{"id":6003,"date":"2023-04-21T05:33:49","date_gmt":"2023-04-21T05:33:49","guid":{"rendered":"https:\/\/brizodata.wpengine.com\/?p=6003"},"modified":"2024-02-15T05:17:04","modified_gmt":"2024-02-15T05:17:04","slug":"ways-restaurant-data-is-improving-foodservice-operations","status":"publish","type":"post","link":"https:\/\/brizodata.com\/en\/ways-restaurant-data-is-improving-foodservice-operations\/","title":{"rendered":"8 Ways Restaurant Data is Improving  Foodservice Operations"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The restaurant and hospitality industry has always been extremely competitive. This is why the seemingly smallest edge can become a significant advantage for new establishments and brands attempting to either find their footing or maintain their market share. <\/span><span style=\"font-weight: 400;\">More and more, data analytics are proving to be that edge.\u00a0<\/span><span style=\"font-weight: 400;\">From a micro level \u2014 for instance, identifying the best operating hours \u2014 to a macro level such as looking for exploitable gaps in the market, data analytics are playing an increasingly important role in foodservice growth and success.\u00a0\u00a0<\/span><\/p>\n<h2>Making Big Data Accessible to All<\/h2>\n<p><span style=\"font-weight: 400;\">The <\/span><span style=\"text-decoration: underline;\"><a href=\"https:\/\/brizodata.wpengine.com\/the-importance-of-data-analytics-for-foodservice-industries\/\"><span style=\"font-weight: 400;\">use of data analytics<\/span><\/a><\/span><span style=\"font-weight: 400;\"> in the food industry is nothing new. Large restaurant chains were using consumer surveys to determine locations and menu offerings well before the digital era.\u00a0<\/span><span style=\"font-weight: 400;\">What is new, however, is that, unlike more traditional restaurant reporting and surveys that tend to look at data on a small scale, today\u2019s more holistic, aggregate analytics involve large sets of information.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What\u2019s also new is that user-friendly technology is making these analytics easily accessible to foodservice professionals at all levels in the industry. That includes restaurants \u2014 both chains and independents \u2014 as well as manufacturers, distributors, and any other business that buys or distributes food or related equipment and services.\u00a0<\/span><span style=\"font-weight: 400;\">All of these businesses,\u00a0 big and small alike now have the ability to harness the potential of big data \u2014 and it\u2019s having a huge impact right across the industry.\u00a0<\/span><\/p>\n<h2>Analytics: the Impact and Benefits<\/h2>\n<p><span style=\"font-weight: 400;\">A growing number of leading foodservice brands are discovering what a tremendous enabler analytics are. Among the benefits they\u2019re seeing:\u00a0<\/span><\/p>\n<h3>1. More Strategic Pricing &amp; Prospecting<\/h3>\n<p><span style=\"font-weight: 400;\">Analytics can help <\/span><span style=\"text-decoration: underline;\"><a href=\"https:\/\/brizodata.wpengine.com\/solutions\/restaurant-chains\/\"><span style=\"font-weight: 400;\">restaurant chains<\/span><\/a><\/span><span style=\"font-weight: 400;\"> and foodservice manufacturers and distributors refine their targeting and pricing. For example, the Brizo FoodMetrics platform lets users find establishments using median menu pricing. The filter uses precise, scrollable dollar values\u2014rather than (less specific) dollar signs\u2014for more accurate targeting. This helps restaurants better refine pricing, and for manufacturers and distributors, it helps narrow down the search for establishments in their ideal customer profile.<\/span><\/p>\n<h3>2. Improved Delivery Service<\/h3>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/brizodata.wpengine.com\/restaurant-database\/\"><span style=\"text-decoration: underline;\">Restaurant data<\/span><\/a> analytics can be invaluable for estimating delivery times. In addition to distance, restaurants collect and analyze information like weather, additional orders, and traffic volume in order to provide more accurate delivery estimates.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h3>3. Evidence-Based Decision-Making<\/h3>\n<p><span style=\"font-weight: 400;\">Just a couple of decades ago, foodservice professionals essentially needed a crystal ball (perhaps combined with good business intuition) to make decisions around new product development and market expansion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Today, whether they\u2019re deciding what POS to buy, whether to invest in kitchen robotics, which delivery platform is best, or even what to put on the menu, foodservice operators, manufacturers and distributors are making many key decisions by analyzing data-rich, actionable <\/span><span style=\"font-weight: 400;\">foodservice analytics<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h3>4. Improved Establishment-Supplier Relations<\/h3>\n<p><span style=\"font-weight: 400;\">The extremely competitive nature of foodservice means that relationships with partners and suppliers are crucial. And strong relationships are built on good service \u2014 which stems from knowing your market and always having the products and services that your customers need (even before they ask for them).