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Birmingham Bloomfield Bancshares, Inc. Announces Record Pre-Tax Income for 2012

BIRMINGHAM, MI -- (Marketwire) -- 01/28/13 -- Birmingham Bloomfield Bancshares, Inc. (OTCQB: BBBI) ("the Company"), the holding company for Bank of Birmingham, today announced unaudited results for the quarter and year to date periods ended December 31, 2012. The performance delivered record pre-tax net income and significant growth in the loan portfolio.

The Company reported net income of $337,000 or $0.18 per common share for the fourth quarter of 2012 compared to net income of $2,965,000 or $1.64 per common share for the same period of 2011. Net income for the year to date period ended December 31, 2012 was $1,019,000 or $0.56 per common share compared to $3,750,000 or $2.08 per common share for the same period last year. The prior year results were positively impacted by the recognition of the Company's deferred tax asset recorded in the fourth quarter of 2011; the adjustment totaled $2,885,000 or $1.60 per share. Excluding the impact of income taxes, pre-tax net income before preferred dividends was $1,614,000 for the period ended December 31, 2012 compared to $1,049,000 for 2011. This represents a year over year increase of 53.8%.

Chief Executive Officer, Rob Farr, issued the results and commented, "2012 was a very successful year for the organization. We were able to report record pre-tax earnings, realize substantial growth in total assets as a result of quality loan opportunities and improve net interest margin by implementing strategic actions to enhance the profitability of the balance sheet. Our pre-tax, pre-provision Return on Average Assets for 2012 was 1.48% compared to 1.08% in 2011 and book value reached $6.79. We also expanded our product options during the year to better service the needs of the community and diversify our revenue sources. Overall, this was an outstanding year for the Bank and provides us momentum moving into 2013."

Results of Operation

The Company reported net interest income of $1.544 million for the fourth quarter of 2012, a 14.3% increase relative to the same quarter of 2011. The improvement was the result of portfolio loan growth and a reduction in funding costs. Net interest margin for the quarter was 4.59% compared to 4.65% for the most recent linked quarter. The compression was a result of the competitive pricing environment and product mix of the balance sheet. Net interest income for the full year of 2012 was $5.940 million, an increase of 15.5% compared to the same period of 2011. Net interest margin for the year to date period ended December 31, 2012 was 4.73% compared to 4.51% in 2011. The increased margin was a direct result of a reduction in deposit costs.

The Company provided $70,000 in provision expense during the fourth quarter of 2012, a decrease of $5,000 compared to the same period last year and $260,000 less than the third quarter of 2012. Total provision expense for the year to date period ending December 31, 2012 was $470,000, compared to $234,000 for the twelve month period in 2011. The increase in provision expense is attributable to new loan volume and additional reserve requirements on collaterally deficient impaired loans. There have been no net charge offs during 2012 compared to $108,000 for 2011.

The Company continues to generate substantial revenue from non-interest income activity. Total non-interest income for the fourth quarter of 2012 was $348,000, compared to $309,000 during the same period of 2011. The increase was a result of higher revenue from the sale of SBA and residential mortgage loans in the secondary market and earnings on Bank Owned Life Insurance. Total non-interest income for the year to date period ending December 31, 2012 was $1,243,000, an increase of $10,000 from 2011. The modest improvement was a function of an increase in deposit fee income, earnings on Bank Owned Life Insurance and gain on the sale of a bank owned property, despite a reduction in revenue from loan sales on SBA and residential mortgages due to lower volume.

Total non-interest expense for the fourth quarter of 2012 was $1.296 million, compared to $1.484 million for the same quarter of 2011. The decrease was a result of a reduction in the number of personnel and lower origination costs due to a decrease in loan volume associated with mortgage loans originated for sale. Year to date non-interest expense for 2012 was $5.098 million, an increase of $7,000 relative to the same period in 2011. The nominal increase was the result of investments in operating system technology, dedicating resources to business marketing efforts and additional professional fees associated with strategic initiatives. However, several categories did experience a decrease in costs during the period, including salaries and occupancy expense due to a reduction in personnel and elimination of loan production offices.

