Insurance companies MUST position themselves as Risk Management Companies who can decrease customer’s risk with IoT devices by monitoring and controlling risks by the customers themselves.
(i) Decrease Risk percentage
(ii) Lower Premium
(iii) Freemium Risk Monitoring & Controlling Gadgets/Apps
(iv) In the event of Risk, the customer is compensated as per claims policy
(i) Though the premium income is less, the volume would be very high.
(ii) By decreasing customer’s Risk, the insurance companies are minimizing the claim disbursements. The unclaimed premium amount is more thus increasing the overall profit.
(iii) Can introduce special/customized insurance products.
Today when asked about artificial intelligence (AI), many people start painting science fiction inspired images of machine-ruled futures and robots completing manual tasks for human beings. To them, AI is only a concept, something that’s going to happen tomorrow.
In reality, artificial intelligence is already part of our lives. We use AI every day. It’s not only on your smartphones, laptops and cars, it’s everywhere.
For the last few years, AI has entered the consciousness of every industry. It has become part of mainstream conversations. Businesses of all shapes and sizes are considering artificial intelligence to solve real business problems.
In the past, only the largest corporations could afford to invest in AI technology, but things are changing fast. In fact, the high-speed growth of AI makes it more likely that startups and younger businesses will be able to embrace the technology earlier than their corporate colleagues.
According to a PricewaterhouseCoopers (PwC) report, the global economy can see a potential contribution of $15.7 trillion from AI by the year 2030. China and North America will receive almost 70% of this potential global GDP growth.
Artificial intelligence can be used to solve problems across the board. AI can help businesses increase sales, detect fraud, improve customer experience, automate work processes and provide predictive analysis.
Industries like healthcare, automotive, financial services and logistics have a lot to gain from AI implementations. Artificial intelligence can help healthcare service providers with better tools for early diagnostics. The autonomous cars are a direct result of improvements in AI.
Financial services can benefit from AI-based process automation and fraud detection. Logistics companies can use AI for better inventory and delivery management. The retail business can map consumer behavior using AI. Utilities can use smart meters and smart grids to decrease power consumption.
The rise of chatbots and virtual assistants are also a result of artificial intelligence. Amazon’s Alexa, Google’s Home, Apple’s Siri and Microsoft’s Cortana are all using AI-based algorithms to make life better. These technologies will take more prominent roles in dictating future consumer behavior. Most of your future transactions will be completed with the help of an AI-based chatbot or virtual assistant.
Implementing machine learning and AI is going to have a major impact on your organization’s efficiency. Intelligent systems can automate a great amount of your work and help reduce the risk of human errors. As time goes by, your systems will learn and get smarter. It will result in better outcomes.
Many businesses are starting to recognize the significant benefits and the potential competitive edge they can gain from using AI. There’s a growing interest from every industry about exploring the possibilities.
Organizations are already using artificial intelligence to make practical decisions.
With so much conversation about AI, there is a real fear of losing out. Remember that it’s only the beginning of the AI revolution. According to Gartner 2018 CIO survey (registration required), only 4% of surveyed companies have invested and deployed an AI-based solution. The rest of the companies are at various planning stages. So if you don’t have an AI-based solution yet, don’t panic. It’s important to start looking at possible tools for your business.
Take a good look at your business and determine what strategic pain points can be eliminated using AI-based solutions. AI can provide predictive analytics for your business. It can help you automate tasks. Through examination, you can determine the right objectives for your business.
Any new technology comes with risks, but the only way to master the technology is through using it and learning from your mistakes. You can take initiatives with smaller scopes and critically evaluate every failure. It will help you understand your risk factors and give you data to make better decisions in the future.
To implement AI solutions in the real world, you need AI developers. Due to the fast-growing AI market, developers are a scarce resource. Furthermore, in order to train and deploy the AI applications, developers need access to scalable and affordable computational infrastructure that can support the necessary AI processing. Also, they need raw data and specialists for data labeling, model output validation and more. Building this AI infrastructure is time-consuming and costly. Most companies simply can’t afford to hire 100 data mappers in-house and implement the infrastructure to support them, but there are services available that make AI app development accessible and affordable for businesses. So you don’t have to build the infrastructure and the human capital from scratch. You can use these services to fast-track your AI efforts.
