Welcome!

Java IoT Authors: Tim Hinds, Elizabeth White, Yeshim Deniz, Douglas Lyon, Stackify Blog

News Feed Item

Blyth, Inc. Reports 3rd Quarter Sales Increase Of 40%

3rd Quarter Normalized Operating Profit Increased Over 300% Versus Prior Year

GREENWICH, Conn., Nov. 6, 2012 /PRNewswire-FirstCall/ -- Blyth, Inc. (NYSE: BTH), a direct to consumer company and leading designer and marketer of candles, accessories for the home, and health and wellness products, today reported earnings for the third quarter.  Net Sales for the three months ended September 30, 2012 increased 40% to $268.8 million versus $191.5 million for the comparable prior year period primarily due to the 132% year-over-year sales growth at ViSalus.  International sales for Blyth represented 25% of third quarter sales this year compared to 34% last year, driven by ViSalus' strong domestic sales growth.

Commenting on the very strong third quarter sales growth, Robert B. Goergen, Chairman & CEO noted, "We are extremely gratified that ViSalus continues to grow well beyond our initial expectations for North America and fully expect growth to continue in that region going forward.  Moreover, as ViSalus initiates its global expansion outside North America in the first half of 2013, we expect strong sales growth trends to prevail."  Reflecting on last weekend's National Success Training, ViSalus' CEO Ryan Blair said, "The record Promoter turnout in St. Louis demonstrates the continued appeal that the Body by Vi™ 90 Day Challenge holds for our Promoters and customers and underscores our confidence in the continued growth potential of the North American market."

On October 29th, after the close of the third quarter, the Company announced the sale of its Sterno subsidiary to Candle Lamp Company LLC for $23.5 million in cash, completing Blyth's strategic transformation from a multi-channel marketing company to a direct-to-consumer marketing company focused on the direct selling and direct marketing channels of distribution.  As such, Sterno's operating results have been presented as discontinued operations for all periods shown.

Operating Profit for the third quarter was $7.8 million this year versus a loss of $4.9 million last year and includes the following pre-tax items:

  • Fees of $4.7 million related to the ViSalus initial public offering, which was withdrawn on September 26th
  • A ViSalus equity incentive credit of $3.4 million this year and a charge of $7.3 million last year
  • Restructuring charges of $0.7 million for PartyLite this year, and
  • An intangible impairment charge of $0.8 million in the Catalog & Internet Segment.

Excluding the impact of these charges and credit, operating profit would have been $10.6 million this year versus $2.4 million last year.  The increase in operating profit is due to the growth of ViSalus.

Net Earnings attributable to Blyth, Inc. for the third quarter was $0.7 million compared to a net loss of $5.6 million for the prior year.  Diluted earnings per share for the third quarter were $0.04 this year compared to a loss of $0.34 last year.  This year's earnings per share includes $0.12 for IPO related fees, a $0.06 equity incentive credit versus a $0.12 charge last year, $0.03 PartyLite restructuring charges and $0.03 Catalog & Internet intangible impairment charge.  During the third quarter, the Company recorded an after-tax profit from discontinued operations for Sterno of $0.03 per share this year and an after-tax loss from discontinued operations of Sterno, Midwest-CBK and Boca Java of $0.02 per share last year.  Normalized earnings per share before the aforementioned charges, credit and discontinued operations were $0.13 this year versus a loss of $0.20 in last year's comparable quarter.

The summary reconciliation of unaudited Generally Accepted Accounting Principles (GAAP) earnings and earnings per share to Non-GAAP earnings and earnings per share presented in the attached table is included as an additional reference to assist investors in analyzing the Company's performance and should be considered in addition to, not a substitute for, measures of financial performance prepared in accordance with GAAP.  In presenting comparable results, the Company discloses non-GAAP financial measures when it believes such measures will be useful to investors in evaluating the Company's underlying business performance.  Management internally reviews the results of the Company excluding the impact of certain items as it believes that these non-GAAP financial measures are useful for evaluating the Company's core operating results and facilitating comparison across reporting periods.

Third Quarter Segment Performance

In the Direct Selling segment, third quarter net sales increased 49% to $239.4 million versus $161.2 million for the same period last year due to significant sales growth at ViSalus. 

