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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. The cost of running a restaurant is going up due to the rising price of gas.

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CIO Leadership Live with Kenny Thein, CIO at Restaurant Brands

CIO

Restaurant Brands Chief Information Officer Kenny Thein on evolving to meet customers’ ever changing needs, thinking like a start-up but operating as an enterprise, and the importance of sparking STEM curiosity in the younger generation.

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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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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. “You can have data without information, but you cannot have information without data.” – Daniel Keys Moran.

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Restaurant Local SEO: The Google Characteristics of America’s Top-Ranked Eateries

Moz

How comfortable do you feel talking restaurant Local SEO when such calls come in? Allow me to be your prep cook today, and I’ll dice up “best restaurant” local packs for major cities in all 50 US states. I looked at the 3 businesses in the local pack for “best restaurants (city)” in a major city in each of the 50 states, examining 11 elements for each entry, yielding 4,950 data points. Restaurant results. The highest rating for any restaurant in our data set is 4.8,

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Yum! Brands’ secret Domo sauce: Jupyter Workspaces

Domo

Since the COVID era began and prevented people for a long period of time from dining in at restaurants, consumers everywhere have increasingly relied on restaurant ordering and delivery apps to put food on the table for themselves and their families.

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5 Ways to Utilize Data Analytics to Grow Your Business

Smart Data Collective

This restaurant hands out links to the Facebook groups on all their receipts and offers a small discount on a menu item for joining. Using social media numbers, John can compare his numbers to those of local cafes, restaurants, and coffee shops.

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Cloud Technology Advances Make Telecommuting Highly Viable

Smart Data Collective

This assists in making calls from bustling places (restaurants, public transport, and so on). Cloud technology has led to a number of incredible breakthroughs that have changed business practices.

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How to Manage My Business on Google: What You Need to Know

Weidert Group

How many times have you looked up a restaurant’s hours on Google and headed their way, only to finally arrive…and discover it’s closed? Curse you, Google!” you proclaim in your hangry disgust. Google, however, is not to blame.

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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.

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Top 8 Machine Learning Development Companies in 2022

Smart Data Collective

It allows for optimizing the work of banks, restaurants, factories, and even gas stations. Over 91% of leading businesses use AI technology. It has opened the door for companies to improve their business models in many ways. There are a number of great applications of machine learning.

Learning 202
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Mom’s Spaghetti Shows Consumer Understanding in Action

Netbasequid

However, rapper Eminem seems to have hit the sweet spot with diners when he opened his Mom’s Spaghetti restaurant in his hometown of Detroit at the end of September. Despite the pandemic, 90% of consumers say going out to a restaurant is enjoyable, and 45% like to eat out twice a week.

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Overcoming the silver bullet syndrome: How to turn data dreams into reality

CIO

In my previous role, I was thrilled to read a stock analyst raving about our technology solutions—but the report lost some credibility when the analyst postulated that McDonald’s was now a technology company, not a restaurant company.

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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. By David Andrzejek, head of financial services, DataStax.

Banking 518
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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. By David Andrzejek, head of financial services, DataStax.

Banking 518
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Grocery's top 3 digital advertisers

Pathmatics

And if we were too tired to cook, dining in at our local restaurant would also work in a pinch. Before the pandemic, it was typical for many of us to make several weekly runs to our neighborhood grocery stores so we could throw together a last-minute dinner.

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Charles Collier Joins Fuld & Company as Senior Vice President, Consulting Research & Analytics

Fuld

Prior to joining Fuld, Charles co-founded Mount Vernon Strategies , a management consulting firm focused on pre-deal due diligence in the retail, restaurant, and CPG sectors.

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March 3rd, 2021 - Product Updates and Data Additions

Thinknum

Data Additions Stores Oatly Easi Restaurant Delivery Job Listings Acquis Consulting Spaulding Ridge Cross Country Consulting Workhorse Oatly.

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5 keys to a successful API strategy

CIO

For example, when Capgemini’s restaurant clients needed to quickly adopt different delivery service providers to support the shift within the market during the pandemic, object reuse significantly helped in supporting these business objectives, Liubinskas says.

