The Roadmap of Internet of Things (IoT): Using Big Data for Beverage Management

The term, Internet of Things (IoT) is something we see in virtually every business article attached to inflated adjectives that will make any executive’s head spin.  And while some of this conversation is hyperbole, restaurant and bar owners would be remiss to ignore the trends.  When used effectively and if implemented along a clear roadmap, the IoT and advanced analytics can drive significant, sustained growth of the bottom-line for restaurant owners.

The Internet of Things is transforming the hospitality business throughout the value chain.

Simply put, IoT is the connection of everyday physical objects to the Internet in order to gather real-time data about performance, operational effectiveness, malfunctions, etc. With the improvement of sensor technology, IoT adoption has become rampant in almost every industry, including insurance, advanced manufacturing, energy, and medical devices to name a few. The restaurant business – an industry in which operational precision…