With the advent of various trailblazing technologies like AI (artificial intelligence) and machine learning, the traditional retail landscape is experiencing a momentous shift!
New age retailers are extensively utilising AI vending solutions to ride the next (huge) wave that’s set to take over the industry.
With giants like Amazon and Walmart already dipping their toes in the new waters, several retailers are embracing AI vending machines to drive revenue growth and deliver exceptional customer experiences.
Besides, AI-powered vending machines arm the retailers with insightful data and user analytics that results in reduced shrinkage and efficient operations.
How Innovative and Smart Vending Machines Transform Traditional Retailing Experience?
Unlike the orthodox shopping experience, where you visit the store, look for your favourite products and make a purchase; artificial intelligence takes the shopping experience to the next level with personalisation, automation and ease of operations.
It allows the retailers to use and analyse the capacious volume of data for merchandise vending and offer highly personalised shopping experience. Like Netflix, these vending machines can make product recommendation based on past customer behaviour.
Besides, AI allows the retailers to identify the best-sellers across various retail outlets (including online stores), and keep it stocked up.
Smart Solutions for Inventory Management
The “out of stock” sign can render a not-so-positive customer experience. However, with the AI-powered vending machine, you can optimise every aspect of inventory management. With the correct data, these machines can determine which products should be stocked up. Moreover, it can even tell the retailers the expected revenue change from price change and helps to determine which promotion to run at what time!
Moreover, intelligent vending machine means you can optimise the inventory in any given location while avoiding the stock-outs. The AI-enhanced machines recognise the potential user behaviour, senses malfunctions and flag possible stock-outs.
Besides, artificial intelligence performs a deep analysis of the purchasing behaviour, helping the brands to identify the unique patterns. With this knowledge, retailers can make real-time business decisions and ensure profits.
Further, with AI vending machines, retailers can carry out a wide variety of tasks that include personalized product recommendations, and customer service assistance.
Utilising AI vending solutions will give the retailer access to useful insights, which otherwise involves enormous spreadsheet and lengthy process of trial and error.
If you are looking for innovative and technologically-advanced vending solutions, contact us today and know your options!