Number of Pages : 58 leaves
Adviser : Prof. Glen A. Imbang
Abstract
Many restaurant owners and entrepreneurs are having trouble to pose continuous flow of positive return from the food industry because of steep market competition. Industries are looking to differentiate themselves among their competition and take any advantage they can use to sustain efficiency in their operation. Accordingly, managers turn to latest technology to scan wastes and losses in their value chain and create ways to reduce production costs.
This is the main reason why IoT technology is gaining a lot of attraction from operational managers to assimilate with their businesses in increasing their productivity. Improving quality control, on time delivery, reducing waste and energy are the main areas that IoT can be implemented to help efficiency inside the restaurant. Placing connected sensors in strategical location inside the store to track and report conditions in real-time will create actionable items and analytics that can be used to improve operations.
Because of the fast-growing market, champions will scan for niche market and try to disrupt the current sector. Neglected customers and market followers will plunge to the trend because the present movement is unwilling to accommodate their demand. Few may gain traction for a duration because of their strong market-push but often lack of strategic planning and vision will cause their growth plateau. Others may create a revolutionary market that will stand out and be sustainable because of their market creativity and adaptability. But the volatility of our market and lack of vision are the reasons of business downfall.
Many industries are adopting Internet of Things solutions technology to improve their existing systems. Like a health care center used IoT devices to improve their existing systems. Like a health care center used IoT devices to improve their medical outcomes, revealing better products faster with low development and maintenance cost in the manufacturing industry, making shopping experiences more enjoyable by getting accurate suggestions, etc. IoT is playing a big role in today's business system by managing internal processes smoothly and providing much convenience for every task.
This is the main reason why IoT technology is gaining a lot of attraction from operational managers to assimilate with their businesses in increasing their productivity. Improving quality control, on time delivery, reducing waste and energy are the main areas that IoT can be implemented to help efficiency inside the restaurant. Placing connected sensors in strategical location inside the store to track and report conditions in real-time will create actionable items and analytics that can be used to improve operations.
Because of the fast-growing market, champions will scan for niche market and try to disrupt the current sector. Neglected customers and market followers will plunge to the trend because the present movement is unwilling to accommodate their demand. Few may gain traction for a duration because of their strong market-push but often lack of strategic planning and vision will cause their growth plateau. Others may create a revolutionary market that will stand out and be sustainable because of their market creativity and adaptability. But the volatility of our market and lack of vision are the reasons of business downfall.
Many industries are adopting Internet of Things solutions technology to improve their existing systems. Like a health care center used IoT devices to improve their existing systems. Like a health care center used IoT devices to improve their medical outcomes, revealing better products faster with low development and maintenance cost in the manufacturing industry, making shopping experiences more enjoyable by getting accurate suggestions, etc. IoT is playing a big role in today's business system by managing internal processes smoothly and providing much convenience for every task.
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