Avnet Wins Channelnomics Distribution Innovation Award

Avnet, Inc. (NYSE: AVT) was recently awarded an inaugural Channelnomics Innovation Award (CIA) in the “Distributor Innovation” category for 2016. The award honors a distributor who oversaw true innovation in their field over the past year. Avnet was specifically recognized for its work, in conjunction with IBM, to increase the development and deployment of IOT solutions in the U.S., Europe and Canada. The two companies’ efforts helped partners create new revenue streams and operational efficiencies through the development of IOT solutions built on the IBM Watson IOT Platform. This collaboration was designed to support Avnet partners, ranging from original equipment manufacturers to solution providers, in their efforts to capitalize on the opportunities in the rapidly growing IOT market. 

“This award further highlights our team’s dedication to continually raising the bar in developing real-world IOT solutions for our partner ecosystem,” said Sergio Farache, senior vice president of strategy and specialist business units for Avnet Technology Solutions, Americas. “Avnet and IBM joined together to simplify the development cycle at every stage and give our partners the power to unlock the potential of IOT – an incredibly complex area that requires deep technical knowledge and specialization in multiple technology areas such as advanced data analytics, cloud, mobility and security, to bring a complete solution to life.”

Avnet and its partners have already experienced success based on this collaboration with IBM. As an example, Avnet worked with SPICA Technologies to help create a smart cities IOT solution to improve water safety. This solution reduces the risk of contracting Legionnaires’ disease by using connected devices attached to water pipes that provide real-time information and analysis on water temperature and flow, improving accuracy and reducing monitoring costs by up to 60 percent. Avnet played an important role in building this solution, bringing together the sensor components, IBM Core Middleware, IBM Enterprise analytics, and an IBM Cloud deployment to manage the data.

The award Avnet received for its IOT collaboration builds upon Avnet’s continued drumbeat of support for its partners this week in the area of IOT, including an agreement with relayr to deliver world-class IOT solutions in the U.S. and Canada. Avnet’s approach to IOT exemplifies how Avnet is helping partners excel through specialization while capitalizing on the high-growth, next-generation technologies that are redefining the future.

The 2016 Channelnomics Innovation Awards were presented during an awards dinner on Dec. 8 at the W Union Square Hotel in New York.

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About Avnet, Inc.

From components to cloud and design to disposal, Avnet, Inc. (NYSE: AVT) accelerates the success of customers who build, sell and use technology globally by providing them with a comprehensive portfolio of innovative products, services and solutions. For more information, visit www.avnet.com.