Avnet Adds New Features To Second Release Of Its IoTConnect Platform On AWS
Portfolio Pulse from Happy Mohamed
Avnet (NASDAQ:AVT) has released the second version of its IoTConnect platform on Amazon Web Services (AWS), offering new features to help Original Equipment Manufacturers (OEMs) build intelligent Internet of Things (IoT) devices faster. The platform now supports AWS IoT Greengrass, dynamic dashboards, a smart rules engine, and AI model management and deployment. The update is expected to reduce OEMs' time to market by over 50%. Clear-Vu, a leader in LED lighting, is among the companies leveraging Avnet's IoTConnect.
August 01, 2023 | 2:14 pm
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POSITIVE IMPACT
Avnet's use of AWS for its IoTConnect platform could increase AWS's revenue and further solidify its position in the cloud services market.
As Avnet's IoTConnect platform is hosted on AWS, any increase in the use of IoTConnect could lead to increased revenue for AWS. This could have a positive impact on Amazon's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Avnet's second release of IoTConnect on AWS could significantly reduce OEMs' time to market, potentially increasing demand for Avnet's services.
The new features in Avnet's IoTConnect platform could make it more attractive to OEMs, potentially leading to increased demand for Avnet's services. This could have a positive impact on Avnet's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100