Balance Sheet

Total assets as of December 31, 2012 were $152.8 million, a 22.8% increase from December 31, 2011. The net growth in total assets was the result of an increase in loan and deposit balances. Total portfolio loans reached $128.3 million in 2012, an increase of $21.9 million from the prior year. The growth was primarily concentrated in commercial real estate and mortgage related loans. The new loan activity was achieved by focusing on organic opportunities in our core markets, increasing business development efforts and by expanding loan product options. The asset quality of the Company remains excellent; no charge offs were reported in 2012 and the allowance for loan loss was 1.59% of the portfolio. Total deposits as of December 31, 2012 were $134.9 million, an increase of 25.3% from the same period in 2011. The Bank continues to be classified as well capitalized based on regulatory guidelines and the Tier 1 ratio was 9.03% for the quarter.

Birmingham Bloomfield Bancshares, Inc. is the holding company for Bank of Birmingham, a full-service community bank serving Oakland County. Bank of Birmingham is dedicated to providing financial services to small and medium sized businesses; their owners and employees; professionals; and individuals who work or reside in the Oakland County market area. Every Bank of Birmingham customer has a relationship manager who serves a single point of contact empowered to provide all the bank's services. Birmingham Bloomfield Bancshares, Inc. marketmakers include Raymond James, Chicago; Monroe Securities, Chicago; Boenning & Scattergood, Philadelphia; Stockcross Financial Services.

Forward-Looking Statements

This news release contains comments or information that constitute forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995), which involve significant risks and uncertainties. Actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include: changes in interest rates and interest-rate relationships; changes in the national and local economy; demand for products and services; the degree of competition by traditional and non-traditional competitors; changes in banking regulations; changes in tax laws; changes in prices, levies, and assessments; our ability to successfully integrate acquisitions into our existing operations, and the availability of new acquisitions, joint ventures and alliance opportunities; the impact of technological advances; governmental and regulatory policy changes; the outcomes of contingencies; trends in customer behavior as well as their ability to repay loans; and other factors included in the Company's filings with the Securities and Exchange Commission, available free via EDGAR. The Company assumes no responsibility to update forward-looking statements.

(Unaudited Consolidated Financial Statements Follow)


                   Birmingham Bloomfield Bancshares, Inc.
                   Consolidated Balance Sheet (Unaudited)



                                                December 31,   December 31,
                                                    2012           2011
                                               -------------  -------------
ASSETS
    Cash and due from banks                    $  15,539,072  $   4,693,585
    Federal funds sold                                     -              -
                                               -------------  -------------
  Total cash and cash equivalents                 15,539,072      4,693,585

    Securities available-for-sale                  3,725,923      4,594,761
    Securities held-to-maturity                            -              -
    Federal Home Loan Bank Stock                     218,100        169,900
                                               -------------  -------------
  Total securities                                 3,944,023      4,764,661

  Loans held for sale                                      -      2,484,829

  Portfolio loans
    Consumer loans                                 1,801,991      1,305,501
    Mortgage loans                                16,203,001     11,572,620
    Commercial loans                             110,272,450     93,419,805
                                               -------------  -------------
  Total loans                                    128,277,442    106,297,926
    Less: Allowance for loan loss                  2,044,350      1,574,350
                                               -------------  -------------
  Net loans                                      126,233,092    104,723,576

    Premises and equipment, net                    1,277,802      1,395,187
    Bank owned life insurance                      2,182,513      2,100,000
    Accrued interest receivable and other
     assets                                        3,596,576      4,235,623
                                               -------------  -------------

  TOTAL ASSETS                                 $ 152,773,078  $ 124,397,461
                                               =============  =============



LIABILITIES
  Deposits
    Noninterest-bearing                        $  23,947,132  $  19,662,283
    Interest-bearing                             110,955,051     88,015,546
                                               -------------  -------------
  Total deposits                                 134,902,183    107,677,829

    Short term borrowings                                  -              -
    Accrued interest payable, taxes and other
     liabilities                                     867,356        755,090
                                               -------------  -------------
  Total liabilities                              135,769,539    108,432,919

