10 Apr’15
5 ways the 'Internet of Things' transformed the vending machine

5 ways the ‘Internet of Things’ transformed the vending machine

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The ability to access information generated by connected devices, remotely and in real-time, can enable a fundamental shift in how companies operate and how they generate revenues. By being constantly connected, companies can offer their customers a “product utility as a service,” shifting the value from the actual product to the service this product provides.

Smart vending machines are a great example of the impact of the “Internet of Things” (IoT) on revenue streams and business models.

With improved security, user customization, smart payments and constant monitoring of inventory and consumption patterns, opportunities abound for dispensing new products more profitably using a network of connected devices.

Full article here