Restaurant Business Intelligence & Analytics Statistics 2024 – Everything You Need to Know

Steve Bennett
Business Formation Expert  |   Fact Checked by Editorial Team
Last updated: 
WebinarCare offers informative content for educational purposes only, not as a substitute for professional legal or tax advice. We may earn commissions if you use the services we recommend on this site.
WebinarCare is led by Steve Bennett, a seasoned expert in the business world. He's gathered a team that's passionate about giving you reliable advice on everything from starting a business to picking the right tools. We base our tips and guides on real-life experience, ensuring you get straightforward and proven advice. Our goal is to make your business journey smoother and more successful. When you choose WebinarCare, you're choosing a trustworthy guide for all things business.

Are you looking to add Restaurant Business Intelligence & Analytics to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Restaurant Business Intelligence & Analytics statistics of 2024.

My team and I scanned the entire web and collected all the most useful Restaurant Business Intelligence & Analytics stats on this page. You don’t need to check any other resource on the web for any Restaurant Business Intelligence & Analytics statistics. All are here only 🙂

How much of an impact will Restaurant Business Intelligence & Analytics have on your day-to-day? or the day-to-day of your business? Should you invest in Restaurant Business Intelligence & Analytics? We will answer all your Restaurant Business Intelligence & Analytics related questions here.

Please read the page carefully and don’t miss any word. 🙂

Best Restaurant Business Intelligence & Analytics Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 48 Restaurant Business Intelligence & Analytics Statistics on this page 🙂

Restaurant Business Intelligence & Analytics Market Statistics

  • The company’s experiments in the Australian market have rendered it capable of identifying up to 24% of all Australian users who will close their accounts within four months. [0]
  • Here are a few social media restaurant statistics to help make up your mind 10% of restaurant guests said that a restaurant’s social media or email marketing tactics influence them to return to a restaurant. [1]
  • The global Business Intelligence and Analytics Software market size is projected to reach USD 33770 Million by 2026, from USD 23940 Million in 2020, at a CAGR of 5.9% during 2021. [2]
  • DoorDash has never made a profit and although the US food delivery market is consolidating, it still looks unlikely that it will post a profit in 2021. [3]
  • According to Edison Trends, DoorDash controls 45 percent of the US food delivery market Launch date July 2013. [3]
  • Organizations typically use modern BI tools when business users need insight into quickly changing dynamics, such as marketing events, in which being fast is valued over getting the data 100 percent right. [4]

Restaurant Business Intelligence & Analytics Software Statistics

  • Hopefully, it’ll assist you in determining which functions must be present in the app you’re developing or choosing 36% of restaurant professionals consider labor software as extremely important. [1]

