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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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An Analysis of Marketing In the Restaurant POS Industry (2021)

Crayon

In recent years, point of sale ( POS) systems have become a key differentiator for restaurants across the globe. These systems allow restaurateurs to meet many practical needs such as growing profits, running more efficient and organized businesses, and improving bookkeeping.

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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. Many restaurant chains, in contrast, are individually owned and operated as franchises. Seven years later, the Newport Beach, Calif.-based

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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

The next of our examples of companies using big data applies to restaurants. Imagine this: you’re relaxing at home, trying to decide which restaurant to eat at with your spouse. And, as things develop, we expect to see more hotels, bars, pubs, and restaurants utilizing this technology in the not-so-distant future.

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Schrodinger’s Open Banking

CIO

Toast is digitally revolutionizing restaurant management with its modern, cloud-based restaurant point-of-sale system, but it generates a large portion of its $1.7bn revenue from payments fees. Because of that disruption there’s a massive opportunity for banks to acquire new distribution and new customers and revenue.

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Schrodinger’s Open Banking

CIO

Toast is digitally revolutionizing restaurant management with its modern, cloud-based restaurant point-of-sale system, but it generates a large portion of its $1.7bn revenue from payments fees. Because of that disruption there’s a massive opportunity for banks to acquire new distribution and new customers and revenue.

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Panera CIO John Meister on mastering customer experience

CIO

John Meister is the senior vice president and CIO of Panera Bread, a chain of bakery-cafe fast casual restaurants with more than 2,000 locations across the United States and Canada. Our attrition is among the best in the industry, and we’re rated the number one restaurant to work at by Black Box — that’s amazing. Maybe it’s attrition.