To win in any technology war, you need the right people and the right culture. Hiring employees takes time. Building a good culture takes time. You need to invest resources to improve your chances. While it’s expensive to invest in new technology and new talent, it’s worth it. It can transform your business.
The Internet of Things (IoT), while still in its infancy, is already changing the way industries are doing business. In fact, a comprehensive IoT statistics from Medium states that the B2B IoT market will make over $300 Billion yearly by 2020, which includes $85B of the industrial sector.
Organizations expect that IoT technologies will help them refine their customer experience (70%) and enable safety (56%). Furthermore, attaining cost efficiencies, enhancing organizational abilities, and last but not definitely not the least – gaining supply chain visibility (53%) are the three most common uses of data that is generated and gathered using IoT technologies.
Supply chain management, although often overlooked by the general public, is a business aspect that IoT will make the most significant impact, according to many industry experts. In fact, some IoT technologies have been in place for some time, such as commercial telematics now being used in trucking fleets to improve logistics efficiency. Other cutting-edge applications – like sensors attached to industrial uniforms to monitor personnel safety and health – are just being tested nowadays.
Read on as we discuss in this infographic the different supply chain management use cases that have been enabled by the IoT.
Reference Source: http://www.albalogistics.com/
Online shopping has a ton of momentum this year and it’s not expected to slow down any time soon. As for Last year as a whole, there have been some astonishing facts and themes that indicate how consumers are evolving and how Food industry and Retailer will need to adjust their strategies moving forward by changing the approach to Digital Transformation where we have analysed and given some interesting facts below to use AVA ROOS.
1. Two out of five customers are fine interacting with chatbots.
Move over live-chat. Nearly half of customers are comfortable using chatbots, according to recent research by a powered customer engagement and experience solutions provider. There’s plenty of room for retailers to invest in chatbots, all which will lead to getting information and completing a transaction easier and faster. Keep a lookout for AVA ROOS leveraging Facebook Messenger bots to interact with customers, or at the least, update them on their order statuses.
2. Fifty-five percent of consumers would rather interact with technology in store than a sales associate which is why we are creating a Waiter app which can solve the problem of waiting in Long queue for a customer where the waiter will be standing next to the customer with a Tablet or Smartphone to take an order.
According to the Research in finding ROOS we understood that buyers would appreciate a little more automation and that companies could redirect sales associates to other tasks. This reinforces consideration for tech solutions such as WAITER App for Restaurant by AVA ROOS to enhance the in-store experience or should reinforce the need to have enough content available for all products offered including placing the order with the Waiter.
3. We saw that desktop visits converted at 2.4 times the rate of smartphone visits, indicating that consumers still relied on their smartphones to research and then opt for the desktop to transact. According to ADI (Adobe Digital Insights), it was a $4.5 billion opportunity cost.
4. Fast forward to today and, so far, online retailers have seen 4% more visits than last year. Where Use of mobile coupons, in-store geolocation and push notifications are only at 57%, 22% and 34%, respectively.
5. Restaurants and Retailers can give consumers a more personalized experience, by giving on table Tablet with Games for kids and preparation of MENU in our Table booking app, but they have to be willing to invest in the technologies necessary to provide options.
6. Only 60% of retailers engage with customers through a loyalty app.
With our Existing Clients with their online booking app consumers are feeling recognized and rewarded for their purchasing efforts. Retailers who aren’t continuously encouraging and cultivating the relationship with their customers likely will suffer retention issues which are getting resolved by Gift vouchers, Gifting services, Reward points for referring new Client, Bonus points for doing first purchase and also Birthday offers with which at least the app users can be increased to 80% in upcoming years within 2020.
7. Seventy percent of customers would accept in-store tracking and mobile push notifications with incentives.
This is valuable data Buyers will allow retailers to alert and keep tabs, on them, but retailers need to learn about their customers to know what incentives are appropriate — dangle the carrot and continue to experiment.