Restaurant Business Intelligence & Analytics Latest Statistics

  • Univision achieved an 80% growth in yield during the first quarter after implementing business intelligence. [0]
  • The company processes 35% of U.S. mortgage applications. [0]
  • The service is so good at targeted content promotion that its recommendation system drives over 80% of streamed content. [0]
  • human users identify 95% of suspended terrorism. [0]
  • Restaurants are also capturing only 45% of the share in food spending from consumers. [1]
  • Compared to 51% during pre pandemic levels, 2020 was not a good time for the food industry. [1]
  • As of January 2021, there was a 65.91% yearonyear decline in consumers dining in restaurants in the U.S. as a result of the COVID. [1]
  • The restaurant industry’s share of the food dollar in the United States is 51%. [1]
  • 8.1% – The percentage increase in debt between 2019 and 2020 for limited. [1]
  • In 2020, 50% of limitedservice restaurants became distressed businesses due to changes in consumer behavior brought about by the COVID. [1]
  • Since October 2020, 83% of fine dining restaurants expected lower sales in six months. [1]
  • In 2020, 63% of fullservice restaurants became distressed businesses due to changes in consumer behavior brought about by the COVID. [1]
  • Over 60% of adults have worked in the restaurant industry at some point during their lives. [1]
  • Nearly 50% of Americans got their first job experience in a restaurant. [1]
  • 53% of restaurants use cash out tips as a tipping method. [1]
  • 54% of guests say that online reservation is the most important technology feature. [1]
  • Likewise, 41% say it’s free Wi. [1]
  • According to Brandwatch, there are 3.03 billion active users on social media. [1]
  • 50% of consumers expect a response on social media within 30 minutes. [1]
  • However, only 50% of companies meet this expectation. [1]
  • 67% of restaurants are planning to use social media advertising in 2019. [1]
  • 20% to 40% –. [1]
  • 54% of them go out at least thrice a week to eat according to USA Today. [1]
  • According to nrn.com, digital delivery and ordering has grown around 300% faster compared to dine in traffic from 2014. [1]
  • Studies from The Perry Group and The Restaurant Brokers suggest that 90% of restaurants that are independently owned close within one year of opening. [5]
  • Moreover, 70% of restaurants that manage to survive for 12 months close their doors within the next three to five years. [5]
  • Andiamo Improves Inventory Management and Cuts Costs by 4 Percent Fast access to sales performance metrics and inventory data. [6]
  • Over 5.7 million Applebee’s customers provided feedback via tabletop device surveys, showing a 7% improvement in overall guest satisfaction by the end of 2017. [7]
  • The relaunch of Applebee’s ToGo doubled from 9% to 18% of revenue in 2017 and was optimized with the improved Applebee’s app spearheading the brand’s mobile. [7]
  • When Generation Z guests are considered, 45% of Applebee’s guests are 34 or younger, according to their Investor Day presentation. [7]
  • Business Intelligence & Analytics Software Market Size is USD 33770 Million by 2026 at CAGR 5.9%. [2]
  • It grew at a rate of 20 percent every week, according to Y Combinator. [3]
  • In 2020, DoorDash was responsible for 45 percent of all food delivery orders, holding a double digit advantage over everyone else. [3]
  • DoorDash increased its revenue by 69% to $4.88 billion in 2021. [3]
  • DoorDash has not made a profit, although losses decreased by 30 percent from 2019 to 2020. [3]
  • According to its corporate overview, DoorDash has completed over 900 million orders since inception. [3]
  • DoorDash average order size was $37.28, only 20 percent spent more than $50. [3]
  • According to the Bureau of Labor Statistics, employment in STEM occupations is expected to grow 10.5% between 2020. [8]
  • Businesses that use analytics can Still, only 12% of companies leverage the power of data. [9]
  • boost their profits by 8% to 10%. [9]
  • Studies have also shown that businesses that use analytics increased their productivity by 17% and improved their products or services by 12%. [9]

I know you want to use Restaurant Business Intelligence & Analytics Software, thus we made this list of best Restaurant Business Intelligence & Analytics Software. We also wrote about how to learn Restaurant Business Intelligence & Analytics Software and how to install Restaurant Business Intelligence & Analytics Software. Recently we wrote how to uninstall Restaurant Business Intelligence & Analytics Software for newbie users. Don’t forgot to check latest Restaurant Business Intelligence & Analytics statistics of 2024.

Reference


  1. netsuite – https://www.netsuite.com/portal/resource/articles/business-strategy/business-intelligence-examples.shtml.
  2. financesonline – https://financesonline.com/restaurant-statistics/.
  3. prnewswire – https://www.prnewswire.com/in/news-releases/business-intelligence-bi-amp-analytics-software-market-size-is-usd-33770-million-by-2026-at-cagr-5-9-valuates-reports-803488265.html.
  4. businessofapps – https://www.businessofapps.com/data/doordash-statistics/.
  5. cio – https://www.cio.com/article/272364/business-intelligence-definition-and-solutions.html.
  6. datapine – https://www.datapine.com/blog/benefit-from-your-data-with-restaurant-analytics/.
  7. oracle – https://www.oracle.com/industries/food-beverage/restaurant-pos-systems/restaurant-analytics/.
  8. michiganstateuniversityonline – https://www.michiganstateuniversityonline.com/resources/business-analytics/dining-on-big-data/.
  9. mastersindatascience – https://www.mastersindatascience.org/learning/what-is-business-analytics/.
  10. dgenious – https://dgenious.com/restaurant-analytics/.

How Useful is Restaurant Business Intelligence Analytics

Restaurant Business Intelligence Analytics: Unlocking the Power of Data for Success

In today’s fast-paced and highly competitive restaurant industry, it has become increasingly important for businesses to make informed decisions quickly and efficiently. With ever-evolving consumer preferences, changing market dynamics, and intense competition, restaurant owners and operators need valuable insights to stay ahead of the game. This is where Restaurant Business Intelligence (RBI) analytics steps in, offering a treasure trove of data-driven information that can revolutionize the way restaurants operate and thrive.

RBI analytics is a powerful tool that provides restaurateurs with valuable information across a variety of areas, including sales, customer preferences, trends, operational efficiencies, and inventory management. By analyzing and dissecting this data, restaurant owners can gain key insights into their business operations, helping them make better-informed decisions and strategically plan business initiatives.

