Advance Analytics
The Spectrum of Analytics is reporting and descriptive analytics, which explains to the restaurants what has happened. For example, how many dinner entrees were sold last week, last month, and last quarter? The next level would be to dive deeper into root causes. For example, why are dinner entrees selling more on Wednesdays and not Tuesdays?
Restaurants drive performance by applying insights from advanced analytics in the following ways:
- Menu optimization.
- Customer segmentation.
- Staff optimization.
- Operations improvement.