• ReadWrite, Wednesday, July 6, 2016 10:57 AM

Smart vending machines are an excellent example of how the “Internet of Things” (IoT) can affect business models and revenue flow. The vending industry is going through a sea of change. The access to data that is generated by connected devices has changed the way companies can operate and the way in which they generate revenues. Constant connectivity allows companies to offer customers a product utility as a service, as seen in vending machines. With user customization, improved security, smart payments and continuous monitoring of inventory and consumption patterns, opportunities for vending machines to dispense new products in more profitable ways, using a network of connected devices are limitless.

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