SHAREHOLDERS' EQUITY
    Senior preferred stock, series D               4,621,000      4,621,000
    Common Stock, no par value                    17,105,618     17,066,618
    Authorized - 9,000,000 shares, Issued and
     outstanding - 1,824,662 and 1,812,662
     shares respectively
    Accumulated other comprehensive income            76,066         95,168
    Additional paid in capital - share based
     payments                                        493,154        493,154
    Accumulated deficit                           (5,292,299)    (6,311,398)
                                               -------------  -------------
  Total shareholders' equity                      17,003,539     15,964,542
                                               -------------  -------------

  TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY   $ 152,773,078  $ 124,397,461
                                               =============  =============

Book value per share                           $        6.79  $        6.26



                   Birmingham Bloomfield Bancshares, Inc.
                Consolidated Statement of Income (Unaudited)

                             For the three months    For the twelve months
                                    ended                    ended
                           -----------------------  -----------------------
                                 December 31,             December 31,
                           -----------------------  -----------------------
                               2012        2011         2012        2011
                           ----------- -----------  ----------- -----------
Interest Income
    Interest and fees on
     loans
      Commercial loans     $ 1,521,837 $ 1,447,603  $ 5,943,977 $ 5,681,704
      Installment loans         22,447      18,791       75,083      61,959
      Mortgage loans            85,839      29,878      266,934      86,382
      Home Equity loans         85,124      96,215      363,494     385,921
      Late charges and
       fees                     23,303       6,370       85,786      27,610
                           ----------- -----------  ----------- -----------
  Total loan interest and
   fee income                1,738,550   1,598,857    6,735,274   6,243,576

    Interest bearing
     deposits                    7,572       5,059       21,479      20,350
    Federal Funds Sold               -           -            -          13

    Interest on investment
     securities
      Taxable                   23,424      24,237       95,673      99,023
      Tax-exempt                   985       1,808        3,985       2,216
                           ----------- -----------  ----------- -----------
  Total investment income       24,409      26,045       99,658     101,239

  Total interest income      1,770,532   1,629,961    6,856,412   6,365,178

Interest Expense
    Interest on deposits       227,006     279,386      916,561   1,208,513
    Interest on borrowed
     funds                           -         196           64      14,705
                           ----------- -----------  ----------- -----------
  Total interest expense       227,006     279,582      916,625   1,223,218
                           ----------- -----------  ----------- -----------

  Net Interest Income        1,543,526   1,350,379    5,939,787   5,141,960
    Provision for loan
     losses                     70,000      75,000      470,000     234,000
                           ----------- -----------  ----------- -----------
  Net Interest Income
   After Provision for
   Loan Losses               1,473,526   1,275,379    5,469,787   4,907,960

Non-interest Income
    Service charge income       19,912      16,074       78,622      55,443
    Mortgage banking
     activities                 81,525     267,193      355,557     434,338
    SBA loan sales             215,618      14,704      537,466     701,588
    Other income                30,603      10,973      271,336      41,399
                           ----------- -----------  ----------- -----------
  Total non-interest
   income                      347,658     308,944    1,242,981   1,232,768

Non-interest Expense
    Salaries and employee
     benefits                  631,181     800,178    2,686,254   2,755,204
    Occupancy expense          124,336     129,655      481,140     518,634
    Equipment expense           50,886      47,364      201,115     180,674
    Advertising                100,618      81,057      272,798     191,076
    Data Processing             79,730      56,227      259,949     223,179
    Professional fees          125,918     110,035      504,547     473,438
    Loan origination
     expense                    40,312     138,051      195,459     224,324
    Regulatory Assessments      31,377      12,010      105,622     127,941
    Other expense              111,165     109,302      391,528     396,805
                           ----------- -----------  ----------- -----------
  Total non-interest
   expense                   1,295,523   1,483,879    5,098,412   5,091,275

  Net Income Before Income
   Taxes                       525,661     100,444    1,614,356   1,049,453
    Income tax expense
     (benefit)                 177,417  (2,884,715)     538,768  (2,884,715)
                           ----------- -----------  ----------- -----------
  Net Income                   348,244   2,985,159    1,075,588   3,934,168
    Dividend and accretion
     on preferred stock         11,553      19,732       56,489     184,092
                           ----------- -----------  ----------- -----------
  Net Income applicable to
   common shareholders     $   336,691 $ 2,965,427  $ 1,019,099 $ 3,750,076
                           =========== ===========  =========== ===========

