Kennametal Named Among Top 100 Innovative Organizations
Kennametal Inc. recently announced that it has been named to IDG’s CIO magazine CIO 100 Awards, highlighting the top 100 innovative companies that effectively use IT to create business value. Kennametal received this honor for its revolutionary knowledge database called NOVO™ designed to support digital intelligence in application engineering, process planning and production operations accelerating productivity in customer manufacturing processes. NOVO™ is a Windows application that connects a Cloud database and provides intuitive tool advisor, tool selector, and tool configurator.
“We are very proud to be recognized as a leading innovative company by CIO magazine,” said Steven Hanna, vice president and chief information officer. “It is a great honor for Kennametal’s global cross-functional team that applied different thinking throughout the process to develop a world-class technology solution unique in our industry to serve our customers.”
Every year, the CIO 100 Awards honors companies that are using information technology in an innovative way to deliver competitive advantage to the enterprise and their customers. The process for being chosen among the 100 best companies of hundreds of applicants is systematic and very competitive considering the creativity, the depth and breadth of the companies’ practices, the measurable achievements and the differentiation against other candidates.
“For 27 years now, the CIO 100 awards have honored the innovative use of technology to deliver genuine business value,” said Maryfran Johnson, Editor in Chief of CIO magazine & events. “Our 2014 winners are an outstanding example of the transformative power of IT to drive everything from revenue growth to competitive advantage.”
Celebrating more than 75 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers seeking peak performance in demanding environments. The company provides innovative wear-resistant products, application engineering and services backed by advanced material science, serving customers in 60 countries across diverse sectors of aerospace, earthworks, energy, industrial production, transportation and infrastructure. With approximately 14,000 employees and nearly $3 billion in sales, the company realizes half of its revenue from outside North America, and 40% globally from innovations introduced in the past five years. Recognized among the “World’s Most Ethical Companies” (Ethisphere); “Outstanding Corporate Innovator” (Product Development Management Association); and “America’s Safest Companies” (EHS Today) with a focus on 100% safety, Kennametal and its foundation invest in technical education, industrial technologies and material science to deliver the promise of progress and economic prosperity to people everywhere.
