What’s New in Restaurant Tech?
Companies in the food markets are going cyborg it would seem. Before you know it we’ll be able to email each other lattes. Well — maybe not quite — but Starbucks (NASDAQ:SBUX) is now working on using net-workable coffee makers, and The Red Fish Grill is deep frying with the aid of a fancy oil-management system — according to Bloomberg.
“Technology is one more tool they can use to increase customer satisfaction and quality of service,” said Hudson Riehle, the senior vice president of research at the National Restaurant Association. He noted that there would likely be an increase in web gadgetry at restaurants as they begin to see it as a competitive edge.
Susan Eutis, the president of WinterGreen Research Inc. announced that the price for chips in connected devices has gone done 80 percent over the past five years. Add to that Cisco‘s (NASDAQ:CSCO) new “Internet of Things Group” of 450 engineers, created in expectation of a boom in the connected devices industry. A rise in the presence of restaurant tech means good things for companies — like Cisco — that are helping produce these new technologies, and it also offers food and beverage chains new ways to save money.