PRESS RELEASE
http://prlog.org/12576600
ORLANDO, Fla. - July 31, 2016 - PRLog
-- Sid Som, owner and publisher of prominent data analytics sites like
Homequant, TownAnalyst and LocValu, is pleased to announce the launch of
ChefQuant, an online data analytics and quantitative solutions
marketplace for restaurant owners, managers and chefs. Unlike trade
organizations that focus on macro industry trends and generic industry
solutions, ChefQuant will offer custom solutions to individual
restaurants, effectively mining and modeling their internal and external
customer survey data. A trend-setting book 'ChefQuant - A Practical Guide to Data Analysis and Modeling for Restaurant Owners, Managers and Executive Chefs' spearheads the launch.
While the
vast majority of non-chain restaurants have access to their customer
data, they do not necessarily possess sound know-how to explore and mine
their own data reservoir. Sid contends each restaurant has its own
unique micro market, often significantly bucking its (macro) industry
trends and nuances. A restaurant's data reservoir is therefore its own
internal goldmine with hidden answers and solutions waiting to be
harnessed for their success and profitability. Industry-level data
solutions are too broad-based to be plug-and-play for all; consequently,
one-size-fits-
all industry solutions often require costly
re-engineering to be, at best, somewhat productive for most members.
Instead, if they are provided some hand-holding in understanding and
modeling their own data, they will perhaps promptly learn to address
their own shortcomings and remain on a profitable path.
The
reason Sid started his Blog ahead of opening the actual online
marketplace is to demonstrate to the target audience how his proposed
solutions could be of tremendous help for all restaurant owners –
successful or not-so-successful. Even those who are contemplating
opening new restaurants or adding new locations can benefit immensely
from his solutions. Since ChefQuant solutions are based on a
restaurant's own data, rather than borrowed generic data from the
competition or the industry as a whole, they are totally custom tailored
addressing their own unique issues and challenges, hence incredibly
result-oriented.
Depending on the individual needs, ChefQuant
will provide solutions ranging from demographic analysis for new
locations to customizing menus for generational tastes to identifying
deficiencies in existing menus to aligning entrées with adult beverages
to forecasting sales to developing internal performance and service
metrics, to name just a few possibilities. Needless to say, ChefQuant
uses sound statistical, econometric and operations research techniques
in mining and modeling all data.
In a recent conversation Sid
mentioned, "The non-chain restaurant market is one of the most
competitive markets out there. One of the reasons many succumb to the
competition is that they do not attach much importance to data analysis
and modeling, which in most cases hold the key to their success or
failure. Granted, restaurant owners, professional managers and chefs are
not expected to be trained quantitative technicians, which obviously
created a dire need for external professionals to step in and work with
the industry to develop custom solutions. I urge all restaurant owners,
managers and chefs to read my book and decide for
themselves if we make sense. Bring your data to us and we will show you
the path to continued success and profitability."
