Foodspark - Food Data & insights

  Are you aware that the food service industry is   forecasted to cross   $1.77 trillion in the year 2030? This incredible growth projection indicates the intense competition in the restaurant industry, where information is crucial to success. Accordingly, restaurant analytics plays an important role in identifying the approach that leads to a successful restaurant establishment based on consumer behavior analysis and improving the operation’s effectiveness. As in most industries, particularly in the quick-service restaurant environment, location plays a crucial element in the sustenance of any business. Fast-food business strategy predates getting to the right place to deliver products to customers at the right time. However, the place is not the only thing that needs to be chosen with intuition; some analysis is also required there. What is Location Analytics? Location analytics is the study of location or spatial data to gain insights for business decision-making. This...

  The restaurant industry is prevalent in America and is incorporated tremendously into the country’s food market. Whether eating in or ordering from their seats, customers want good, freshly prepared meals delivered to their doorstep or office. Customers wish to satisfy eating places that provide attractive food coupled with complimentary elements at reasonable charges. In the report by  Toast , 95 % of restaurant owners believe that technology helps their line of business. This is so because, apart from easing daily operations, technology brings to bear data that is imperative for business success. Sales data, customer orders, stock, and employee productivity can be other indicators to notice tendencies and have essential advantages that make restaurants more profitable and happier. What is Restaurant Data Analytics? Restaurant analytics is the operations that collect and analyze data about a specific restaurant to make the proper decision. Such information may be related to...