Data analytics system for vending machines

Abstract

ABSTRACT DATA ANALYTICS SYSTEM FOR VENDING MACHINES The present invention relates to a data analytics system for vending machines, comprising: a cloud-based storage system for storing and processing data on a plurality of vending machines connected to the cloud-based storage system; a sales performance module configured to collect data on product sales, and machine performance, and display data for revenue trend for each product category for a time period, and product performance; a machine refill module configured to collect data on machine refill times, display refill history, provide predictions on the best time to refill the machine based on past data; a product slot module configured to analyze product sales within slots of the machine, recommend adjustment on the products allocated to the slots of the machine, and predict potential revenue increases with product adjustment; a product sale module for analyzing sales data to suggest product category pricing and stocking based on consumer preferences and potential profitability, and predict potential revenue increases with product adjustments. （None）