With futuristic technologies making headway, the vending industry is witnessing unprecedented innovations which have prompted many companies to push their boundaries!
Apart from embracing the advanced version of a convenience store in the form of micro markets, many businesses are adopting advanced biometric and AI technology to transform the vending experience and generate significant revenues.
We have rounded up some of the latest trends and innovations that are set to influence the vending industry in the coming years:
1. Advanced and Secure Vein Pattern Recognition
Not long ago, biometric recognition was only heard and seen in sci-fi literature or spy movies (remember James Bond movies)! However, what once seemed too far-fetched and fictional is now a reality! Recently, a prominent Asian AI company placed a new-age vending machine that uses advanced vein pattern recognition. This vending machine resembles a fridge which can be opened only using your (correct) palm. When you place your correct palm, infrared light penetrates your skin and traces your unique vein architecture lying beneath. It is believed to be the most secure and accurate integrate biometric system so far!
Our vein architecture is as unique as our fingerprints and never changes over time. This means that if you have registered as a baby, the system will recognise you even as an adult. Unlike, the external features like fingerprints, face or iris, vein recognition cannot be altered or copied; thus, the privacy concerns are addressed effectively.
2. Artificial Intelligence is the Future!
The AI-driven vending solution has revolutionised the way consumers use a vending machine! The technically superior and avant-garde AI-empowered vending machines can interact with the consumer’s smartphone and can learn more about their purchasing behaviour, mapping out their unique preferences. These vending machines then make product recommendations based on the past purchases and choice, just like Netflix or YouTube does. Programmed with high-end machine learning algorithms, such vending machines play a noteworthy role in improving the overall consumer experience, which in turn promotes revenue generation.
Additionally, AI-based vending machine enables the vendor to determine the potential consumers, without investing extra efforts or resources to carry out extensive research or collect complicated data.
3. Robotic Vending Solution is Changing the Landscape
The robotic vending solution is considered as a breakthrough in the industry! Gone are the days, when you have to get up from your place and walk to a vending machine to get a quick grub! Today’s robotic vending machines will come to your place and you can get a quick bite or grab a can of your favourite beverage. These vending machines are ideal for large-scale organisations or commercial spaces with heavy footfall, as these machines can seamlessly identify the potential customers even in the areas with dense population. In addition to this, smart vending robots can display digital posters and video advertisements, which means businesses can effectively use it as an inventive and unique marketing tool.
The vending machines have come a long way from being huge boxes rattling with coins. Constant innovations and technological advancements have made the industry to offer modern solutions that seamlessly align with the changing consumer behaviour.
If you are looking for innovative and technologically-advanced vending solutions, contact us today and know your options!