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October 28th, 2020 - Product Updates and Data Additions

Thinknum

For example, use coordinates to easily map out UberEATs restaurants on Tableau. Product Updates Tableau Integration Tableau is now integrated with Thinknum Alternative Data.

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5 Ways to Use Big Data to Run a Successful Food Franchise

Smart Data Collective

By 2027, it’s estimated that the market size of global full-service restaurants will reach £1.2 Choosing the right marketing strategy can be fundamental to the success of your restaurant franchise. Big data has become a very important for modern businesses.

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Four Ways Cyber Asset Management Can Build Recession Resilience

Dataversity

Skyrocketing inflation and recession fears currently roiling the economy tend to make the headlines in stark personal terms; we hear about the rising costs for consumers at the gas pump, at the grocery store, at restaurants, and for airline tickets.

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Avoiding a Stay at a Haunted Hotel And Why We Need a Travel App for That

CIO

Today, it’s a popular place to stay for budget-minded travelers who want to enjoy the neighborhood’s Italian restaurants near Fisherman’s Wharf.

Travel 501
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What’s Next for Conversational AI?

CIO

A Quick Rundown of How Conversational AI Works Asking a smart phone whether it’s going to rain, telling a virtual assistant to play ’90s hip hop, requesting a navigation system give directions to a new sushi restaurant—each are examples of interacting with conversational AI.

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Using Alternative Data to Boost Sales

Thinknum

Use Case 2: Prospecting Restaurants Use alternative data to identify over 1 million individual restaurants on major food delivery platforms by location and contact information. Top restaurant chains along the west coast with an overlay of COVID-19 symptom (percent) map per county.

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Using Alternative Data to Boost Sales

Thinknum

Use Case 2: Prospecting Restaurants Use alternative data to identify over 1 million individual restaurants on major food delivery platforms by location and contact information. Top restaurant chains along the west coast with an overlay of COVID-19 symptom (percent) map per county.

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Feeding America turns to data to feed the hungry

CIO

Byrdak joined Feeding America from the private sector, having previously served as CIO and senior vice president of IT at Potbelly, an American sandwich restaurant chain.

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4 Wonderful Ways to Use Big Data in Local SEO Marketing

Smart Data Collective

An example of this keyword type would be “Chinese restaurant in Fort Lauderdale.’ Many mobile users will make queries like ‘Chinese restaurant near me’ so that they can find immediate services. Big data has become a very important part of modern business.

Marketing 268
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Foundry announces CIO50 NZ Awards

CIO

CIO New Zealand is proud to present the CIO50 NZ Awards for 2022 , recognising the top 50 senior technology executives who are driving innovation and influencing rapid change across their organisations.

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Big Data Drives Office Productivity into Overdrive

Smart Data Collective

“These, along with other big data tools, are being used both for the redesign of restaurant networks and for finding the best locations for new openings,” describes Carlos Peregrina. Big data is playing a massive role in countless industries.

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April 22nd, 2021 - Product Updates and Data Additions

Thinknum

Data Additions Stores Talabat Restaurant Delivery Image Salon Studios Traction Tithe.ly Product Updates Predict Auto Industry Sales Our car inventory dataset tracks the daily inventories of all major online dealerships through each vehicle’s unique VIN identification number. Users can filter by brand, year, car model, location and other attributes to predict car sales in real time.

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December 16th, 2020 - Product Updates and Data Additions

Thinknum

Product Updates Research Citations Page - Updated UI We improved our citations page UI by adding reports previews. See the list of our research citations to get a sense of how other analysts from top financial institutions use Thinknum to derive actionable insights.

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Why Companies Are Raising Prices Across Industries

Alpha Sense BI

Specifically, we chose to focus on: chemicals, machinery, beverages, food products, hotels, restaurants, & leisure, commercial services & supplies, and insurance. Hotels & Restaurants.

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Enabling Digital Transformation, Securely

CIO

Digital transformation goes well beyond reducing physical assets to bits. Digital transformation leverages software to re-invent the entire LBGUPS (Learn, Buy, Get, Use, Pay & Support) business value chain.

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14 Foolproof Ways to Increase Email Engagement

mention

In the same way that you’re more likely to pick a crowded restaurant over an empty one, social proof is the psychological phenomenon where people are more motivated to buy something when they see that other people have done it first.