The blog post is a how-to for restaurant owners or managers to collect and analyze data about their restaurant in order to make better and more profitable business decisions. Topics include pricing, staff and inventory predictions, popular and unpopular menu items, identifying and rewarding loyal/returning customers are discussed to lower expenses and increase revenue.

Key Takeaways:

• Every customer walking in, every food item ordered, each new tweet or Facebook post, every transaction recorded, each shift of employees working, any promotion offered are all the myriad forms in which valuable data is manifesting today.
• Cleaning and preparing the data poses a huge challenge and requires expertise to merge different data sets, convert them to usable formats, filter out the bad data and then set the ball rolling for meaningful analysis to be done on the prepared data.
• Hypothesis driven approach toward data analytics always proves to be the best when evaluated basis the returns on investment. This is also where the business understanding and judgment comes into picture.

“Hypothesis driven approach toward data analytics always proves to be the best when evaluated basis the returns on investment.”

https://www.qsrmagazine.com/outside-insights/turning-data-dollars-your-restaurant