Avnet Adds New Features to Second Release of its IoTConnect Platform on AWS

Rhea-AI Summary

Avnet (AVT) Launches Second Release of IoTConnect on AWS, Accelerating IoT Device Development for OEMs

Positive

• IoTConnect on AWS allows OEMs to build IoT devices faster, reducing time to market by over 50%.
• The platform offers features such as support for AWS IoT Greengrass, dynamic dashboards, a smart rules engine, and AI model management and deployment.
• Collaboration with leading microcontroller manufacturers pre-connects their hardware solutions to IoTConnect, reducing OEMs' development time.

Negative

• None.

Enables simple, fast and secure IoT implementations for OEMs

PHOENIX--(BUSINESS WIRE)-- Avnet’s (Nasdaq: AVT) second release of IoTConnect on Amazon Web Services (AWS) allows Original Equipment Manufacturers (OEMs) to build intelligent Internet of Things (IoT) devices faster. This full-featured release now incorporates key features such as support for AWS IoT Greengrass, built-in dynamic dashboards, a smart rules engine, and Artificial Intelligence (AI) model management and deployment. These features benefit OEMs by allowing them to focus on the development of features and applications that truly elevate their connected products.

Building on the first release of IoTConnect on AWS launched in February, this second release helps OEMs of IoT solutions design their products more efficiently and reduce their time to market by more than 50%.

Avnet’s IoTConnect platform is created to seamlessly connect devices and gain insights from the collected data to make better business decisions. This full-fledged platform as a Service (PaaS) allows for device communication and management, data storage, app creation and enablement of robust security protocols.

Clear-Vu, a market leader in the design, development, and manufacturing of innovative LED lighting, is embracing Avnet’s IoTConnect. “We are excited to work with Avnet and leverage the power of AWS, as their robust hardware and cloud capabilities are poised to accelerate our continual journey towards creating innovative lighting solutions,” said Nick Russo, national director of Sales at Clear-Vu. “Their combined expertise in creating connected solutions and scalable infrastructure should enable us to enhance our product offerings and create transformative experiences for our customers."

This IoTConnect platform addresses the challenges that come with cloud-connected solutions like scalability, reliability, maintenance, and security, making it easier for OEMs to bring their products to market quickly and successfully.

“Today’s second release of IoTConnect on AWS significantly expands the features available for OEMs to design, build, deploy, and manage cloud connected devices, applications, and solutions at scale,” said Lou Lutostanski, vice president of IoT, Avnet. “To further reduce OEMs’ development time, Avnet has also teamed up with leading microcontroller manufacturers to pre-connect their hardware solutions to IoTConnect.”

"Collaboration with Avnet is instrumental in AWS’s mission to accelerate and empower customers with IoT solutions that mitigate the complexities that hinder their journey to market,” said Yasser Alsaied, vice president of IoT at AWS. “Together, we are driving innovation, enabling OEMs to build IoT solutions from edge to cloud with ease and at scale.”

IoTConnect – Learn More

About Avnet

As a leading global technology distributor and solutions provider, Avnet (Nasdaq: AVT) has served customers’ evolving needs for an entire century. We support customers at each stage of a product’s lifecycle, from idea to design and from prototype to production. Our unique position at the center of the technology value chain enables us to accelerate the design and supply stages of product development so customers can realize revenue faster. Decade after decade, Avnet helps its customers and suppliers around the world realize the transformative possibilities of technology. Learn more about Avnet at www.avnet.com.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20230801653739/en/

Jeanne Forbis

Avnet

jeanne.forbis@avnet.com

480-643-7499

Lauren Levinson

Brodeur Partners, for Avnet

llevinson@brodeur.com

202-899-4639

Source: Avnet

FAQ

What is the ticker symbol for Avnet?

The ticker symbol for Avnet is AVT.

What are the key features of the second release of IoTConnect on AWS?

The key features include support for AWS IoT Greengrass, dynamic dashboards, a smart rules engine, and AI model management and deployment.

How does IoTConnect help OEMs?

IoTConnect allows OEMs to build intelligent IoT devices faster, reducing their time to market by more than 50%.

Who is collaborating with Avnet to pre-connect their hardware solutions to IoTConnect?

Leading microcontroller manufacturers are collaborating with Avnet to pre-connect their hardware solutions to IoTConnect, reducing OEMs' development time.

What are the benefits of Avnet's IoTConnect platform?

The platform offers device communication and management, data storage, app creation, and robust security protocols, making it easier for OEMs to bring their products to market quickly and successfully.