Vending Insight 40

Vending Insight 40 : How 5G Will Affect The B2B Connectivity Ecosystem

Hello again and welcome to Vending Insight 40, ‘How 5G Will Affect The B2B Connectivity Ecosystem’, brought to you with the assistance of our friends at Vianet Smart Machines in association with Vendman, the UK’s Number One ERP software for vending operators.

How 5G Will Affect The B2B Connectivity Ecosystem (Business Insider)

5G and other next-generation networks can allow telecoms to become the key partner in enterprise connectivity, where they previously were one among many. But telecoms aren’t uncontested in trying to take advantage of the growing opportunity in enabling enterprise transformation… Access and important new report, HERE

The World of IoT Connectivity (Hackernoon)

The premise: ‘IoT is not one thing. It is thousands of use cases spread across dozens of industries. So one of the biggest problem is finding a simple and good enough way to connect all those devices. This really requires a communications network, and probably more than one…’ Provocative and well-written stuff, HERE

Vending Insight 40

Hoping To Boost Spending, Japan Tries To Sell Shoppers On Cashless Purchases (Euronews)

Cash settles 80% of Japan’s transactions, with the rest shared among credit cards, mobile and pre-paid swipe cards. That is the highest cash usage rate in the developed world after Germany. Low crime rates – Japanese are comfortable carrying large amounts of cash – and an ageing population seen as the main obstacles for deeper adoption. So what are cashless service providers doing in an attempt to make inroads? HERE

Vending Insight 40
Customers no longer have to bring cash.

Unified Cashless Payment System Rolled Out At 500 Hawker Stalls Across Singapore (Straits Times)

“For customers, they no longer have to bring cash around. Even foreign customers, if they don’t have local currency, can use different forms of e-payment. For the stall holders, they don’t have to switch between food preparation and money collection. So that makes things cleaner and more hassle-free. I think they also like that they don’t have to spend time after a hard days work to account for the cash.” Full SP, HERE

Vending Insight 40Six Ways AI Will Revolutionize Retail (Tech Republic)

Retail will increasingly adopt intelligent automation technologies, according to IBM’s latest study released Tuesday at the National Retail Federation’s 2019 Big Show. The study focuses on the convergence of humans and artificial intelligence (AI) in the retail industry, and specifically how automation can help reduce human error and improve the customer experience

Vending Insight 40

MonsterMatch: Dating App Game Shows How Algorithms Foster Your Bias (The Star)

Dating apps and social media all use an algorithm called collaborative filtering, which is able to show you things you might like based on data collected from other users.  “Amazon looks up what else tortilla chip buyers have bought: salsa. So it knows ‘you might also like’ salsa without really understanding anything about the innate relationship between tortilla chips and salsa. Monster Match is a spoof dating app that demonstrates how this works… HERE

Collaborative Filtering To ‘Predict’ The Efficacy Of A Drug (Towards Data Science)

In drug development, screening is a significant part of the early discovery process and this article describes how collaborative filtering can speed up the process. Quite a few difficilt medical terms to navigate, but worth it to widen your understanding… HERE

How Artificial Intelligence Will Change the Retail Industry in 2019 (Tech 21 Century)

According to Global Market Insights, investments in AI by the retail segment will exceed USD 8 billion by 2024. As more applications for machine learning, predictive analytics and deep learning technologies are experimented with success, digital disruption in retail segment is bound to happen at a much rapid pace. A glimpse of the future is HERE

Vending Insight 40

120 AI Predictions For 2019 (Forbes)

2019 will be the year of specialized AI systems built by organizations based on their own data. Given the realization that organizations sometimes have only limited amounts of data, but also require specialized data, organizations will come to realize that they need tools to easily create quality AI data internally… HERE

How Artificial Intelligence Is Powering The Retail Experience (Storefront Magazine)

Artificial Intelligence (AI) has become a key element in the digitalization of in-store retail by personalizing the customer experience and creating a more engaged business-to-consumer interaction. For retail companies, AI creates an opportunity to bridge the gap between virtual and physical sales channels. HERE

 

We hope you enjoyed this issue, Vending Insight 40. Vending Insight 41 will be with you soon. See you then.

Meanwhile, Planet Vending’s Vending Insight Archive is 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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