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Demystifying data: Profitability, people and the power of analytics

  1. Demystifying data: Profitability, people and the power of analytics Kelly MacPherson Chief Technology & Supply Chain Officer Union Square Hospitality Group Morgan Wiley Director, Digital Innovation Union Square Hospitality Group Cam Avent Director of Analytics Union Square Hospitality Group
  2. The Wide World of Data Data Collection Data Engineering and Transformation Storage Analysis Presentation & Reporting Storytelling Data Governance Infrastructure Applications AI & ML
  3. The Wide World of Data… and our Focus Today Data Collection Data Engineering and Transformation Storage Analysis Presentation & Reporting Storytelling Data Governance Infrastructure Applications AI & ML
  4. Our Point of View Data is more than information; data requires storytelling and context to be valuable. Robust forecasting is translating analytics into the people and product at the right place at the right Reporting serves a purpose, but analytics get to the “why” behind the what. Break the barriers of stereotypical data scientists.
  5. Ask a question about “what happened” Create a metric to answer Analyze data and uncover “why it happened” Use data to hypothesize “what will happen” Adjust business strategy based on insights Foundation: Exploring Metrics that Matter The Flywheel of Analysis, Action, and Adaptation Adapt metrics and targets as business evolves
  6. Metrics Sales vs. Forecast Variance: -5% Avg. Spend Per Cover: $51 Covers Per Day: 300 Wine Capture Rate: 21% Wine COGS: 24%
  7. Metrics… with a Story Sales vs. Forecast Variance: -5% Avg. Spend Per Cover: $51 Covers Per Day: 300 Wine Capture Rate: 21% Wine COGS: 24%
  8. Guest Journeys with… and without Data “Welcome back, Ms. Wiley! How was your holiday in Charleston?” “Welcome! May I have the name for the reservation?” “Ms. Wiley, I’ve brought out the Barbaresco you enjoyed last time, as well as a bottle of Aglianico I think you might like. Or, we have the full wine list – Italian reds on page 3!” “Here is our full wine list – take a look and let me know if you have any questions.” We know you’re a truffle lover – join us at our pop-up truffle dinner next Monday! Come dine at any of our restaurants! “Next time you order an entrée for delivery, enjoy your favorite margherita pizza – on us!” “Try ordering pickup or delivery; here’s $10 off your next order.”
  9. The Business Impact of Data Increased check size Increased digital frequency Improved guest satisfaction Reduced time between visits Increased covers Improved marketing engagement Optimized turn times Enhanced employee satisfaction
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