Embracing AI: A Recipe for Success in the Restaurant Industry
3 Min Read By Jana Zschieschang
Artificial intelligence (AI) isn’t new, but suddenly it’s everywhere. Stories of its perils or profits appear in everything you read, scroll, listen to, or watch, making it difficult to separate hype from help. Our Revenue Management Solutions (RMS) team believes AI falls into the latter category.
We also believe in the fast-paced world of the restaurant industry, Artificial Intelligence (AI) is emerging as a key ingredient for success. Contrary to the fear of replacing human expertise, its true power lies in extracting invaluable information and data to aid operators and franchisors in making informed decisions.
Applications of AIAI applications range from mining competitor data to complex analyses of transactional data and P&Ls. By leveraging AI, franchisors can gain insights into their highest expenditures and identify potential cost-cutting measures.
Inventory management becomes a breeze with AI-driven tools that assist in supply chain forecasting. These smart tools…
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