According to PAR CTO Chas Wurster, the average data breach costs $4 million and impacts 25,000 customer records. If you haven’t seen 2020 and Beyond: 10 Restaurant Cybersecurity Best Practices for Every Concept, you can view the full webinar here. Here are 3 facts to keep in mind before you watch: 1 – Big Investments
There is perhaps no better sign of the times than Taco Bell’s new Cantina concept replacing a Radio Shack in Chelsea, New York. We’ve known for many years now that technology is so pervasive, we no longer need physical stores to buy it. The buying habits of Generation Z, the generational cohort of people born
In the smartphone era where everything is right at your fingertips, social media serves as one of the most engaging and influential means of brand-to-customer interaction. According to PAR’s 2019 Restaurant Technology Trends Report, there are 60 million active business pages on Facebook and 3.1 billion people using social media. With so many competitors and
Managing a restaurant can be challenging enough. Perfecting the ideal dining experience, understand consumer buying behaviors, creating the perfect menu, instilling the correct staff, and focusing on what drives profit and revenue are all areas most restaurant owners want and need to focus on. Worrying about their point of sale systems, or cloud POS software
Whether you’re a corporate franchisee, a single unit operator, or an up and coming new trend, restaurant brands have more choices than ever before when it comes to their technology stack. The restaurant industry itself is experiencing a revival due to increasing consumer demands. As a result, restaurant technology is subsequently undergoing a resurgence of
Do you have the point of sale solution for your restaurant? With countless options on the market today, it’s important to determine not only that your software and hardware portfolios align with your business goals, but that the associated cost and various payment programs align with your financial situation as well. Recent investment models such
Restaurant owners are leveraging integration partners through various cloud-based architecture and API’s in order to create the complete technology portfolio. API stands for Application Programming Interface and is defined as a set of functions and procedures allowing the creation of applications that access the features or data of an operating system, application, or other service.
The Cronut. Kale. Unicorn Frappuccinos. Every year, customers are treated to an ever-growing and increasingly exotic selection of menu items influenced by everything from healthy food trends to popular culture. But what does it mean to truly follow the trends, and does it make sense for every restaurant to jump on the bandwagon? First off,
Human beings are living in a hyper-connected world, where the demand to manage and juggle multiple careers, responsibilities, family members, and other various obligations have become our current society’s version of normalcy. With over-scheduled, over-committed and fast-paced lifestyles being the new standard of living, consumers are feeling stretched thin more than ever before, and are
Warren Buffett once?offered?some concise and simple advice to?help people grow our?businesses?and,?in general, live?their?lives.? “Rule number one: never lose money,” Buffett said.?“Rule number two: never forget rule number one.”? When it comes to buying new technology to support your restaurant’s?operations, it’s always best to pay cash, right? The?conventional thinking is?that financing adds a stream of interest?expense?to
There are very few things more exciting than the thought of starting your own restaurant. Perhaps you’ve been working for another owner for several years learning the trade and have finally decided to strike out on your own. Or maybe you’re leaving a corporate job to follow your dream?of?opening?a little place?and finally get to?do something
Technology has always been a big part of my career, and over the last 12 years, I have applied my skills and experiences to the hospitality industry in an effort to support food service operators in their quest to master their takeout, delivery and catering sales channels and operations. At Monkey Group, we pivoted our