8. Free delivery or minimum delivery charge is the incentive online shoppers want most (88%).
Though free Delivery or Minimum delivery is what customers want most, it’s not really about saving money. It’s about the perception of saving money, feeling like you snagged a deal. For which we give a solution to the client as giving delivery within certain kilometre radius where both Client and customer gets the benefit and also arrange for pickup service where it can save time for the client.
1) More than 67% people love to purchase through their mobile rather than a laptop, & other systems: Everyone knows how to operate a Smartphone & use many apps. So, it is very obvious people prefer to phone to purchase the products through mobile.
2) In the beginning of 2016, purchases made with smartphones accounted for 60% of all mobile sales: But now in 2018 the Smartphone Sales have boosted to 78% the smartphone make people crazy & hence, it the reason people prefer to use smartphone rather than any other.
3) The largest number of online purchases in the world is from Asia & some part of South Korea. The number of visits to retail sites and table reservation from smartphones has more than doubled since Last year.
Stickiness by Device by Category (2020)
4) Table reservation system is the fastgrowing sector in online ordering system : It is possible because people are more curious about eating food at their favourite restaurant with their beloved ones instead of getting disappointed when they end up reaching the hotel and see the restaurant doesn’t have a place due to increased people eating food in restaurants and take away and people would be prepared to install an app for booking a table especially using smartphones as its easy and quick to Reserve.
5) 33% of all mobile transaction worldwide completed in the U.S. and 40% of worldwide internet users have bought products or goods online via desktop, mobile, tablet or other online devices.
6) eBay-owned PayPal is one of the current market leaders with more than 14 billion US dollars in mobile payment volume alone.
7) 69% of tablet owners make a monthly purchase online.
More shoppers are than ever are checking a store website before heading out to the physical location.
Online is a major source of inspiration for gift shoppers and more shoppers are than ever are checking a store website before heading out to the physical location. Which is where AVA ROOS comes with a solution to Digital Transformation of your Restaurant or Retail Store into market reach and maximize your business.
India has emerged as one of the most dynamic retail industries in the world. Accounting for over 10 percent of the country’s Gross Domestic Product (GDP) and approximately 8 percent of the employment, it is expected to nearly double from US$ 600 billion in 2015 to US$ 1 trillion by 2020. That would mean a Compound Annual Growth Rate (CAGR) of 16.7 percent over 2015-2020.
The retail industry, which currently stands at US$ 625 billion, has evolved over the past decade with major domestic and international players playing a significant role. They have long-term plans of expanding business across verticals, cities and formats owing to a spurt in online retail activity in the last few years.
Keeping in mind growing online potential, not just brands but retail chains are upgrading sites to make it more convenient for customers to shop online exclusively food and Restaurant industry.
Going forward, the total number of online shoppers is estimated to grow 3.5 times from 50 million in 2015 to 175 million by 2020. where F&B alone will touch 1.4 times in this coming years.
Consumer goods in different categories including electronics, grocery, apparel and home appliances are available online F&B sector where online ordering system is high on demand with the other range of products is expected to grow further.
An interesting trend is that Fashion and Restaurants (ROOS)is emerging as the fastest growing category in India’s booming e-commerce market, backed by strong technology and marketing strategies.
By 2020, India is expected to generate US$ 100 billion online retail revenue out of which US$ 35 billion will come from fashion e-commerce followed by the updated system for Restaurants becoming trendy within people for various reasons.
This clearly implies that online sales are set to grow four times in the next five years and will contribute significantly to the burgeoning growth in e-commerce.
This may surprise a few since Indian shoppers have traditionally been skeptical about shopping for clothes online, as they loved to sit in an atmosphere with family and friends and enjoy the food while waiting to give order whereas the trend is changing that more of take aways and quick order is preferred due to various reasons especially with this Fast Life. This initially deterred them from buying online. Today, that hurdle is a thing of the past.
With increased awareness and easy-to-use applications, shoppers have largely migrated to shopping online for F&B specifically Restaurants which has mobile app and Online ordering hitting the market.
