Embracing Technology and Transformation | AI and IoT

Summary

The video explores the challenges faced by a vending machine company in Shachon province, focusing on data governance and operational efficiency. It highlights issues like inconsistent data formats, lack of real-time data reporting, and high distribution costs. The solution involves unifying data formats, predicting sales with AI, and optimizing machine placement to reduce costs and enhance profits.

Takeaways

• 🏪 Vending machines are a modern form of 24-hour retail, offering convenience to consumers in various locations.
• 📈 Originating in the 1980s, vending machines have become ubiquitous in daily life, reflecting a significant trend in retail.
• 🔢 A company in Shachon province faces operational challenges due to non-uniform data storage formats across different vending machines.
• 💸 Early vending machines only accept cash, limiting the type of data that can be collected and analyzed.
• 📊 The lack of real-time data reporting from older machines hinders the company's ability to perform O&M (Operation and Maintenance) analysis.
• 📈 The absence of dynamic product data prevents the company from analyzing and predicting product sales volumes effectively.
• 📦 High distribution costs are incurred due to the inability to select the nearest supplies for vending machines.
• 🔄 The company aims to transform by addressing data governance issues, predicting sales data, and optimizing vending machine placement.
• 🛠️ A unified data format is proposed to replace older machines, enabling real-time transaction data reporting.
• 🔮 The company utilizes AI capabilities of the Hub Cloud Model Arts development platform to predict sales and optimize vending machine placement.
• 🌐 The IoT vending machine solution combines communication and application to ensure stable connectivity and provide value-added services.
• 📊 The solution facilitates visualized monitoring of vending machines, contributing to increased profits through O2O (Online to Offline) strategies.

Q & A

What is the primary function of vending machines as described in the script?

Vending machines serve as 24-hour micro supermarkets, providing a convenient way for consumers to purchase items at various locations such as streets, campuses, scenic spots, subway stations, shopping malls, and even public toilets.

When did vending machines start to become common in daily life according to the script?

Vending machines began to be commonly used in the 1980s.

What challenges has the company operating vending machines in Shachon province faced regarding operating efficiency?

The company has encountered issues with non-unified data storage formats, fields, and data types of older vending machines, the inability to collect and analyze data in real-time due to local storage and lack of dynamic product data, and high distribution costs due to the inability to select the nearest supplies.

Why is the data format unification a concern for the company's data governance?

Data format unification is a concern because it allows for more effective data governance, making it easier to collect, analyze, and utilize data from different vending machines.

What is the solution proposed to address the issue of non-unified data formats?

The solution is to unify the data formats of different vending machines and replace old machines with new ones that can report transaction data in real time.

How does the company plan to predict sales data and reduce costs?

The company plans to predict sales data based on the real-time monitored and collected data, and then optimize the placement of vending machines to reduce costs.

What technology is being used to implement the optimization solution in the experiment?

The company is using converged AIOT (Artificial Intelligence of Things) technologies to implement the optimization solution.

What role does the Burpee development board play in the experiment?

The Burpee development board is used to simulate the vending machine for data reporting in the simplified experimental scenarios.

How does the company plan to use the Hub IOT platform for its vending machine operations?

The company plans to report data to the Hub IOT platform, which will use multiple cloud services and the Hoff cloud model to predict sales and optimize vending machine placement using AI capabilities.

What additional service functions does the IOT vending machine solution provide beyond stable communications?

The IOT vending machine solution provides customers with wireless monitoring applications and more value-added service functions to help implement visualized monitoring on vending machines and achieve more profits through O2O (Online to Offline) strategies.

What is the main goal of the IOT vending machine solution for the company?

The main goal of the IOT vending machine solution is to help the company achieve more profits by implementing visualized monitoring on vending machines and optimizing operations through AI predictions and data analysis.