Technology is Transforming the Restaurant Industry
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PRESENTER: BRIAN GRAHAM CHIEF OPERATING OFFICER TECHNOLOGY IS TRANSFORMING THE RESTAURANT INDUSTRY 5.19.2014
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Restaurant leaders will confront change on many fronts: in the way they organize their business, define their workforce, and use technology to interact with their guest and employees. Knowing the changing landscape is critical in making decisions not only today, but in the future. Technology is Changing. The Market is Changing. The Internet is Transforming the Economy. Leveraging Big Data and Advanced Analytics is Your Edge.
Transcript of Technology is Transforming the Restaurant Industry
PRESENTER:BRIAN GRAHAMCHIEF OPERATING OFFICER
TECHNOLOGY IS TRANSFORMINGTHE RESTAURANTINDUSTRY 5.19.2014
SYRUS OPTIMIZES RESTAURANT BUSINESS WITH FLEXIBLE, PROVEN BACK-OFFICE RESTAURANT MANAGEMENT SOFTWARE.
!INVENTORY | ORDERING | LABOR MANAGEMENT | FOOD COST MANAGEMENT | ANALYTICS
KNOWLEDGE IS PROFIT
MYSYRUS.COM
RESTAURANT FORCES & EMERGING TRENDS
MYSYRUS.COM
UNION ORGANIZING
IMMIGRATION REFORM
MOBILE COMMERCE
SWIPE FEES
CHANGING DEMOGRAPHICS
MOBILE TECHNOLOGY
NEW CONCEPTS
SUSTAINABILITY
FOOD WASTE
ENERGY & AGRICULTURE POLICY
LABOR & WORKFORCE
HEALTHCARE
MINIMUM WAGE
TIPS
FOOD SAFETY
MENU LABELING
SODIUM
BEVERAGE BAN
MENU INNOVATION
PROTEIN PRICES
HEALTHY MENU OFFERINGS
MYSYRUS.COM
+ WHILE SHRINKING BOOMERS WILL STILL
INFLUENCE THE MARKET
CHANGING DEMOGRAPHICS (CONSUMER AND WORKFORCE)
+ GENERATION Z, MILLENNIALS, AND HISPANICS WILL BE
GROWTH DRIVERS IN THE NEXT 5 YEARS
+ THE PROPENSITYOF MILLENNIALS TO
ADOPT (AND DEMAND) NEW
TECHNOLOGY
+ LABOR COSTS: UNCERTAINTIES CREATE
NEW OPPORTUNITIES
+ AN EVOLVING WORKFORCE AND
NEW TECHNOLOGYCREATE GAPS
1 YEAR
MYSYRUS.COM
PEOPLE CURRENTLY USING SMARTPHONES
AND TABLETS
MOBILE INTERNET
MORE PEOPLE WITH ACCESS TO THE
INTERNET IN 2025
SALES GROWTH OF MOBILE DEVICES SINCE
2007 iPhone LAUNCH
BILLIONBILLION + 600%1.1 2-3 6x
DURING 2015 WIRELESS WEB USE IS EXPECTED TO EXCEED WIRED USE
THE INTERNET OF THINGS
MYSYRUS.COM
+ 2008, THE NUMBER OF “THINGS” CONNECTED TO THE INTERNET EXCEEDED THE NUMBER OF PEOPLE
ON EARTH
+ BY 2020, ESTIMATES RANGE FROM MORE THAN
50 BILLION DEVICES TO MORE THAN A TRILLION THESE “THINGS” ARE NOT JUST SMARTPHONES
AND TABLETS…. THEY’RE EVERYTHING.
MYSYRUS.COM
THE AMOUNT OF DATA IN THE WORLD DOUBLES EVERY TWO YEARS
+ ONLY AN APPROXIMATE 17% OF COMPANIES ARE LEVERAGING BIG DATA
BIG DATA & ADVANCED ANALYTICS
+ COMPANIES THAT UTILIZE BIG DATA ARE ON
AVERAGE 4% MORE PRODUCTIVE AND 6% MORE PROFITABLE
KNOWLEDGEIS PROFIT
MYSYRUS.COM | 800 647 1560
+ TECHNOLOGY IS CHANGING + THE MARKET IS CHANGING + THE INTERNET IS TRANSFORMING THE ECONOMY + LEVERAGING BIG DATA AND ADVANCED ANALYTICS IS YOUR EDGE