E-tailors are constantly trying innovative strategies to cater to the unique needs and preferences of customers.
They provide consumers quality products and services to strengthen the trust. They have bridged the gap between retailer and customer through online to offline space leading to an enhanced shopping experience for the customer.
We even have one-click systems updated in world’s top most retail food chain which is the Latest in ordering system.
Reference: The Economist Article on E-Commerce.
Total Online grocery sales increased 4.6% to $6.6bn, a third faster than the 3.4% rise in instore sales according to Recent Survey
But online remains a tiny part of grocery market, Accounting for 6.4% of overall grocery sales, up just 0.1% from the previous year. Bakery is performing behind the overall grocery market, with online sales accounting for 4.7% of total ambient bakery
Expert analytics report described the 0.1%Increase in online grocery sales as “a pedestrian rate”.
“Despite the Hype and attention given to online and its ability to change the way people shop, the reality seems rather different, many will be surprised it’s not faster, but online shopping grocery, unlike many other sectors it’s much more a complimentary option to stores not an “instead of “option.
Online shopping dominated by ‘the big shop’ and weekly trips, which account for 82% of online trips compared to 57% instore. Adding that the issue with growing online shopping was frequency, as consumers bought groceries online less than once a month compared to early 21 times month instore.
Experts suggest that growing online market share would be down to convenience. Adding the factors include the rise of voice assistants from google and apple the dash button from amazon and the expansion of supermarket click and collect could make 2018 “seismic year for online grocery.
These are all making it easier for shoppers, while online meal-kit and ‘box’ subscriptions, such as hello fresh gaze, are offering new purchasing opportunities.
To seamlessly integrate existing restaurant operations with online food ordering, here are features that restaurant operators should look out for.
When a customer places an order for food on your website, you’d want to be the first to know! Instant notification coming from a mobile device, such as a phone or a tablet, is the most efficient. That way, you get convenient access to your online orders. Also, instant notification is important to ensure your kitchen operations are able to run smoothly. When you receive an order, you can respond by preparing your food order immediately. This reduces your customer’s waiting time, potentially granting you more satisfied than frustrated customers.
An restaurant online ordering system that enables you to incorporate comfortable lead time for food preparation gives you control over your kitchen’s operations. During peak hours in your restaurant, being able to set a longer lead time for online orders will prevent you from neglecting your dine-in customers. You would also need to set different lead times for different food orders as some food may require longer preparation time. Integrating your preferences for lead time will ensure smooth online operations with your kitchen’s capacity. It will also give your customers a heads-up on how long they would’ve to wait, reducing any potential dissatisfaction.
Being able to use a structure to customise your delivery zones ensures the delivery process is a breeze. Depending on your resources for delivery, you can decide which specific areas you’d want to deliver to. Alternatively, you can also split your delivery zones into several areas and set different lead times and delivery fee for each. Being able to set these preferences makes for a seamless ordering process for your customers too! Just by keying in their postal code, they will be able to know whether delivery is available in their area; the delivery cost; and the expected waiting time. When the scheme does these for you, it will spare you from excessive paperwork and coordination!
The flexibility to edit and have control of your online menu is essential to your ordering application. It grants you the liberty and accessibility to easily switch between various menu ideas, so you can sell a diverse range of dishes! For example, you may want to set a different menu for lunch and dinner. You may also run various promotions or have special additions to your menu during festive periods. A flexible menu will allow you to skip the technicalities and get straight to making your menu work. Bonus points if you are able to bring out the look and feel of your restaurant through the menu as well.
With more information about your customers, you’d know the steps to take to improve restaurant operations. Wouldn’t you love for your online system to capture your customer’s data for you automatically? Such information serves as good feedback on which food items are commonly ordered. It is a good guide on how to further improve what your menu offers. Having a customer database will also tell you who your repeated customers are. Use this information to build better relationships with your customers, as well as persuade them to order from you again.
A food ordering system will be able to seamlessly assimilate into your existing restaurant operations. Forget all the paperwork, rushing to answer phone calls during peak hours or miscommunication between your customers and staff. Saves you the trouble of having to go through all that, easing your staff’s workload. Through a good online application, they will be able to tabulate all the orders for the day; be notified of advance orders placed; and other pending orders all at a glance.
