Smart Vending Machines In The Era Of Internet Of Things

Smart vending machines are a great example of the impact of the internet of things iot on revenue streams and business models.

Smart vending machines in the era of internet of things.

Smart vending machines in the era of internet of things. Card cashless payments a financial cost problem model. With the advancements in the digitization era vending machines have emerged as a low cost yet convenience option turning the entire store into a box sized vending machine. Offcourse one of the important thing to make it smarter is to understand the context of the consumer and provide or even stock based on the people who visit with the right stuff.

First we present the card to the reader of the vending machine and once the credit is granted we select the product and the machine will deliver it. The business journals select a city. Hardware and software initiative which aims to transform. Today s smart vending technology is evolving rapidly that offers greater functionality.

The internet of things is a system of interconnected smart systems and devices from mechanical and digital machines to non technical things even including animals and people and it s surging in popularity. Sivendi system is developed manufactured licensed and supported by soltova total sistem a company that specialized in automation emerging technology mechatronics and internet of things. Smart vending machines are an excellent example of how the internet of things iot can affect business models and revenue flow. This concept has even made its way to vending machines.

Sivendi smart vending machine is a system that combine hardware software and cloud management function integrated within the vending machine. Cashless payments based on smart cards also allow customers to make a purchase with three simple steps as despite in fig. Smart vending machine is certainly going to open up great possibilities where different industries may need different ways to leverage that. Iot started with a vending machine.

The internet of things can be traced back to the dawn of the internet but the term has evolved substantially from its carbonated roots. The vending industry is going through a sea of change. Request pdf smart vending machines in the era of internet of things the aim of this paper is to propose a real world deployment in building an internet of things iot system for vending machines.