Unattended Retailing

Vending Insight: IoT – The Biggest Digital Transformation Ever

Welcome to edition 3 of Vending Insight, a regular feature from Planet Vending that focuses on today’s cashless, connected, IoT (Internet of Things) society. There’s no product news in Vending Insight and no stories about the providers of those products. On the contrary, it’s our intention to provide those vending operators, who are hungry for information on developing technologies, with some satisfying food for thought.

Each week, PV Editor Ian Reynolds-Young will comment on an aspect of this fast changing world and each week, we’ll provide our Ten Top Links that will take you to stories that have appeared across the Internet. They won’t all be about vending: in fact, we’ll steer you, through these stories, in the direction the world is heading. We hope that Vending Insight will inspire you to investigate how to apply the features of cashless payments, data collection and connectivity to the advantage of your vending business.

Data, the whole data and nothing but the data.

We’re talking about the trends within a given location or type of business; we’re talking about what sells and what doesn’t sell in any particular niche. Operators don’t need a consumer to tell them that; they get that real granularity of insight thanks to the robust data that can be harvested from multiple points of consumption. Ian Reynolds-Young provokes reaction again, and it’s exclusively HERE

Vending Insight From The Web

Digital Transformation 3.0: Enter The IoT Blind Spot (Forbes)
The internet of things (IoT) is taking us through the biggest digital transformation the world has ever seen — bigger than both the PC and mobile revolutions combined. Currently, there are an estimated 8.4 billion connected devices in Vending Insightuse worldwide this year, and that number is expected to reach at least 20.4 billion by 2020. Get your head spinning, HERE.

Connectivity worth just 5 per cent of total IoT revenues by 2025 (Telecom TV)
“The IoT revenue opportunity is shifting away from simply connecting devices to addressing specific sectors with tailored solutions,” said Sylwia Kechiche, Principal Analyst, IoT, GSMA Intelligence” says Sylwia Kechiche, Principal Analyst, IoT, GSMA Intelligence. Guy Daniels’ report is HERE

London to introduce world’s first contactless card payment scheme for buskers (The Guardian)
The last bastion of cash breached?Busk In London, a Mayor of London initiative, has partnered with technology company iZettle to give card readers to performers. The project will allow street musicians across London to accept payments via cash, contactless cards, wearable technology and chip and pin. Wonderwall anybody? HERE

Why implement an IoT solution (Network World)
Everyone’s talking about the IoT. And there is no question that, today, all the technology needed for the transformation of businesses – from the most industrially focused to the most consumer-facing enterprises – is readily available. Clear headed information, HERE.

Why China is finding it so easy to go cashless (Highsnobiety)
Unlike the U.S., credit cards never became a mainstream form of payment in China, but the Asian country is already leading by example by leapfrogging many other countries in cashless tech. An intriguing video, and it’s HEREVending Insight

Fancy Yourself As A Futurologist? (IBM)
How can you improve quality, prevent downtime, and increase throughput in your manufacturing environment? The obvious answer. You bring in a robot (meet ARMonk, ARMie for short), the Internet of Things (IoT), and artificial intelligence. Course you do. Just when you thought we were ‘advanced’… Woaah! HERE

Going Cashless? (Talking Tech)
If you’re fed up with reading, here’s a good listen: Jeremy Allaire, the founder of the Circle digital payment app, discusses a cashless future with Jefferson Graham on Talking Tech, loud and clear, HERE.

So what on Earth is Cryptocurrency? (CNBC)
Nope, us neither! WHen there’s no longer any cash and notes and coins are no longer required, what else could count as money. You may need to wear your nerd hat to read this, but just in case, it’s HERE

Vending InsightInternet of Things: When objects threaten national security (The Conversation)
We all know personal devices can be hacked, but a whole country’s security could be at risk too. With the rise of the IoT) the risk to national security is increasing. Get out those worry beads before you click HERE

How The Rise Of IoT Will Drive Supply Chain Visibility And Transparency (Innovation Enterprise)
IoT devices and mobile capabilities are set to reform the supply chain with revenue opportunities and operational efficiencies. So, how will the rise of IoT drive supply chain visibility? Find out, HERE

About the author

The Editor

Planet Vending’s Editor is Ian Reynolds-Young and it’s Ian’s unique writing talent that has made PV what it is today – the best read (red) vending blog in the world, and vending’s best read (reed). Ian ‘tripped and fell into vending’, in the capacity of PR executive, before launching a specialist agency, ‘reynoldscopy’, dedicated to the UK Vending business. The company continues to represent the interests of many of the sector’s leading brands.

‘It’s all about telling stories’, he says. ‘We want to make every visit to PV a rewarding experience. By celebrating the achievements of the UK’s operating companies, we’re on a mission to debunk the idea that vending is retailing’s poor relation.’

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