Download - Technology is Transforming the Restaurant Industry

Transcript
Page 1: Technology is Transforming the Restaurant Industry

PRESENTER:BRIAN GRAHAMCHIEF OPERATING OFFICER

TECHNOLOGY IS TRANSFORMINGTHE RESTAURANTINDUSTRY 5.19.2014

Page 2: Technology is Transforming the Restaurant Industry

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

Page 3: Technology is Transforming the Restaurant Industry

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

Page 4: Technology is Transforming the Restaurant Industry

THE MARKET

MYSYRUS.COM

IS CHANGING

Page 5: Technology is Transforming the Restaurant Industry

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

Page 6: Technology is Transforming the Restaurant Industry

THE INTERNET IS TRANSFORMING THE ECONOMY

MYSYRUS.COM

Page 7: Technology is Transforming the Restaurant Industry

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

Page 8: Technology is Transforming the Restaurant Industry

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.

Page 9: Technology is Transforming the Restaurant Industry

LEVERAGING BIG DATA & ADVANCED ANALYTICS

IS CRITICAL

MYSYRUS.COM

Page 10: Technology is Transforming the Restaurant Industry

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

Page 11: Technology is Transforming the Restaurant Industry

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