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5 ways the ‘Internet of Things’ transformed the vending machine
- Apr 10, 2015
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.
- Tags:
- Big Data
- Connected Devices
- Consumer Electronics
- Inernet of things
- Intellectual Property
- IoT
- IP
- Smart Device
- Smart Vending Machine