\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Again, analytics offer a deep-dive perspective on what businesses \u2014 and consumers \u2014 are looking for. Not only can this insight identify areas with the most business potential, but the right analytics can also ensure that suppliers continue to serve these markets well, helping them reinforce their reliability.\u00a0<\/span><\/p>\n<h3>5. Greater Online Presence<\/h3>\n<p><span style=\"font-weight: 400;\">The fact is, everyone is online these days. They are buying online, getting directions online, doing research online. So as a <\/span><span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.lawinsider.com\/dictionary\/food-service-operator\"><span style=\"font-weight: 400;\">foodservice operator<\/span><\/a><\/span><span style=\"font-weight: 400;\"> \u2014 particularly a restaurant \u2014 you need to be online too. And you need to invest in building a positive online and social media presence.\u00a0 <\/span><span style=\"font-weight: 400;\">Data analytics \u2014 for example, the Web Footprint filters provided on Brizo FoodMetrics \u2014 can provide helpful insight into what competitors are doing online with their businesses, and where they\u2019re most active.<\/span><\/p>\n<h3>6. Insight Into Better Technology<\/h3>\n<p><span style=\"font-weight: 400;\">Adopting a new POS or delivery platform or kitchen automation solution involves research. What are other establishments using? Which systems are most popular? <\/span><span style=\"font-weight: 400;\">A platform like <\/span><span style=\"text-decoration: underline;\"><a href=\"https:\/\/brizodata.wpengine.com\/\"><span style=\"font-weight: 400;\">Brizo FoodMetrics<\/span><\/a><\/span><span style=\"font-weight: 400;\"> can provide that insight.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you\u2019re a restaurant, it can shorten the research phase of your buying journey. And if you\u2019re a food technology developer, it can help you dive deeper into the needs and wants of your customer, so you can ensure you meet them.\u00a0<\/span><\/p>\n<h3>7.\u00a0 More Accurate Costing and Reduced Waste<\/h3>\n<p><span style=\"font-weight: 400;\">Analytics can provide detailed insight into factors that help you control costs and reduce waste. <\/span><span style=\"font-weight: 400;\">For example: portion control. <\/span><span style=\"font-weight: 400;\">One of the keys to reducing food waste is through more targeted portion sizing.\u00a0<\/span><span style=\"font-weight: 400;\">Portion sizing is also a critical factor in determining and controlling costs accurate menu pricing.\u00a0<\/span><span style=\"font-weight: 400;\">These are two ways that the size of your portions can have a profound impact on your operations. And data analytics \u2014 gaining insight into portion sizing of your competitors \u2014 can help with both, enabling you to refine your menu strategy.<\/span><\/p>\n<h3>8. Faster Location Selection<\/h3>\n<p><span style=\"font-weight: 400;\">Location, location, location. Where a restaurant is situated is often as important as the quality of the food or service. Aside from factors like market size and potential exposure, your address also dictates the food and equipment suppliers available to you, while also influencing your customers\u2019 perception of you.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Overall, analytics can fast-track your location selection by showing you which markets are growing, and for what kinds of food establishments. They can tell you whether these establishments are independent or are part of larger chains. They can reveal cultural influences and regional cuisine preferences that will help you determine what will work best on your menu.\u00a0\u00a0<\/span><\/p>\n<h2>Final Words<\/h2>\n<p><span style=\"font-weight: 400;\">Restaurant analytics are truly a game-changer when it comes to optimizing everything from choosing your location to adopting technology to setting menu prices. Data-driven insight helps you operate faster, more efficiently, and more cost-effectively.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Analytics are also a great way to speed up your ROI: Rather than waste time and money on fruitless research and prospecting, you\u2019re able to get right to the markets and suppliers that you need to be successful.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The restaurant and hospitality industry has always been extremely competitive. This is why the seemingly smallest edge can become a significant advantage for new establishments and brands attempting to either find their footing or maintain their market share. More and more, data analytics are proving to be that edge.\u00a0From a micro level \u2014 for instance, [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":6007,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[65],"tags":[],"class_list":["post-6003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sb"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.3 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>8 Ways Restaurant Data is Improving Foodservice Operations<\/title>\n<meta name=\"description\" content=\"Discover how restaurant data are revolutionizing foodservice operations in these impactful ways. 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