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AI Can Help Restaurants Survive Challenges with Inflation and the Coming Recession

Smart Data Collective

Inflation and an impending recession are two huge challenges facing the restaurant industry today. Let’s take a look at how AI could help restaurants survive and even thrive in spite of these challenges. In either case, it’s going to be difficult for restaurants to maintain their profit margins. But AI can help.

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What is predictive analytics? Transforming data into future insights

CIO

Predictive analytics has captured the support of wide range of organizations, with a global market size of $12.49 The report projects the market will reach $38 billion by 2028, growing at a compound annual growth rate (CAGR) of about 20.4% Predictive models can help businesses attract, retain, and nurture their most valued customers.

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How IT leaders are driving new revenue

CIO

Sandwich-focused restaurant franchise Subway has some 37,000 locations worldwide, each of which faces a unique combination of factors, such as local competition and customer demographics, that impact sales and profitability. For Herlihy, identifying ways to drive revenue growth is all in a day’s work for modern tech execs.

IT 612
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Use AI to Get the Most Out of Your Social Media Marketing Strategy

Smart Data Collective

AI technology has become a very important part of modern business. One study from Accenture found that AI increases the profitability of the average business by 38%. One of the biggest benefits of AI technology is in the realm of marketing. You can use AI to automate many parts of your marketing strategy.

Marketing 268
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Why Your Business Needs to Utilize AI to Create a Great Mobile App

Smart Data Collective

One of the best ways to use AI technology to benefit your business is by creating great mobile apps. Countless companies are finding ways to optimize their mobile business strategy with AI. Benefits of Using AI Technology to Create the Perfect App for Your Business. Increase Your Business’s Visibility. Provide More Value.

Business 265
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Sysco’s recipe for growth centers on IT

CIO

The Houston-based multinational was still delivering food supplies to sparsely populated buildings, cafeterias, airports, and nursing homes across the US—and helping its customers “reinvent” their businesses with curbside check-in, touchless menus, and QR codes for menus. “We Surviving the pandemic wasn’t enough,” Peck adds. “We

IT 526
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10 Big Data Examples Showing The Great Value of Smart Analytics In Real Life At Restaurants, Bars, and Casinos

Datapine Blog

After all, these are some pretty massive industries with many examples of big data analytics, and the rise of business intelligence software is answering what data management needs. Using this data, they could develop market-specific prices and discounts. However, the usage of data analytics isn’t limited to only these fields.