As for your customers, An application that’s easy-to-use is important for them to complete their orders. Having a system that’s accessible on-the-go will help you reach out to more customers, even the busy ones!
With more than one restaurant location, you would want your online ordering to work well with your store locations. Naturally, orders would be processed by the nearest store to the order location so that you reduce delivery time. Wouldn’t it be a great pain if you were to allocate these orders you receive, manually to each store? Having something that automatically assigns your orders for you to prevent these hassles.
A good interface helps customers place orders quickly and easily. Your customer’s online experience begins the moment they land on your page. Making a good first impression improves the entire experience for them! We all know a hungry man is an angry man. A hungry customer wouldn’t want to be spending more time figuring out how it suits your work. They want their food, and they want it quick! An online application that has the ability to provide easy navigation for your customers is thus, extremely crucial. With a pleasant experience, who knows? They might just come back and order from you again.
We don’t mean to blow our own horns, but these features do exist in an all-in-one ordering system! We started off with one restaurant who couldn’t find something targeted to the needs of digitalization. With a something like AVA ROOS, Restaurant businesses can focus on growing their business, while leaving the boring stuff to us.
There are a number of businesses that have a direct sales force or a number of employees working across different locations in various parts of the country or the world. They may be selling products face-to-face to your clients or they may be taking products back or they may even be collecting information or making people fill up forms. How do we manage this huge workforce that is out there on the field and doing their jobs? How do you tally the outcome with the investment or even better, attempt and make changes to existing field plans?
It is increasingly clear that there wants to be a certain sense of discipline and streamlining of field operations. This is one of the reasons why it is important to automate certain tasks within field sales and operations. This helps you to monitor your assets remotely and contact with your workforce when required.
They may also be able to get in touch with you if it is required. Most importantly, engineers, sales representatives and customer care executives can easily send information, scanned receipts and other critical information to you in a standardized and streamlined manner. This helps in regulating your business and also bringing some order to what is usually a very chaotic way of working.
In this article, let us take a look at what field force management is and how it is going to help you.
Field Force Management tools help you to stay in control all the time. They automate what can be automated and leave only the most human-human interaction left to your employees. This helps you to keep a record of all interactions and important data within a database, without you having to manually go through sales receipts, complaint slips and other such details. In other phrases, a field force management tool is a godsend to firms.
Moreover, these tools help to automate several aspects of your staff’s work, leading to an increase in productivity and motivation. By streamlining operations, you will also ensure that important stakeholders are well informed and management visibility is enhanced. This helps you to make smarter decisions and finally aid you to serve your customers better.
At the end of the day, field force management is similar to an enterprise resource planning (ERP) solution but is vastly different. It is specifically targeted at the staff that works in the field and is intended to make their and your work more streamlined, transparent and easy to track.
Field Force Management is usually cloud based which means all data is stored and accessible on secure cloud servers. There is no query of losing important data or not being able to retrieve something important. If something goes missing, there will usually be a backup available. Field force management tools include the software, the hardware and also the kind of training that’s required for users to use it efficiently.
The software usually helps in saving and processing information while the hardware helps employees to enter important data into devices while they are on the job. Sometimes, field force solutions can also be a mobile app which negates the need for a specific or special device. This is very important when it comes to field jobs as carrying different devices can prove to be a cumbersome job.
At the end of the day, field force solutions are meant to reduce the burden on employees and not actually inadvertently increase it. All the information that is stored in the cloud can be run through analytics software so that you get the kind of reports that you are looking for to improve your business.
A field force management system helps you to remain in contact with your employees while they are at work on the field. This lets you track your personnel in real time. Field personnel or your staff can log in and enter their attendance using a smartphone. You can assign that particular day’s task remotely using a web console or your own smartphone.
Next, they can carry out whatever duties they need to while you get all the alerts that you set to receive. This helps to increase transparency. You can choose to receive alerts on your mobile or on your desktop.