Perhaps one of the most significant benefits of RBI analytics is its ability to identify patterns and trends in consumer behavior. By examining customer preferences, businesses can personalize their offerings, ensuring greater satisfaction and increased loyalty. For example, understanding which menu items are popular among specific demographics or identifying peak hours of customer traffic can lead to more effective marketing campaigns, targeted promotions, and better overall customer experiences.

Furthermore, RBI analytics can support in streamlining operations to enhance efficiency and reduce costs. By meticulously examining sales data, restaurants can identify slow-moving inventory or wasteful practices. This information can guide decisions to optimize purchasing quantities, minimize waste, and improve overall supply chain management. Consequently, not only does this allow for improved financial outcomes, but it also promotes sustainability, a key consideration in the modern business landscape.

The benefits of RBI analytics go beyond day-to-day operations and also extend to long-term strategic planning. By analyzing data on industry trends and economic indicators, restaurant owners can make competitive decisions on market expansion, concept diversification, and their overall value proposition. This comprehensive analysis allows them to stay ahead of changing consumer preferences, capitalize on emerging markets, and align their offerings with future demographic shifts.

Another crucial advantage of RBI analytics lies in its ability to help restaurant businesses enhance their decision-making process. Traditionally, decisions in the restaurant industry relied on intuition and experience. While these remain valuable assets, utilizing data-driven insights allows decision-makers to remove subjective biases and base their choices on objective evidence. Consequently, potential risks can be identified and mitigated in advance, resulting in more successful outcomes.

Moreover, RBI analytics can uncover hidden revenue opportunities for restaurants. Through detailed analysis of customer spending habits and purchase patterns, operators can identify untapped opportunities to upsell or cross-sell. This collaborative approach of understanding the consumer promotes a more personalized guest experience, leading to increased customer satisfaction and improved financial gains.

Nonetheless, while restaurant business intelligence analytics offers an array of powerful advantages, its full potential can only be realized by restaurant owners who are committed to investing in the right technology, resources, and employee training. Without a proper strategy and understanding, these data analytics can easily overwhelm and confuse operators, rendering them unable to harness the full potential of these insights effectively.

In conclusion, restaurant business intelligence analytics has undeniably become an indispensable tool in today’s dynamic and competitive restaurant industry. The ability to analyze vast amounts of data to make informed decisions is no longer a luxury but a necessity for success. By leveraging the power of RBI analytics, restaurant owners and operators can significantly improve their operations, elevate customer experiences, enhance profitability, and unlock their full growth potential. Hence, every restaurant with aspirations to thrive should wholeheartedly embrace the vast possibilities brought forth by restaurant business intelligence analytics today.

In Conclusion

Be it Restaurant Business Intelligence & Analytics benefits statistics, Restaurant Business Intelligence & Analytics usage statistics, Restaurant Business Intelligence & Analytics productivity statistics, Restaurant Business Intelligence & Analytics adoption statistics, Restaurant Business Intelligence & Analytics roi statistics, Restaurant Business Intelligence & Analytics market statistics, statistics on use of Restaurant Business Intelligence & Analytics, Restaurant Business Intelligence & Analytics analytics statistics, statistics of companies that use Restaurant Business Intelligence & Analytics, statistics small businesses using Restaurant Business Intelligence & Analytics, top Restaurant Business Intelligence & Analytics systems usa statistics, Restaurant Business Intelligence & Analytics software market statistics, statistics dissatisfied with Restaurant Business Intelligence & Analytics, statistics of businesses using Restaurant Business Intelligence & Analytics, Restaurant Business Intelligence & Analytics key statistics, Restaurant Business Intelligence & Analytics systems statistics, nonprofit Restaurant Business Intelligence & Analytics statistics, Restaurant Business Intelligence & Analytics failure statistics, top Restaurant Business Intelligence & Analytics statistics, best Restaurant Business Intelligence & Analytics statistics, Restaurant Business Intelligence & Analytics statistics small business, Restaurant Business Intelligence & Analytics statistics 2024, Restaurant Business Intelligence & Analytics statistics 2021, Restaurant Business Intelligence & Analytics statistics 2024 you will find all from this page. 🙂

We tried our best to provide all the Restaurant Business Intelligence & Analytics statistics on this page. Please comment below and share your opinion if we missed any Restaurant Business Intelligence & Analytics statistics.




Leave a Comment