Smart Upgrades Optimize Intel’s IoT Reference Design for
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Oct. 16, 2018--
Jabil Inc. (NYSE: JBL) today announced the availability of a connected intelligent
vending platform designed to simplify and expedite the process of
adding advanced digital technologies to installed vending machines.
These smart upgrade solutions integrate vending machine hardware,
software, user interface, payment system, wireless communications and
remote management into one comprehensive, connected platform.
“Making vending machines smarter requires cross-domain technology
expertise, real-time data visibility and actionable insights into
customers’ purchasing patterns,” said Frederic McCoy, senior vice
president, Jabil Retail. “Our smart upgrades create unprecedented value
for vending machine owners and operators, as well as product
distributors and property owners.”
According to Persistence Market Research (PMR), the global intelligent
vending machines market is expected to reach $15 billion by 2025, with a
projected CAGR of more than 15 percent during the forecasted period. PMR
also states that new intelligent vending solutions will attract more
customers to retail stores, helping the sector grow, especially in the
Connected Smart Machines Improve Customer Experiences
With its fully integrated market-enablement solution, Jabil can turn
traditional vending machines into highly connected smart machines that
take advantage of touchscreen controls, video, audio, scent,
gesture-based interaction and cashless payment. Mobile and cashless
payment, in particular, are gaining traction with solutions that
leverage Near-Field Communications (NFC). Smartphone applications that
take advantage of Artificial Intelligence (AI) also can improve customer
experiences by providing real-time inventory updates to simplify
Driving Adoption of Intelligent Vending Solutions
Jabil has partnered with Intel to supply Intel’s reference design for
intelligent vending, which includes a processor-based design and
Application Programming Interface (API) for accessing machine
peripherals. Jabil’s end-to-end capabilities, global footprint and
ecosystem of innovation partners streamline the installation of new
intelligent vending machines while simplifying conventional-machine
In addition to optimizing hardware and configurable software, Jabil
integrates user interface (UI) and control software, sensors and
remaining components in a consolidated, connected platform. Process
innovation is strengthened further by Jabil’s scalable services,
engineering breadth and half-century of technology, manufacturing and
supply chain experience. The company’s retail automation solutions have
driven improvements in operational efficiencies and customer experiences
while empowering retailers to realize new business models and revenue
Cloud Services and Analytics Boost Operational and Supply Chain
The ability to collect vast amounts of data comes from Jabil’s
installation of sensors that capture vending machine inventory, customer
buying patterns and preferences, as well as key performance indicators
regarding temperature and other major functionality. Sending and
receiving real-time notifications via the cloud also provides operators
with much-needed visibility into inventory levels to automate restocking
as well as expedite repairs while reducing maintenance costs.
Pricing and Availability
Jabil now offers customers different levels of scalable services,
encompassing strategy, customer experience, hardware/software
integration, analytics and ongoing support.
Jabil (NYSE: JBL) is a product solutions company providing comprehensive
design, manufacturing, supply chain and product management services.
Operating from over 100 facilities in 29 countries, Jabil delivers
innovative, integrated and tailored solutions to customers across a
broad range of industries. For more information, visit jabil.com.
1Persistent Market Research, “Intelligent Vending Machines
Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025),”
View source version on businesswire.com: https://www.businesswire.com/news/home/20181016005263/en/
Source: Jabil Circuit, Inc.
HetzelMeade Communications, Inc.
Sue Hetzel, 760-473-4729