Sunday, May 21, 2017

Predictive Analysis – McDonald’s


In the previous post, I wrote about JMP statistical software and how McDonald’s leverages it. In this article, I am going to write about McDonald’s and its predictive analysis.

According to Cramer, JMP software allows his team to get better understanding of data through visual representation and use data visualization to predict customer behavior and trends successfully.

Senior Industry Advisor of Retail, Hospitality and Consumer Goods Industry Strategy in EMEA at Intel, David Dobson said: “Today's retailers all understand the importance of analytics but the biggest challenge is having the correct tools to collect information and having a skilled workforce who understand data and extract value from it”

McDonald’s uses analytics and it relies on its data to measure restaurant performance, and make decisions related to equipment, location, human resources, and the supply chain.

McDonald’s uses various technologies and techniques in order to obtain successful predictions such as:

-        Video Analytics, helps to track time that customers spent in the store on drive-through for use in process and conditions measurement

-        Quantitative video ethnography, in order to learn the behavior of people using its drive-through lanes

-        Eye Tracking, by tracking customers’ behavior in store and try to answer some questions for instance, what are their interactions with the order-takers? After they place orders, what are they doing?



For more on this, click here

3 comments:

  1. interesting! Although, the eye tracking sounds a bit creepy.

    ReplyDelete
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