Experts discuss the next wave of restaurant industry trends for 2016
For nearly any business, it is extremely important to stay informed about emerging trends—especially when they have the potential to shape the future of your industry. Some sectors are especially prone to change, and the restaurant industry is among them. Whether it’s new technology or en vogue flavors like guacamole and habanero, trends in the food and beverage business are rapidly evolving. Savvy businesses that are able to anticipate and spearhead new trends will ultimately be the most successful.
At Technomic’s recent Trends & Directions Conference, executives from the research and consulting firm discussed a series of trends that were identified as potentially noteworthy for the coming year. Restaurant Business Online recently examined this conference and posted a list of its top five trends that could prove to be breakouts in 2016. What was uncovered? Highlights of the list include:
- A Generation Z shift toward taste over ingredients: “When choosing a restaurant, millennials are more apt to look for organic or premium ingredients and healthy menu options,” reads the report. “But 33 percent of consumers 21 and younger care more about convenience, price and taste, said Sara Monnette, senior director of consumer insights at Technomic.” As the next generation continues to age up and enter the adult world, restaurants—especially larger chains and franchises—may want to turn their attentions toward making sure that food isn’t just high quality, but a strong value with flavor to match.
- A rise in community involvement: “The hottest growth concepts all focus on giving back to their communities, said Darren Tristano, EVP at Technomic,” reads the report. Businesses like Pieology and &pizza with strong community outreach programs are likely to garner good will and go farther with consumers.
- New mobile ordering technology: Mobile pay has been taking off in a big way, and Technomic predicts that this trend will only continue to ramp up in the near future as restaurants and chains expand their options for ordering. At a mobile consumer panel during Technomic’s conference, Domino’s VP of multimedia marketing Dennis Maloney commented on the pizza franchise’s success with mobile ordering. “Customers can order pizza wherever they are through text, Twitter and our pizza emoji,” [he said]. “Half of all our orders now come through digital platforms and half of those are through mobile.” Restaurant Business Online further predicts that voice-ordering technology could be the next big trend in mobile pay.
For the rest of the expected trends, check out the full list here. Of course no prediction is ever set in stone, and we may see other trends start to emerge on the horizon in the months to come leading up to 2016. But it’s always exciting to start planning, and businesses who choose their trends to pursue wisely could end up on top for the next fiscal year.
Health Catalyst: An agile approach to healthcare data
Healthcare Catalyst is quite literally a healthcare providers’ catalyst for change when it comes to their measurable, data-informed improvement in analytics, software and services.
Founded in 2008 in Salt Lake City, Utah, Health Catalyst is dedicated to enabling health care organisations to build a healthcare-specific, open, flexible, and scalable data platform and fully integrated suite of analytics applications.
This enables health system partners, including Northwell Health in New York which serves a population of 11 million, to realise measurable value within months. “Our customers have recognised the potential to use data, to meaningfully improve their clinical, financial and operational business performance outcomes,” said Mike Doyle, Chief Customer Officer.
Formed by a group of healthcare veterans – with a quest to develop a data warehouse that could handle the complexities unique to healthcare data – they revolutionised the clinical process models and use of analytics and discovered the solution now known as Adaptive Data Architecture, which is agile, flexible and can be implemented in a matter of weeks compared to a matter of years.
Today, Health Catalyst helps clinicians in more than 250 hospitals that care for more than 100 million patients each year.
Health Catalyst offers a solution in three parts:
Data Operating System
Cloud-based DOS is a healthcare-specific, open, flexible, and scalable that provides customers a single environment to integrate and organise data.
Analytics applications build on top of the data platform and allow customers to make measurable clinical, financial and operational improvements.
World-class team of analytics and domain experts leverage technology to help customers shorten time-to-value and achieve sustainable, measurable improvements.
The fully integrated data platform and suite of analytics applications helped clients during the pandemic, in ways even Health Catalyst could never have imagined. Health Catalyst offered products and services to support customers’ agile response to the pandemic in four phases:
“By having the data operating system, our clients were able to take advantage of the integrated source of data to meet challenges that they were facing in their local geographies due to the pandemic in ways that we could never even have predicted,” said Doyle.
Doyle highlighted Health Catalyst’s Value Architecture group, which helps the company ensure that its technology and expertise are delivering measurable and meaningful value to our clients. “I think another key differentiator is our open platform that our clients are able to use to accelerate their own integration of data, but it is customisable, configurable in ways that makes it unique for them in ways other cookie cutter analytics just can’t match.
“We like to start every discussion by listening and understanding how we can help our customers avoid making mistakes and getting the most out of their investment in data.”
Speaking about their partnership with Northwell, Doyle said: “We're very grateful for this partnership and want to thank these visionary leaders who are able to envision a future using data that is light years beyond what we can think of today.”