Eventually, employees can tag accomplished tasks with audio and photos, instead of they having to type reports. This helps to focus more on the job than on job reporting. Last but not the least, location tags help you to ensure that the job is done at the right place. Your staff will not be able to take your generosity for granted. All in all, a field force management tool helps you to monitor and control your staff without you having to be physically present with them and this is the great things about this software.
Finally, we need to remember that field force management helps firms to reduce administration cost and increase production. This helps to automate data integration which is usually done with the aid of cloud servers. Moreover, you can set invoice parameters that support you to also keep track of stocks, inventories and engage in P.O. and task management.
A number of field force management users also use it as a tool to engage in credit management. Banks and insurance companies particularly find this software helpful as payments can be received on the job, instead of asking customers to pay online or offline. This also helps in building valuable customer relationships and enhances loyalty. Thirdly, a field force management tool helps to increase planning efficiency.
This implies you will be able to allocate tasks and optimize routing. All this helps to increase your ROI at the end of the day and get back the money you invest in field force management. Finally, you will have more control over productivity and sales due to automation of data collection. You will also have more control over the execution of tasks and that will invariably make your organisation leaner and smarter. If you have questions concerning how a field force management solution or system can solve your problems, don’t hesitate to contact one of our consultants.
In an increasingly digital world, adapting and growing digitally is critical to success. Going digital can improve the experience for everyone involved with a business. So why aren’t more businesses doing it?
Several things could prevent you from embracing a digital transformation, such as costs, perceived lack of access to technology, or fear of the time investment involved. Small businesses that don’t embrace the digital transformation risk being left behind, though, as competitors take advantage of the benefits of operating in a digital world.
It’s time for small businesses to embrace change and use it to their advantage. Read on to find out why your business should go digital and determine when you’re ready.
The benefits of going digital are tremendous and can impact nearly every aspect of a business, from payroll and scheduling to customer service to employee productivity and collaboration.
Employees can take advantage of smart technology that helps them stay more organized. Examples include project management tools like Trello and Asana, communication tools such as Slack, and digital calendars like those offered by Google and Microsoft. These tools can help employees collaborate and plan much more effectively than traditional paper tools.
Embracing a digital, forward-looking mindset across your business has another less obvious—but equally important—benefit. Adopting new technologies and embracing change provides an enormous competitive advantage. For example, small businesses can be much more adaptable with business changes than large corporations if they go digital and can respond immediately to any shifts.
Your customers and clients can also benefit from your business going digital. The improved efficiency and productivity within your organization trickles down to the customer experience. Things get done faster, fewer tasks fall through the cracks, and communication can be easier and more pleasant in a digital world—directly improving the customer experience.
Going digital doesn’t just mean transforming internal processes, though. Customer-focused processes can also be improved through digital transformation. Take scheduling, for example. An old-school business might require customers to call and speak to someone during business hours to schedule an appointment or make changes to an existing one.
A digital solution, on the other hand, might be a web portal for customers to schedule these appointments themselves anytime, with an option to chat with a staff member only if necessary. This feature removes a point of potential friction for both the customer and your staff while allowing the customer to schedule appointments when it’s most convenient for them.
Before taking your business digital, keep a few things in mind:
Your business objectives. The time spent transitioning to a new system is a major expense for any business. You’ll want to ensure the expense aligns with your business goals and budget before committing.
Your customers’ demands. You’ll want to carefully examine the ways a digital transformation will impact customers. Will it help you meet their demands? Will there be impacts to customer service during the transition period?
Which technologies will be most beneficial. Digital transformation isn’t a one-size-fits-all deal. It can mean different things to different businesses. Additionally, most companies need to stage the transformation and prioritize areas to tackle first.
Undertaking a digital transformation for your business can be an involved and intimidating process, but a few key things can significantly improve your results and make the process smoother:
Create a digital roadmap. This is a fancy way of saying “have a plan.” Don’t just jump in blind—prioritize the changes you want to make, set milestones, and establish a timeline to meet them.