Income per share - basic   $      0.18 $      1.64  $      0.56 $      2.08



                   Birmingham Bloomfield Bancshares, Inc.
             Financial Summary and Selected Ratios (Unaudited)
                (Dollars in thousands except per share data)

                                              Year to Date
                             ----------------------------------------------
                                  December 31,               Change
                             ----------------------  ----------------------
                                2012        2011       Amount    Percentage
                             ----------  ----------  ----------  ----------
INCOME STATEMENT
     Interest Income         $    6,856  $    6,365  $      491         7.7%
     Interest Expense               917       1,223        (307)      -25.1%
                             ----------  ----------  ----------
   Net Interest Income            5,940       5,142         798        15.5%
     Provision for loan loss        470         234         236       100.9%
     Non-interest income          1,243       1,233          10         0.8%
     Non-interest expense         5,098       5,091           7         0.1%
                             ----------  ----------  ----------
   Net Income before Income
    Taxes                         1,614       1,049         565        53.8%
     Income tax expense
      (benefit)                     539      (2,885)      3,423       118.7%
                             ----------  ----------  ----------
   Net Income                     1,076       3,934      (2,859)      -72.7%
     Dividend and accretion
      on preferred stock             56         184        (128)      -69.3%
                             ----------  ----------  ----------
   Net Income - common
    shareholders             $    1,019  $    3,750  $   (2,731)      -72.8%
                             ----------  ----------  ----------

   Income per share - basic
    & diluted                $     0.56  $     2.08  $    (1.52)      -73.1%
                             ----------  ----------  ----------

BALANCE SHEET DATA
   Total assets                 152,773     124,397      28,376        22.8%
   Average Assets               140,400     119,347      21,053        17.6%
   Total loans                  128,277     106,298      21,980        20.7%
   Allowance for loan loss
    (ALLL)                        2,044       1,574         470        29.9%
   Total deposits               134,902     107,678      27,224        25.3%
   Other borrowings                   -           -           -         0.0%
   Shareholders' equity          17,004      15,965       1,039         6.5%
   Average Equity                16,543      12,196       4,347        35.6%

ASSET QUALITY
   Other real estate owned
    (OREO)                            -         298        (298)     -100.0%
   Net charge-offs                    -         108        (108)     -100.0%
   Non-accrual loans                764           -         764         0.0%
(2)Non-performing assets
    (NPA)                           764         298         466       156.3%
   Non-accrual loans / total
    loans                          0.60%       0.00%       0.60%        0.0%
   Allowance for loan loss /
    total loans                    1.59%       1.48%       0.11%        7.6%

PERFORMANCE MEASUREMENTS
   Net interest margin (tax
    equivalent)                    4.73%       4.51%       0.22%        4.9%
(1)Return on average assets
    (annualized)                   0.77%       3.30%      -2.53%      -76.6%
(3)Return on average assets
    (annualized)                   1.48%       1.08%       0.40%       37.6%
(1)Return on average common
    equity (annualized)            9.02%      47.59%     -38.57%      -81.0%
(3)Return on average common
    equity (annualized)           17.48%      15.52%       1.96%       12.6%
   Efficiency ratio                71.0%       79.9%      -8.89%      -11.1%
   Total loans / Total
    deposits                       95.1%       98.7%      -3.63%       -3.7%
   Tier 1 Leverage Ratio
    (Bank only)                    9.03%       9.94%      -0.91%      -9.15%
   Equity / Assets                11.13%      12.83%      -1.70%      -13.3%
   Tangible common equity /
    Total assets                   8.11%       9.12%      -1.01%      -11.1%

   Book value per share      $     6.79  $     6.26  $     0.53         8.4%
   Stock price               $     4.60  $     3.00  $     1.60        53.3%
   Stock price / book value
    (%)                            67.8%       47.9%      19.85%       41.4%
   Income (loss) per share -
    basic & diluted          $     0.56  $     2.08  $    (1.52)      -73.1%
   Price to earnings ratio
    (P/E)                          8.2x        1.4x        6.8x       470.1%
   Shares outstanding         1,824,662   1,812,662      12,000         0.7%
   Average shares
    outstanding               1,822,376   1,803,608      18,768         1.0%

