Hospitality Technology's 2023 POS Software Trends Report: Leveraging Data & Analytics shares restaurant operators' plans for POS purchases, business drivers impacting investments, top features and functionalities, and priorities for leveraging data.
There's unprecedented demand for innovative tools that allow customers to drive their own travel, lodging, and dining experiences, including self-service, contactless transactions, messaging apps, food delivery, mobile ordering & payments, and more.
In this year’s study, HT finds that restaurants remain cautious and will practice conservative technology spending. IT investments in 2020 will seek to deliver on strategic goals by powering up and streamlining the path to purchase and will put a hyper-focus on practical innovation, costs.
Many restaurants that seem to be hitting the right metrics are actually losing money and don’t know it. That’s because they’re not tracking some key data points: what their food costs should be versus what they actually are. Check out this infographic to learn how that plays out – and how to fix it.