Sales at ViSalus were $169.9 million in this year's third quarter versus $73.2 million for the same period last year, an increase of 132%.  ViSalus had over 110,000 independent Promoters at the end of the third quarter, more than double the 52,000 promoters on board at the end of the prior year's third quarter.

Total PartyLite third quarter sales of $69.5 million, versus $88.0 million last year, declined 21%, reflecting the lack of consumer resiliency in the face of economic uncertainty, exacerbated by unfavorable currency movement.  PartyLite's European sales during the quarter declined 13% in local currency, or 23% in U.S. dollars, as consultants continued to have difficulty booking shows and reduced their efforts to sponsor new consultants, most notably in our largest markets in Europe, as evidenced by the results in our French and German markets which were the largest contributors to the year-over-year revenue decline.  That said, we are encouraged by the growth in both sales and recruiting in the majority of PartyLite's Nordic markets, and heartened by our initial results in Italy, as well as continued growth in the more established Australian market.  PartyLite's European active independent sales consultants total over 24,000 this year versus approximately 27,000 last year.  PartyLite's U.S. sales declined 16% versus the prior year period largely due to the ongoing consumer malaise in North America. Active U.S. independent sales consultants total over 13,000 in the U.S. this year versus over 16,000 last year.  At PartyLite Canada, sales declined 25% in both local currency and in U.S. dollars during the quarter, with active independent sales consultants totaling over 3,000 this year versus approximately 4,000 last year.

Commenting on the third quarter performance, Robert B. Goergen, Jr., President, PartyLite Worldwide said, "The economic and geo-political uncertainty in Europe, which has cast a negative shadow of sentiment throughout 2012, contributed to our consultants' adopting a short-term focus.  As they pursued individual sales results, it was at the expense of investing in their future success by not effectively leveraging their efforts to build their teams.  And, while this approach has resulted in higher individual productivity, as measured by average order size, it has temporarily sacrificed the longer-term benefits of building a healthy and substantive downline organization.  As such, we have redirected much of our sales commissioning, promotional messaging and leadership training to assist those consultants that are newer to the business so that they can focus on the lasting results of successful recruiting and team building, and to remain engaged in this difficult economic environment."

Turning to the U.S. market, Mr. Goergen continued, "We continue to have a very strong product offering which contains new fragrances and forms including, most notably, our extended line of translucent GloLite by PartyLite® candles, and have implemented a number of initiatives to stabilize and revitalize the PartyLite business in the U.S.  While still early in the process, these efforts are contributing to a moderation in the recent sales decline, but are incomplete in stabilizing and returning the North American business to growth.  As such, we are not only moving forward with exciting new product launches in Q4 and the first half of 2013, but also continuing to invest in compelling tools for our consultants to leverage their efforts in both sponsoring and personal sales.  Further, we are aggressively moving forward with similar and robust initiatives in Europe, including the implementation of online ordering, which today comprises 25% of U.S. sales, and the establishment of consultant websites to facilitate complementary sales.  While the party plan format remains essential to the PartyLite business, successful direct sellers today are reaching their customers in a variety of ways and PartyLite is ensuring its consultants have the tools and online applications necessary to accomplish this."

In the Direct Selling segment, third quarter operating profit was $9.6 million versus a loss of $4.0 million in the same period last year.  Excluding the related aforementioned charges and credit, operating profit for the segment would have been $11.5 million in this year's third quarter versus $3.3 million last year.  Strong sales and profit growth at ViSalus more than offset lower sales and profits at PartyLite.  

Third quarter operating profit for ViSalus was $26.1 million this year versus $4.3 million last year.  Excluding the equity incentive charges and credit and IPO fees this year, third quarter operating profit for ViSalus would have been $27.4 million this year versus $11.6 million last year.  Third quarter operating loss for PartyLite was $11.4 million versus a loss of $4.4 million in last year's third quarter.  Excluding restructuring charges, PartyLite's operating loss would have been $10.7 million this year versus a loss of $4.4 million last year.  The decrease was driven by the decline in worldwide sales.  Corporate expenses and other allocated to the Direct Selling segment were $5.2 million this year and $3.9 million last year.