(1) Amount is computed on net income before preferred dividends.
(2) Non-performing assets includes non-accrual loans and other real estate
    owned.
(3) Amount is computed on pre-tax, pre-provision earnings before preferred
    dividends



                   Birmingham Bloomfield Bancshares, Inc.
             Financial Summary and Selected Ratios (Unaudited)
                (Dollars in thousands except per share data)

                                          Quarter Ended
                     ------------------------------------------------------
                      December   September                        December
                         31,        30,     June 30,   March 31,     31,
                        2012       2012       2012       2012       2011
                     ---------- ---------- ---------- ---------- ----------
INCOME STATEMENT
     Interest Income $    1,771 $    1,746 $    1,719 $    1,621 $    1,630
     Interest
      Expense               227        239        223        228        280
                     ---------- ---------- ---------- ---------- ----------
   Net Interest
    Income                1,544      1,507      1,496      1,394      1,350
     Provision for
      loan loss              70        330         50         20         75
     Non-interest
      income                348        300        112        484        309
     Non-interest
      expense             1,296      1,248      1,216      1,338      1,484
                     ---------- ---------- ---------- ---------- ----------
   Net Income before
    Income Taxes            526        228        341        519        100
     Income tax
      expense
      (benefit)             177         79        111        171     (2,885)
                     ---------- ---------- ---------- ---------- ----------
   Net Income               348        150        230        348      2,985
     Dividend and
      accretion on
      preferred
      stock                  12         12         22         12         20
                     ---------- ---------- ---------- ---------- ----------
   Net Income
    applicable to
    common
    shareholders     $      337 $      138 $      208 $      336 $    2,965
                     ========== ========== ========== ========== ==========

   Income per share
    - basic &
    diluted          $     0.18 $     0.08 $     0.11 $     0.19 $     1.64
                     ========== ========== ========== ========== ==========

BALANCE SHEET DATA
   Total assets         152,773    148,497    139,851    128,663    124,397
   Average Assets       154,452    146,057    134,375    126,499    123,317
   Total loans          128,277    118,440    113,074    106,628    106,298
   Allowance for
    loan loss (ALLL)      2,044      1,974      1,644      1,594      1,574
   Total deposits       134,902    131,147    122,650    111,774    107,678
   Other borrowings           -          -          -          -          -
   Shareholders'
    equity               17,004     16,682     16,546     16,297     15,965
   Average Equity        16,822     16,728     16,410     16,206     13,584

ASSET QUALITY
   Other real estate
    owned (OREO)              -          -          -          -        298
   Net charge-offs            -          -          -          -          -
   Non-accrual loans        764        708          -          -          -
(2)Non-performing
    assets (NPA)            764        708          -          -        298
   Non-accrual loans
    / total loans          0.60%      0.60%      0.00%      0.00%      0.00%
   Allowance for
    loan loss /
    total loans            1.59%      1.67%      1.45%      1.50%      1.48%

PERFORMANCE
 MEASUREMENTS
   Net interest
    margin (tax
    equivalent)            4.59%      4.65%      4.91%      4.80%      4.61%
(1)Return on average
    assets
    (annualized)           0.90%      0.41%      0.69%      1.11%      9.60%
(3)Return on average
    assets
    (annualized)           1.53%      1.52%      1.17%      1.71%      0.56%
(1)Return on average
    common equity
    (annualized)          11.35%      4.92%      7.84%     12.08%    132.13%
(3)Return on average
    common equity
    (annualized)          19.42%     18.35%     13.34%     18.72%      7.77%
   Efficiency ratio        68.5%      69.1%      75.7%      71.3%      89.4%
   Total loans /
    Total deposits         95.1%      90.3%      92.2%      95.4%      98.7%
   Tier 1 Leverage
    Ratio (Bank
    only)                  9.03%      9.20%      9.82%     10.13%      9.94%
   Equity / Assets        11.13%     11.23%     11.83%     12.67%     12.83%
   Tangible common
    equity / Total
    assets                 8.11%      8.12%      8.53%      9.07%      9.12%