Establish goals. Have goals in mind for your transformation. They could be as simple as “85% of employees using new digital calendar system by the end of the second quarter.” Then identify key performance indicators for the goals and track them. Adjust as necessary.
Ensure your IT infrastructure can support your desired change. Have your IT department check for and improve things like internet speed and reliability, Wi-Fi coverage for the whole office, and information security. Plan these things in advance and upgrade before you implement your digital transformation plan.
Support your employees. Remember that major changes can be stressful and difficult for employees. Your staff will be getting used to new systems and workflows while working to ensure a consistent level of customer service. Support them during the transition.
A digital transformation can be a difficult and costly undertaking for any organization—especially for a small business. But the results can be more than worth the effort. The digital change is coming—is your business ready? We help to get your business ready for the digital transformation if you aren’t yet prepared.
IoT is the revolutionary factor for food and restaurant industry. Know how SaaS application development company develops IoT application that benefits restaurant industry.
Internet of Things is a concept that can simply be connected to any random smartphone device having on and off button. This concept has already been applied to majority industries like healthcare, retail, technology. So, application in the restaurant industry is not a surprise anymore. Afterwards, speed and convenience is the most important factor for peoples and IoT leverages these benefit to the snack bars. In the era of smartphones, where mobile browsing has outstripped PC and computer, IoT is something that has created major impact. So, here is how a restaurant can avail the advantage of IoT in best possible manner.
There may happen a situation where customers are ready to order their choice of food but their servers aka waiter are down the drain. This makes customer impatient and frustrated. Those who do not have sufficient time to keep waiting for their server/waiter to arrive for them, order from the table would be the most exciting part and IoT makes such things possible. This system is highly advantageous for restaurants as customers tend to order more quantity from the table. It is also beneficial for servers in time when they are extremely busy to take orders.
IoT hits great improvement in restaurant working channel. It offers tablet to the customer table where they can order their favorite appetizer and drink. Here need of menu is eliminated. When the particular restaurant app is provided to them, they can give their order to the server else can continue to opt for tableside services. The main agenda of this concept is to leverage more options and faster services to the peoples. You can also include services like M-table reservation, Pre-food order, Ala-carte order booking for parcel etc.
Another way restaurants can use the IoT is to allow customers to pay their bill from their table. Similarly to when customers order from a tablet, this process can save the server some time. It can also help turn the tables faster, allowing the restaurant to make more money. Some apps even make it easy for customers to split the bill when they pay it from their table, whether they pay by debit card, credit card, Google Wallet, PayPal or any other accepted form of payment.
Ordering from application allows customers to place an order earlier that makes it easy to take away your parcel. There are applications that truly leverage great user experience and that are where IoT comes in. It encourages customers to order food online where they can earn extra loyalty points and special offers through mobile ordering.
At weekends or public holidays, there is a gush of people found in the restaurant. Your all servers are busy attending consumers and the possibilities to serve all at the same time is negligible. Putting already baffled customers on long hold would loss your business. Using IoT-based menu helps restaurants to quickly satisfy customers demand that eliminates needs of servers.
IoT improves guests’ dining experience by enabling them to easily interact with service staff. Moreover, there are many restaurant chains that use wireless transmitters that allow the user to send requests for drinks or bill to the servers. Many restaurants already allow customers to place their order ahead of time so it will be ready when they arrive. This makes the process less time consuming and more cost efficient.
Transformation of eatery business depends heavily on reviews given by the customers. Getting notifications from customers: “Feeling was awesome” is amazing. One of the main agenda of this survey is to maintain the consistency of cooks and their cooking skills.
To summarize the concept. IoT-based solutions are useful for utilizing maximum resources at minimum cost and lesser time. As the technology expands, restaurants can expect to watch out a more IoT-based application in near future. So, want to develop an IoT-based app for your business? Just send us your briefings and we will get in touch with you soon. Contact us now.
2018- The year to improve modernized technologies, that brings greater efficiencies and improvements to businesses world-wide. IoT plays an important role in fleet management , by connecting applications to deliver the data and services that make fleet operations safer, greener, and more cost-effective.
