ASSESSING THE INFLUENCE OF INNOVATIVE TECHNOLOGIES ON THE PROFITABILITY OF THE RESTAURANT INDUSTRY
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Date
2024-02-09
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International Scientific Unity
Abstract
Restaurant services are one of the most important sectors in the economies of
many countries worldwide. They provide a significant portion of employment, generate
revenue for the state, and contribute to the development of culture and tourism. In
modern times, the restaurant business faces several challenges, including increased
competition, changing consumer needs, and demands for service quality. Successfully
overcoming these challenges requires restaurants to continually implement
innovations.
The presence of innovative solutions in the restaurant business opens up new
opportunities for optimizing operational processes, improving customer service
quality, and reducing overall business expenses. Properly chosen and effectively
implemented innovative solutions not only enhance the efficiency of restaurant
operations but also create a favorable environment for attracting new customers and
retaining the existing audience.
Description
The implementation of innovations in the restaurant business comes with several
challenges that need to be taken into consideration. These challenges include high
implementation costs, the need for staff training, and potential cybersecurity risks.
When selecting and implementing technologies, it's essential to carefully evaluate these
factors to ensure the effectiveness and security of their use. This thorough evaluation
can help mitigate potential issues and ensure a successful integration of innovative
technologies into the restaurant business.
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Citation
Tymchuk S. V. Assessing the influence of innovative technologies on the profitability of the restaurant industry. ІX International scientific and practical conference «Scientific Problems and Options for Their Solution» (February 7-9, 2024) Bucharest, Romania, International Scientific Unity. 2024. P.295-297