In the Catalog & Internet segment, third quarter net sales were $29.4 million versus $30.4 million last year, due to the continued trend of soft sales of general merchandise.  This was partially offset by the strong sales of health and wellness products which continue to achieve double digit growth through the health and wellness catalogs, Easy Comforts® and As We Change®, as well as through the general merchandise catalogs.  Third quarter operating loss in this segment was $1.8 million this year versus a loss of $0.9 million last year.  Excluding the intangible impairment charge this year, the segment's operating loss would have been $0.9 million for both this year and last year.

First Nine Months Fiscal Performance

Net Sales for the nine months ended September 30, 2012 increased 59% to $848.5 million versus $533.5 million for the comparable prior year period.  Operating Profit for the first nine months was $44.8 million this year versus a loss of $2.3 million last year and includes the following pre-tax items:

  • Fees of $4.7 million related to the ViSalus initial public offering, which was withdrawn on September 26th
  • A ViSalus equity incentive charge of $9.1 million this year and $15.5 million last year
  • Restructuring charges of $2.1 million for PartyLite this year, and
  • Catalog & Internet segment charge for an intangible impairment of $0.8 million.

Excluding the impact of these charges, operating profit would have been $61.5 million this year versus $13.2 million last year.

Net Earnings attributable to Blyth, Inc. for the nine months were $16.3 million compared to a loss of $11.9 million for the prior year.  Diluted earnings per share were $0.94 this year compared to a loss of $0.72 last year.  Year-to-date earnings per share includes $0.12 for IPO related fees, a $0.26 equity incentive charge versus a $0.23 charge last year, $0.08 PartyLite restructuring charges and $0.03 Catalog & Internet intangible impairment charge.  The Company recorded income of $0.09 per share, during the first nine months this year from discontinued operations and a loss of $0.45 per share, during the first nine months last year.  Normalized earnings per share before the aforementioned charges and discontinued operations were $1.34 this year versus a loss of $0.04 in last year's comparable period. 

The sum of the individual and segment amounts may not equal the reported totals for the quarter for Blyth overall due to rounding.

Blyth, Inc., headquartered in Greenwich, CT, USA, is a direct to consumer business focused on direct selling and direct marketing channels.  We design and market home fragrance products and decorative accessories, as well as weight management products, nutritional supplements and energy drink mixes.  These products are sold through Direct Selling utilizing both home party plan and network marketing. The Company also designs and markets household convenience items and personalized gifts through the catalog/Internet channel.  The Company manufactures most of its candles and sources nearly all of its other products.  Its products are sold direct to the consumer under the PartyLite®, Two Sisters Gourmet by PartyLite® and ViSalus Sciences® brands and to consumers in the catalog/Internet channel under the As We Change®, Miles Kimball®, Exposures®, Walter Drake® and Easy Comforts® brands.  In Europe, Blyth's products are also sold under the PartyLite brand. 

Blyth, Inc. may be found on the Internet at www.blyth.com.

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements that are other than statements of historical facts.  Actual results could differ materially due to various factors, including the slowing of the United States or European economies or retail environments, the risk that we will be unable to maintain our historic growth rate, our ability to respond appropriately to changes in product demand, the risk that we will be unable to integrate the businesses that we acquire into our existing operations, the risks (including foreign currency fluctuations, economic and political instability, transportation delays, difficulty in maintaining quality control, trade and foreign tax laws and others) associated with international sales and foreign sourced products, risks associated with our ability to recruit new independent sales consultants, our dependence on key corporate management personnel, risks associated with the sourcing of raw materials for our products, competition in terms of price and new product introductions, risks associated with our information technology systems (including, susceptibility to outages due to fire, floods, power loss, telecommunications failures, computer viruses, break-ins and similar events) and other factors described in this press release and in the Company's most recently filed Annual Report on Form 10-K.

