Predictive analytics is a relatively new and rapidly evolving discipline that subjects huge amounts of historical data to statistical modeling and machine learning to make predictions about future events.
While the restaurant industry remains in constant flux due to ever-changing COVID restrictions, a focus on return to profitability is crucial. Restaurant video technology will be front and center in those efforts.
Recent years have seen dramatic changes in the restaurant business and the technology it uses. Some of these innovations will be permanent; others may prove to be “here today, gone tomorrow” fads.
The adoption of restaurant technology is changing the industry at an unprecedented rate. And the impact of the COVID-19 pandemic has only accelerated this trend.
The Ordermark team invited Jeremy Julian from Restaurant Technology Guys, Jim Roddy of the RSPA and Founder CEO Alex Canter to talk Restaurant Technology, Employees and Payments. Check out Alex at www.ordermark.com and Jim at www.gorspa.org.
Point of sale (POS) systems keep restaurants running, but they are often the last piece of equipment in the restaurant to get an upgrade. As modern POS evolves and improves, old systems fall further behind, putting restaurants that fail to keep up at a disadvantage. As this POS Nation case study says, advances in POS software will always outgrow your existing hardware. Free software updates are useless if the hardware doesn’t have the processing power to run it. In fact, newer software usually takes up more space on older computers, which can lead to even slower loading times and other problems. A realistic life expectancy for most on-site POS systems is five to seven years. While that may seem short, think about the electronics