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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

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. Clustering algorithms, for example, are well suited for customer segmentation, community detection, and other social-related tasks.

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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.

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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. This involves using tools like Grammarly that use AI algorithms to identify grammatical and spelling errors.

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Big Data Drives Office Productivity into Overdrive

Smart Data Collective

Similar tools can offer superior lighting to keep the office illuminated in a way that maximizes employee engagement by adjusting with machine learning algorithms. There are a number of picture lighting tools that can improve the aesthetics of offices that show off pictures to their clients.

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Predictive Tourism: The Merger Of Big Data In Travel Industry

Smart Data Collective

Travel booking is only one of the areas being heavily automated by machine learning algorithms. Information can be sourced from review sites, social media, internet forums and travel publications. All of this data, cumulatively, processed in order to find the trends that matter.

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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.

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