BLYTH, INC. AND SUBSIDIARIES



CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS



(In thousands except per share data)



(Unaudited)






















Three Months


Three Months


Nine Months


Nine Months








Ended September 30,


Ended September 30,


Ended September 30,


Ended September 30,








2012


2011


2012


2011

















Net sales





$                   268,811


$                    191,547


$                 848,493


$                   533,545



Cost of goods sold




92,086


66,100


283,250


194,131



    Gross profit




176,725


125,447


565,243


339,414



Selling





122,837


90,730


380,301


240,276



Administrative and other




49,537


32,260


131,029


85,895



ViSalus equity incentive plan




(3,443)


7,328


9,118


15,543



    Total operating expense




168,931


130,318


520,448


341,714



    Operating profit (loss)




7,794


(4,871)


44,795


(2,300)

















Other expense (income):













     Interest expense




1,567


1,583


4,472


4,988



     Interest income




(278)


(356)


(1,155)


(900)



     Foreign exchange and other, net



(750)


952


(2,146)


1,749



     Total other expense




539


2,179


1,171


5,837



    Earnings (loss) from continuing operations before income taxes
and noncontrolling interest


7,255


(7,050)


43,624


(8,137)



Income tax expense (benefit)




3,050


(2,005)


17,724


(3,992)



     Earnings (loss) from continuing operations



4,205


(5,045)


25,900


(4,145)



Earnings (loss) from discontinued operations, net of income tax


571


10


1,622


(4,423)



Loss on sale of discontinued operations, net of income tax


-


(315)


-


(2,960)



    Net earnings (loss)




4,776


(5,350)


27,522


(11,528)



Less: Net earnings attributable to the noncontrolling interests


4,031


270


11,271


358



    Net earnings (loss) attributable to Blyth, Inc.



$                          745


$                      (5,620)


$                     16,251


$                    (11,886)

















Basic:














Net earnings (loss) from continuing operations



$                         0.01


$                        (0.32)


$                         0.85


$                        (0.27)



Net earnings (loss) from discontinued operations



0.03


(0.02)


0.09


(0.45)



    Net earnings (loss) attributable to Blyth, Inc.



$                         0.04


$                        (0.34)


$                         0.94


$                        (0.72)



Weighted average number of shares outstanding



17,302


16,558


17,241


16,556

















Diluted:














Net earnings (loss) from continuing operations



$                         0.01


$                        (0.32)


$                         0.85


$                        (0.27)



Net earnings (loss) from discontinued operations



0.03


(0.02)


0.09


(0.45)



    Net earnings (loss) attributable to Blyth, Inc.



$                         0.04


$                        (0.34)


$                         0.94


$                        (0.72)



Weighted average number of shares outstanding



17,358


16,670


17,317


16,661













































Condensed Consolidated Balance Sheets



(In thousands)



(Unaudited)


























September 30, 2012


September 30, 2011



Assets














  Cash and Cash Equivalents








$                   138,824


$                   175,709



  Short Term Investments








43,382


15,363



  Accounts Receivable, Net








8,337


7,690



  Inventories








121,951


105,775



  Property, Plant & Equipment, Net








90,868


83,319



  Other Assets








101,734


82,138



  Discontinued operations








17,733


20,392












$                   522,829


$                   490,386

















Liabilities and Stockholders' Equity













  Bank and Other Debt








$                       6,612


$                       7,037



  Bond Debt








85,405


94,957



  Other Liabilities








315,743


194,222



  Discontinued operations








7,001


6,265



Equity









108,068


187,905












$                   522,829


$                   490,386



Blyth, Inc.





Supplemental Non-GAAP Earnings (Loss)Per Share Measures





(In thousands, except per share data)





(Unaudited)




































Three Months Ended


Three Months Ended









September 30, 2012


September 30, 2011









Dollars


Diluted EPS


Dollars


Diluted EPS



















































Non-GAAP normalized earnings (loss)


$        2,237


$          0.13


$       (3,346)


$         (0.20)





















Non-GAAP Adjustments:





























ViSalus Equity Incentive Plan


1,006


0.06


(1,969)


(0.12)





















ViSalus IPO related costs incurred


(2,108)


(0.12)

























Impairment of intangible assets (1)


(518)


(0.03)


-


-





















Restructuring charges (2)


(443)


(0.03)


-


-





















Income (loss) from discontinued operations, net of income taxes


571


0.03


(305)


(0.02)





















GAAP Net earnings (loss) attributable to Blyth, Inc.


$           745


$          0.04


$       (5,620)


$         (0.34)




































This table is included as an additional reference to assist investors in analyzing the Company's performance and should be considered in addition to,






 not a substitute for, measures of financial performance prepared in accordance with GAAP.



























(1) Impairment of intangible was due to lower forecasted sales in the Exposures brand within the Catalog & Internet segment.





















