article thumbnail

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.

article thumbnail

Baldor’s first-ever CIO sets the transformation agenda

CIO

Baldor Specialty Foods is turning to IT to take its business to the next level. To cultivate its ambitious digital plans, the Bronx-based company, which prepares and delivers fresh food from “farm to table” of restaurants and caterers in New York City, Boston, Baltimore, and Washington, D.C., poached its first CIO.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Chipotle’s recipe for digital transformation: Cloud plus AI

CIO

When Curt Garner became Chipotle’s first CIO in 2015, the only technology used for online restaurant ordering was, “believe it or not,” a fax machine, he says. Chipotle’s digital business in 2022 was $3.5 Chipotle’s digital business in 2022 was $3.5 Seven years later, the Newport Beach, Calif.-based

article thumbnail

Wonderla Holidays goes digital to enhance business and customer fun

CIO

If we could provide real-time information about the occupancy at various zones, land rides, water rides, pools, restaurants, and changing rooms, it would help guests to decide their route to maximize enjoyment at the park. One band delivers multiple business benefits. RFID wonders through Wonderband. million in Q1 of FY23.

article thumbnail

AFL launches Just Walk Out technology to tackle queues at Marvel Stadium

CIO

The pain of long lines for food and drinks is about to be eased at Melbourne’s Marvel Stadium with the introduction of Amazon’s Just Walk Out technology, a first for the southern hemisphere. The technology will initially be available at two of the stadium’s 20-plus food and beverage stands. It’s incredible technology.

article thumbnail

Payment-processing outages at UK retailers raise reliability issues for cashless transactions

CIO

The problems at fast food restaurant McDonalds, supermarkets Tesco and Sainsbury’s, and bakery chain Greggs, highlight retailers’ increasing reliance on third-party payment systems and the technical issues hampering a global shift from cash to digital payments. The larger the merchant, the more complex it could be.

Retail 699
article thumbnail

Restaurant and QSR Trends & Outlook for 2024

Alpha Sense BI

Like many other industries, the restaurant sector was heavily impacted by the COVID-19 pandemic, with many businesses shuttering doors and many others struggling to make ends meet. This is for good reason— technological solutions make dining easier , both for customers and restaurants.