Smartphone Tech Transforms The Humble Vending Machine

SAP has developed a machine and corresponding app that, when brought together, creates a customized purchasing experience for the user while giving vendors lots of useful data.

What's the Latest Development?


SAP has partnered with Vendors Exchange International to develop a "smart" vending machine that replaces old-school money transactions and passive displays with interactive technology. When the user holds a mobile device to the built-in sensor, the machine displays a touchscreen interface with purchase choices. An accompanying app allows it to "recognize" the user and offer more customized options, such as the ability to give feedback on the types of items available and send gifts to other app users. Of course, the machine also accepts digital payments.

What's the Big Idea?

It's yet more proof that the Internet of Things can create a leapfrog effect, turning relatively simple items into data-chugging powerhouses. In this case, the information sent and received by the machine all resides in the cloud, which makes it much easier for vendors to analyze transactions and determine inventory and performance remotely.  In a video demonstrating the machine at last month's TechCrunch Disrupt conference, SAP innovation leader Christian Busch described an algorithm that uses past sales and demographic data to predict what kinds of product selections would improve performance for a particular machine. 

Photo Credit: Shutterstock.com

Read it at Mashable

LinkedIn meets Tinder in this mindful networking app

Swipe right to make the connections that could change your career.

Getty Images
Sponsored
Swipe right. Match. Meet over coffee or set up a call.

No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.

Keep reading Show less

10 books to check out from Jordan Peterson's 'Great Books' list

The Canadian professor has an extensive collection posted on his site.

Jordan Peterson with Carl Jung and the cover art of Jaak Panksepp's 'Affective Neuroscience' (Image: Chris Williamson/Getty Images/Big Think)
Personal Growth
  • Peterson's Great Books list features classics by Orwell, Jung, Huxley, and Dostoevsky.
  • Categories include literature, neuroscience, religion, and systems analysis.
  • Having recently left Patreon for "freedom of speech" reasons, Peterson is taking direct donations through Paypal (and Bitcoin).
Keep reading Show less

Scientists claim the Bible is written in code that predicts future events

The controversy around the Torah codes gets a new life.

Michael Drosnin
Surprising Science
  • Mathematicians claim to see a predictive pattern in the ancient Torah texts.
  • The code is revealed by a method found with special computer software.
  • Some events described by reading the code took place after the code was written.
Keep reading Show less

Should you invest in China's stock market? Know this one thing first.

Despite incredible economic growth, it is not necessarily an investor's paradise.

Videos
  • China's stock market is just 27 years old. It's economy has grown 30x over that time.
  • Imagine if you had invested early and gotten in on the ground floor.
  • Actually, you would have lost money. Here's how that's possible.