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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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How Search Engines Work: A Guide to Search Engine Algorithms

SpyFu

To discover, categorize, and rank the billions of websites that make up the internet, search engines employ sophisticated algorithms that make decisions on the quality and relevancy of any page. These decisions are guided by an algorithm. Understanding how an algorithm works helps you create content that ranks better for each platform.

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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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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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10 Big Data Examples Showing The Great Value of Smart Analytics In Real Life At Restaurants, Bars, and Casinos

Datapine Blog

By applying a series of algorithms to the massive amounts of customer data they possess, Netflix is able to predict what the user will watch next, but also offer a range of options based on the aforementioned data. The next of our examples of companies using big data applies to restaurants. What’s the motive? 7) We Missed You!

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Sysco’s recipe for growth centers on IT

CIO

We would be able to search and get feedback on restaurant or social trends about recipes and food and surf that back to us or to our customers.” Catalyzing change As complex as it is to write AI algorithms, technology is the easy part of Sysco’s next-generation Recipe for Growth, the CIDO says.

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