IoT-The internet of things, created a tremendous impact in fleet management with machine-to-machine (M2M) solutions to make the smart city come alive. With IoT for fleet management we can not only keep in track of vehicles but also monitor high value assets in remote locations.
Fleet operators must strive to achieve the lowest possible total cost of ownership (TCO) for their fleets while complying with increasingly stringent environmental and safety regulations. Fuel consumption, route management, driver performance and vehicle maintenance all play a part in this goal.
How much attention do you pay to the tire pressure for your car? Maybe you check it whenever you visit the gas station? But do you know that the pressure and temperature fluctuations can have a dramatic effect on the life span of the tire? While for individual users, it may not have such a great impact on the overall vehicle maintenance cost, but fleet operators, who have hundreds of vehicles, understand the importance of the right tire pressure and its impact on the overall tire maintenance costs – so much so that just maintaining the right tire pressure in their vehicles, depending on the vehicle size and load, can save them thousands of dollars of annual maintenance costs.
Tire pressure is one of the many aspects of optimal fleet management – fleet operators are working towards lowering the total cost of ownership through appropriate route management, fuel consumption optimization, increased safety, driver performance management, and vehicle maintenance.
Internet of Things is gaining popularity at a rapid pace and we are moving towards a truly connected world. According to a new report by Research and Market, The IoT fleet management market is projected to reach USD 8.28 billion by 2021.
Such widespread adoption of IoT will revolutionize many industries. New connectivity options and devices will allow companies to discover innovative ways to work. One such potential beneficiary of IoT is the fleet management industry.
The power of the IoT is being harnessed in every possible way to make the world more connected. This inter-connectivity enables us to control every connected object despite being miles away. Just think how smart home apps enable you to control the thermostat from your mobile device. And it continues to expand into new areas like healthcare, retail, agriculture, security, disaster management etc. Fleet management is just the latest industry to be transformed, connecting vehicles and drivers like never before.
In logistics, the supply chain is made up of various stakeholders including manufacturers, transport companies, and retailers. Information sharing and connectivity is essential for all of them. Therefore, IoT has an important role to play in this industry.
Internet of Things in fleet management currently works through 3 main technologies – RFID, GPS and OBD II’s. RFID helps control and track products while GPS and OBD II’s make it possible to obtain real-time information on routes, vehicle maintenance and driving conditions.
IoT essentially makes Vehicle Tracking solutions a lot more efficient, economical, automated, and reliable.
Although logistics companies have had connectivity options like mobile phones, GPS sensors etc, IoT offers many new tools, like in-vehicle streaming camera, driver mobile apps etc. making communication easier and prompt. Scheduling, load management, driver and vehicle tracking, and effective routing are some additional benefits offered by Internet of Things. Besides these GPS and RFID based tools, IoT also covers advanced applications such as weather APIs, traffic reporting, smart parking, maintenance monitoring, driving behavior monitoring etc.
Another major benefit of IoT in fleet management is the ability to automate various processes. As devices are interconnected and work as part of an integrated process, companies can setup an automatic flow of daily logistics processes and trip planning. Internet of Things also allows logistic companies to move daily operations into the cloud and helps remote tracking of fleets at any time from any place. Process automation through IoT is not restricted to scheduled system. It also helps automate scenarios like broken down vehicle that send automatic tickets to tow trucks; driver receives weather warning notifications, automatic rerouting etc.
Internet of Things has the ability of derive collectivity data from various sensors. This enables fleet management companies to get useful insights into driver behavior, adherence to laws, vehicle speeding and idling etc. These sensors don’t just help in tracking data; they also play an important role in improving performance and diagnostics of problems related to processes and equipment.
Early adopters of Internet of Things in fleet management will enjoy a distinctive technological advantage over the competition. Proper implementation of IoT reduces overall costs by optimum utilization of resources and improved performance. Collecting, sharing, and acting on real time information helps a company make quick decisions and instant improvements.
These benefits will definitely get any logistics industry excited about using of Internet of Things in fleet management. But the technology is still evolving, and as companies find more and more use cases, Internet of Things will become the lifeline of the fleet management industry.
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