other anticipated growth opportunities; a financing strategy to fund anticipated capital expenditures, including funds raised from our Stock Dividend Plan; future oil, natural gas liquids and natural gas prices and production levels (including anticipated 2013 average daily and exit production rates), the product mix and sources of such production, and production decline rates; future drilling activities and results and undeveloped land acquisitions; future capital efficiencies, corporate netbacks and cash flow levels; rates of return from our investments; the expected ultimate recovery of oil or gas from a particular well; operating costs, general and administrative expenses and royalty expenses; sales of our non-core properties and the redeployment of proceeds realized therefrom; dividend payments made by Enerplus and the related adjusted payout ratio; the timing and payment of future taxes; our planned commodity risk management program; and future liquidity, debt levels, financial capacity and resources; and the completion of our proposed acquisition of additional working interests in Montana, including the terms and timing thereof.
The forward-looking information contained in this news release reflect several material factors and expectations and assumptions of Enerplus including, without limitation: that Enerplus will achieve operational, production and drilling results as anticipated; anticipated production decline rates; the general continuance of current or, where applicable, assumed industry conditions; commodity prices will remain within Enerplus' expected range of forecast prices, being the current forward market prices; availability of adequate cash flow, debt and/or equity sources to fund Enerplus' capital and operating requirements as needed and to pay dividends to shareholders as anticipated; the continuance of existing and, in certain circumstances, proposed tax and royalty regimes; availability of willing buyers for the properties proposed to be disposed of; that capital, operating, financing and third party service provider costs will not exceed Enerplus' current expectations; availability of third party service providers (including drilling rigs and service crews) and cooperation of industry partners; certain foreign exchange rate and other cost assumptions. Enerplus believes the material factors, expectations and assumptions reflected in the forward-looking information are reasonable at this time but no assurance can be given that these factors, expectations and assumptions will prove to be correct.
The forward-looking information included in this news release is not a guarantee of future performance and should not be unduly relied upon. Such information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, without limitation: changes in commodity prices; unanticipated operating or drilling results or production declines; potential redeployment of available funding to alternative projects; changes in tax or environmental laws or royalty rates; increased debt levels or debt service requirements; insufficient available cash to pay dividends as currently anticipated; inaccurate estimation of or changes to estimates of Enerplus' oil and gas reserve and resource volumes and the assumptions relating thereto; limited, unfavourable or no access to debt or equity capital markets; increased costs and expenses; a shortage of third party service providers; the impact of competitors; reliance on industry partners; an inability to agree to terms with potential buyers of investments or assets that may be disposed of; and certain other risks detailed from time to time in Enerplus' public disclosure documents including, without limitation, those risks identified in our MD&A for the year ended December 31, 2011 and in Enerplus' Annual Information Form dated March 9, 2012 for the year ended December 31, 2011, copies of which are available on Enerplus' SEDAR profile at www.sedar.com and which also form part of Enerplus' annual report on Form 40-F for the year ended December 31, 2011 filed with the United States Securities and Exchange Commission, a copy of which is available at www.sec.gov.
The forward-looking information contained in this news release speaks only as of the date of this news release, and Enerplus assumes no obligation to publicly update or revise such information to reflect new events or circumstances, except as may be required pursuant to applicable laws.
Any financial outlook or future oriented financial information in this news release, as defined by applicable securities legislation, has been approved by management of Enerplus. Such financial outlook or future oriented financial information is provided for the purpose of providing information about management's reasonable expectations as to the anticipated results of its proposed business activities for 2013. Readers are cautioned that reliance on such information may not be appropriate for other purposes.
Enerplus utilizes the following terms for measurement within this news release that do not have a standardized meaning or definition as prescribed by IFRS and therefore may not be comparable with the calculation of similar measures by other entities
We use the term "adjusted payout ratio" to measure operating performance, leverage and liquidity. We calculate "adjusted payout ratio" is calculated as dividends paid to shareholders net of the participation in the Stock Dividend Plan plus capital expenditures divided by funds flow. The term "adjusted payout ratio" does not have a standardized meaning or definition as prescribed by IFRS and therefore may not be comparable with the calculation of similar measures by other entities.
Netback is used to measure operating performance and is calculated by subtracting Enerplus' expected royalties and operating costs from the anticipated revenues in respect of the relevant properties. The term "netback" does not have a standardized meaning or definition as prescribed by IFRS and therefore may not be comparable with the calculation of similar measures by other entities.
SOURCE Enerplus Corporation
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
Dec. 2, 2016 12:11 PM EST Reads: 129
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
Dec. 2, 2016 12:00 PM EST Reads: 1,823
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 2, 2016 12:00 PM EST Reads: 120
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
Dec. 2, 2016 11:45 AM EST Reads: 1,450
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and G...
Dec. 2, 2016 11:30 AM EST Reads: 1,842
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Dec. 2, 2016 11:00 AM EST Reads: 392
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
Dec. 2, 2016 10:45 AM EST Reads: 1,590
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Dec. 2, 2016 10:30 AM EST Reads: 1,897
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Dec. 2, 2016 10:15 AM EST Reads: 2,020
Businesses and business units of all sizes can benefit from cloud computing, but many don't want the cost, performance and security concerns of public cloud nor the complexity of building their own private clouds. Today, some cloud vendors are using artificial intelligence (AI) to simplify cloud deployment and management. In his session at 20th Cloud Expo, Ajay Gulati, Co-founder and CEO of ZeroStack, will discuss how AI can simplify cloud operations. He will cover the following topics: why clou...
Dec. 2, 2016 10:00 AM EST Reads: 501
As ridesharing competitors and enhanced services increase, notable changes are occurring in the transportation model. Despite the cost-effective means and flexibility of ridesharing, both drivers and users will need to be aware of the connected environment and how it will impact the ridesharing experience. In his session at @ThingsExpo, Timothy Evavold, Executive Director Automotive at Covisint, discussed key challenges and solutions to powering a ride sharing and/or multimodal model in the age ...
Dec. 2, 2016 10:00 AM EST Reads: 1,069
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Dec. 2, 2016 09:30 AM EST Reads: 568
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Dec. 2, 2016 09:30 AM EST Reads: 703
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Dec. 2, 2016 09:30 AM EST Reads: 2,108
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
Dec. 2, 2016 09:17 AM EST Reads: 225
We are always online. We access our data, our finances, work, and various services on the Internet. But we live in a congested world of information in which the roads were built two decades ago. The quest for better, faster Internet routing has been around for a decade, but nobody solved this problem. We’ve seen band-aid approaches like CDNs that attack a niche's slice of static content part of the Internet, but that’s it. It does not address the dynamic services-based Internet of today. It does...
Dec. 2, 2016 09:15 AM EST Reads: 777
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, drew together recent research and lessons learned from emerging and established compa...
Dec. 2, 2016 09:00 AM EST Reads: 684
Connected devices and the industrial internet are growing exponentially every year with Cisco expecting 50 billion devices to be in operation by 2020. In this period of growth, location-based insights are becoming invaluable to many businesses as they adopt new connected technologies. Knowing when and where these devices connect from is critical for a number of scenarios in supply chain management, disaster management, emergency response, M2M, location marketing and more. In his session at @Th...
Dec. 2, 2016 08:15 AM EST Reads: 3,899
"Dice has been around for the last 20 years. We have been helping tech professionals find new jobs and career opportunities," explained Manish Dixit, VP of Product and Engineering at Dice, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 2, 2016 08:15 AM EST Reads: 764
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 2, 2016 06:00 AM EST Reads: 395