   Book value per
    share            $     6.79 $     6.61 $     6.54 $     6.44 $     6.26
   Stock price       $     4.60 $     4.55 $     3.30 $     3.02 $     3.00
   Stock price /
    book value (%)         67.8%      68.8%      50.5%      46.9%      47.9%
   Income (loss) per
    share - basic &
    diluted          $     0.18 $     0.08 $     0.11 $     0.19 $     1.64
   Shares
    outstanding       1,824,662  1,824,662  1,824,662  1,812,662  1,812,662
   Average shares
    outstanding       1,824,662  1,824,662  1,816,222  1,812,662  1,812,662


(1) Amount is computed on net income before preferred dividends.
(2) Non-performing assets includes non-accrual loans and other real estate
    owned.
(3) Amount is computed on pre-tax, pre-provision earnings before preferred
    dividends

Contact:
Robert M. Farr
Chief Executive Officer
Birmingham Bloomfield Bancshares, Inc.
248-283-6430

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“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.
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential.
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Nigeria has the largest economy in Africa, at more than US$500 billion, and ranks 23rd in the world. A recent re-evaluation of Nigeria's true economic size doubled the previous estimate, and brought it well ahead of South Africa, which is a member (unlike Nigeria) of the G20 club for political as well as economic reasons. Nigeria's economy can be said to be quite diverse from one point of view, but heavily dependent on oil and gas at the same time. Oil and natural gas account for about 15% of Nigera's overall economy, but traditionally represent more than 90% of the country's exports and as...
The Internet of Things is a misnomer. That implies that everything is on the Internet, and that simply should not be - especially for things that are blurring the line between medical devices that stimulate like a pacemaker and quantified self-sensors like a pedometer or pulse tracker. The mesh of things that we manage must be segmented into zones of trust for sensing data, transmitting data, receiving command and control administrative changes, and peer-to-peer mesh messaging. In his session at @ThingsExpo, Ryan Bagnulo, Solution Architect / Software Engineer at SOA Software, focused on desi...
"At our booth we are showing how to provide trust in the Internet of Things. Trust is where everything starts to become secure and trustworthy. Now with the scaling of the Internet of Things it becomes an interesting question – I've heard numbers from 200 billion devices next year up to a trillion in the next 10 to 15 years," explained Johannes Lintzen, Vice President of Sales at Utimaco, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
"For over 25 years we have been working with a lot of enterprise customers and we have seen how companies create applications. And now that we have moved to cloud computing, mobile, social and the Internet of Things, we see that the market needs a new way of creating applications," stated Jesse Shiah, CEO, President and Co-Founder of AgilePoint Inc., in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Gridstore™, the leader in hyper-converged infrastructure purpose-built to optimize Microsoft workloads, 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. Gridstore™ is the leader in hyper-converged infrastructure purpose-built for Microsoft workloads and designed to accelerate applications in virtualized environments. Gridstore’s hyper-converged infrastructure is the industry’s first all flash version of HyperConverged Appliances that include both compute and storag...
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...
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...
Code Halos - aka "digital fingerprints" - are the key organizing principle to understand a) how dumb things become smart and b) how to monetize this dynamic. In his session at @ThingsExpo, Robert Brown, AVP, Center for the Future of Work at Cognizant Technology Solutions, outlined research, analysis and recommendations from his recently published book on this phenomena on the way leading edge organizations like GE and Disney are unlocking the Internet of Things opportunity and what steps your organization should be taking to position itself for the next platform of digital competition.
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
As the Internet of Things unfolds, mobile and wearable devices are blurring the line between physical and digital, integrating ever more closely with our interests, our routines, our daily lives. Contextual computing and smart, sensor-equipped spaces bring the potential to walk through a world that recognizes us and responds accordingly. We become continuous transmitters and receivers of data. In his session at @ThingsExpo, Andrew Bolwell, Director of Innovation for HP's Printing and Personal Systems Group, discussed how key attributes of mobile technology – touch input, sensors, social, and ...