(2) Restructuring charges represent costs associated with the realignment of the North American distribution center.





















The sum of the individual amounts may not necessarily equal to the totals due to rounding.



























 

Blyth, Inc.





Supplemental Non-GAAP Earnings (Loss)Per Share Measures





(In thousands, except per share data)





(Unaudited)




































Nine Months Ended


Nine Months Ended









September 30, 2012


September 30, 2011









Dollars


Diluted EPS


Dollars


Diluted EPS



















































Non-GAAP normalized earnings (loss)


$      23,150


$          1.34


$          (626)


$         (0.04)





















Non-GAAP Adjustments:





























ViSalus Equity Incentive Plan


(4,528)


(0.26)


(3,857)


(0.23)





















ViSalus IPO related costs incurred


(2,108)


(0.12)


-


-





















Impairment of intangible assets (1)


(518)


(0.03)


-


-





















Restructuring charges (2)


(1,367)


(0.08)


-


-





















Income (loss) from discontinued operations, net of income taxes


1,622


0.09


(7,383)


(0.45)





















GAAP Net earnings (loss) attributable to Blyth, Inc.


$      16,251


$          0.94


$     (11,866)


$         (0.72)




































This table is included as an additional reference to assist investors in analyzing the Company's performance and should be considered in addition to,






 not a substitute for, measures of financial performance prepared in accordance with GAAP.



























(1) Impairment of intangible was due to lower forecasted sales in the Exposures brand within the Catalog & Internet segment.





















(2) Restructuring charges represent costs associated with the realignment of the North American distribution center.





















The sum of the individual amounts may not necessarily equal to the totals due to rounding.



























SOURCE Blyth, Inc.

More Stories By PR Newswire

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

@ThingsExpo Stories
BnkToTheFuture.com is the largest online investment platform for investing in FinTech, Bitcoin and Blockchain companies. We believe the future of finance looks very different from the past and we aim to invest and provide trading opportunities for qualifying investors that want to build a portfolio in the sector in compliance with international financial regulations.
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
Imagine if you will, a retail floor so densely packed with sensors that they can pick up the movements of insects scurrying across a store aisle. Or a component of a piece of factory equipment so well-instrumented that its digital twin provides resolution down to the micrometer.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
Product connectivity goes hand and hand these days with increased use of personal data. New IoT devices are becoming more personalized than ever before. In his session at 22nd Cloud Expo | DXWorld Expo, Nicolas Fierro, CEO of MIMIR Blockchain Solutions, will discuss how in order to protect your data and privacy, IoT applications need to embrace Blockchain technology for a new level of product security never before seen - or needed.
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
When shopping for a new data processing platform for IoT solutions, many development teams want to be able to test-drive options before making a choice. Yet when evaluating an IoT solution, it’s simply not feasible to do so at scale with physical devices. Building a sensor simulator is the next best choice; however, generating a realistic simulation at very high TPS with ease of configurability is a formidable challenge. When dealing with multiple application or transport protocols, you would be...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
We are given a desktop platform with Java 8 or Java 9 installed and seek to find a way to deploy high-performance Java applications that use Java 3D and/or Jogl without having to run an installer. We are subject to the constraint that the applications be signed and deployed so that they can be run in a trusted environment (i.e., outside of the sandbox). Further, we seek to do this in a way that does not depend on bundling a JRE with our applications, as this makes downloads and installations rat...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
DX World EXPO, LLC, a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lead...
Digital Transformation (DX) is not a "one-size-fits all" strategy. Each organization needs to develop its own unique, long-term DX plan. It must do so by realizing that we now live in a data-driven age, and that technologies such as Cloud Computing, Big Data, the IoT, Cognitive Computing, and Blockchain are only tools. In her general session at 21st Cloud Expo, Rebecca Wanta explained how the strategy must focus on DX and include a commitment from top management to create great IT jobs, monitor ...
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
The IoT Will Grow: In what might be the most obvious prediction of the decade, the IoT will continue to expand next year, with more and more devices coming online every single day. What isn’t so obvious about this prediction: where that growth will occur. The retail, healthcare, and industrial/supply chain industries will likely see the greatest growth. Forrester Research has predicted the IoT will become “the backbone” of customer value as it continues to grow. It is no surprise that retail is ...