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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

Retailers often use predictive models to forecast inventory requirements, manage shipping schedules, and configure store layouts to maximize sales. Hotels, restaurants, and other hospitality industry players can use the technology to forecast the number of guests on any given night in order to maximize occupancy and revenue.

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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. MealConnect’s algorithm helps optimize transportation routes. Analytics, CIO 100, Data Management

Banking 531
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Big Data Drives Office Productivity into Overdrive

Smart Data Collective

With regards to big data in back offices, the large amount of information that various applications can manage makes them an essential tool for improving productivity. Similar tools can offer superior lighting to keep the office illuminated in a way that maximizes employee engagement by adjusting with machine learning algorithms.

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4 Wonderful Ways to Use Big Data in Local SEO Marketing

Smart Data Collective

Companies are using big data technology to improve their human resources, financial management and marketing strategies. An example of this keyword type would be “Chinese restaurant in Fort Lauderdale.’ This involves using tools like Grammarly that use AI algorithms to identify grammatical and spelling errors.

Marketing 363
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Top 5 Data-Driven Lease Accounting Software Solutions

Smart Data Collective

Accountants are using new software with sophisticated machine learning algorithms to better address the nuances of their situations. These can undoubtedly wreck your regulatory compliance, decision-making abilities, and financial performance when managing your leases. Big data has radically changed the accounting profession.

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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 370