Vending Machines in the Age of the Internet of Things

Vending Machines in the Age of the Internet of Things

IoT Could Transform Legacy Vending Operations by Leveraging Consumer Behavioural Data and Machine Statistics

RELEASE DATE
08-Nov-2016
REGION
Asia Pacific
Research Code: 9839-00-37-00-00
SKU: ES00911-AP-MR_19154

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SKU
ES00911-AP-MR_19154

$1,500.00

$1,125.00 save 25 %

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Description

Traditional forms of vending have relied on limited interactions between consumers and machines. Vending, in principle, is a retail operation that requires minimal human intervention and the machines should be as autonomous as possible. The connectivity afforded by the Internet of Things (IoT) will enable a fully autonomous vending operation and it is an opportunity to integrate cross-industry business models, products, and services. Operators seek opportunities to increase their vending efficiencies and to encourage consumers to spend more per visit. IoT can drive a vending business to a digitized future where consumer and machine data can be effortlessly captured and interpreted to offer an improved vending experience.

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Related Research
Traditional forms of vending have relied on limited interactions between consumers and machines. Vending, in principle, is a retail operation that requires minimal human intervention and the machines should be as autonomous as possible. The connectivity afforded by the Internet of Things (IoT) will enable a fully autonomous vending operation and it is an opportunity to integrate cross-industry business models, products, and services. Operators seek opportunities to increase their vending efficiencies and to encourage consumers to spend more per visit. IoT can drive a vending business to a digitized future where consumer and machine data can be effortlessly captured and interpreted to offer an improved vending experience.
More Information
No Index No
Podcast No
Author Tzern Tzuin Toh
Industries Electronics and Sensors
WIP Number 9839-00-37-00-00
Is Prebook No