Decision makers must come to terms that the Internet of Things (IoT) is no longer a futuristic concept. Many enterprises are already progressing beyond the conceptualisation stage and embarking on their IoT deployment. However, it is important to understand that as with all new digital initiatives, IoT implementation is a journey.

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Avnet, Inc. (Nasdaq: AVT) today announced that it will acquire Softweb Solutions, Inc., a privately held software and Artificial Intelligence (AI) company that delivers innovative software solutions for Internet of Things (IoT) applications and systems designed to increase efficiency, speed time to market, and help businesses transform.