Homepage / Technology / The man helping companies like Wawa and McDonald's make winning decisions using big data
Başkanın ilk icraatı işçi kıyımı olmuştur! 719 7slots kumarhane 90 Business Online Solutions What Is a Board Analysis? The Importance of Planning and Programs Development How Board Governance Software Improves Meetings and Governance How to Craft a Successful Board Meeting Reminder Benefits of a Virtual Data Room for Bankruptcy VDR Example for Business Hong Kong ユースカジノの登録方法を初心者にも分かりやすく図解入りで解説 チェリカジ 5 Как быстро пополнить счет в Казино Х в любой валюте Официальный сайт Up X казино и мгновенные игры Paşa Casino Mobil Uygulama 2025 Giriş Üyelik Bonusu Freespin No Deposit Bonus Casino Free Spins In New Zealand What Are The Best Online Casinos For Real Money Pokies And Bonuses In Australia Дэдди Казино официальный сайт Джойказино: информация про официальный сайт Glory Casino giriş için buraya tıkla ve Türkiyede en popüler casino kullanıcısı ol Les Gambling establishments en Ligne en France 2024 200% Reward + 300 Free Rotates LevelUp Internet casino Melbourne En İyi ve Güvenilir Casino Siteleri Canlı Casino Siteleri 2023 Listesi En İyi ve Güvenilir Casino Siteleri Canlı Casino Siteleri 2023 Listesi Le meilleur casino en ligne franзais Extra Casino avec le dйpфt minimal le in addition bas Yeni Casino Siteleri ᐈ Çevrimiçi Kumarhaneler Mart 2024 Les gambling establishments en ligne proposent une grande variйtй de jeux de internet casino gratuits. Türkiye’deki Resmi Web Sitesi Google Play, Türkiye’de kumar oyunlarına izin verecek Her Gün Tatil Olsa ORDU’DA PAZARTESİ GÜNÜ FINDIK FİYATI NASIL? كازينو اون لاين الكازينوهات الممتازة على الإنترنت ألعاب الكازينو المباشرة مينا كازينو العر Google Play, Türkiye’de kumar oyunlarına izin verecek Domain Sorgulama & Domain Fýrsatlarý Canlı Casino Siteleri: 2024 Güvenilir Siteler Seçilmiştir Golden Easter Slot İncelemesi 2024, Demoyu Ücretsiz Oynayın Golden Easter Slot İncelemesi 2024, Demoyu Ücretsiz Oynayın 1xbet Türkiye Giriş Empieza Kayıt 202 Kumar Ve Kumarhaneler Hakkında Pek İlginç 21 Bilgi Kumarhane Doğru Yazımı Nedir? Tdk Ile Kumarhane Kelimesinin Doğru Yazılışı! Mobilbahiste En İyi Kumar Bonusları Ve Kazançlar Mobilbahis Giriş Sayfası On Line Casino Siteleri En Iyi Casino Siteleri 2024 Mostbet: Türkiye’de Internet Casino Mostbet Online Slotlar Ve Canlı-casin Pin Up Casino Oyna Türkiye, Pinup’un Sah Web Sites Ifade Haberleri Son Dakika Ifade Hakkında Güncel Haber Ve Bilgiler “önceliğimiz Transferin Önünü Açmak, Görüştüğümüz Yerler Var” On Line Casino Nuh’un Gemisi Deluxe Resort & Spa, Kıbrıs The Benefits of Document Management Bonus Veren Siteler 3 000 Den Fazla Online Oyunu Ücretsiz Oyna En Tehlikeli Kumar Oyunu Ekşi Sözlük Deneme Bonusu Veren Siteler Deneme Bonusu 2024 Explore the Magic of WildCardCity Güvenilir Bahis Siteleri En İyi Kumar Siteleri Balıkesir Triatlonuna Avrupadan Ödül Tricks of the Aviator gambling establishment game by Spribe Çevrim Içi Kumar Siteleri “bonus” Yalanıyla Kandırıyor En Güvenilir Canlı On Line Casino Siteleri Xbetting-tips Com Uncovering the Abundant Tapestry of Ozwin Gambling establishment Evaluating Board Portal Providers Uncovering the Wealthy Tapestry of Ozwin On line casino Electronic Data Area Providers Evaluation Cobra Internet casino: Raising the Australian On the internet Video gaming Practical experience 4 Things to Search for in Safeguarded Cloud Safe-keeping Fastpay On line casino Australia – Simple and No-Taxation Wagering Web page officielle franзaise de Joka Gambling establishment The Software Development Universe Game Woo Internet casino – Enjoy Slot machine games around australia Ostdeutsche Biersorten What Are Virtual Data Rooms? Vitamin D Receptor Polymorphisms Revue du Casino BlackLabel Faktory, kterй ovlivnujн hodnocenн ceskэch online kasin How to Make the Most of Your Web Development Organization and Advertising Efforts L’essor des casinos en ligne en France Boost Meeting Efficiency With Boardroom Technology Developments WildJoker Casino WildCardCity On line casino – Guaranteed Australian Gambling Portal WildCardCity Casino – The Ideal On the internet Gambling establishment within australia Modern Technologies Produce Sharing Documents Online Faster and More Protect Free Virtual Info Room pertaining to Speedy Due Diligence A Review of Data Area Software For people who do buiness Five Board Bedroom Features Which will help You Acquire a More Productive Boardroom Electronic Systems To your Business Understanding Legal Terms and Laws in Today’s World The Laws and Contracts of Hollywood: A Sunset Blvd. Tale Legal Discussion Between Johnny Cash and Antonin Scalia Legal Insights: What Teens Should Know Legal Issues and Exceptions: What You Need to Know Legal Insights and Expert Analysis Celebrity Dialogue: Legal Matters in the 21st Century Famous Personalities Discuss Legal Issues The Boys in the Boat: Legal Advisors and The Quest for Legal Knowledge Understanding Legal Matters: Q&A on Criminal Law, Joint Ventures, and More Enticing Title The Departed: Understanding Basic Work Requirements and Legal Rights Youth Slang Blog Article Legal Insights: A Journey into the World of Law The Ins and Outs of Legal Matters: Everything You Need to Know Legal Insights and Trends: A Rap Guide Mysterious Legal Matters Unveiled

Technology

The man helping companies like Wawa and McDonald's make winning decisions using big data

Ever have an idea for a new product so good it could hurt your business?

It may seem far-fetched, but that’s what happened to Wawa, the popular convenience store chain that operates more than 750 locations in six East Coast states.

The company had introduced a new flatbread breakfast sandwich. Everybody in the company was excited about it. Sales were taking off and it looked like a clear winner. Then Wawa killed the flatbread.

Why?

Because it was too good. It sold so well that it undercut products Wawa had already been selling. Specifically, it was cannibalizing sales from other, higher-margin Wawa products. More flatbread sales ultimately meant less money for the company. So it had to go.

The company behind Wawa’s flatbread decision was Applied Predictive Technologies. APT’s software takes in information from client companies — everything from sales data to local weather patterns — and produces custom reports to understand trends, improve efficiency and hit sales targets.

“In using big data and an understanding of trends, it was valuable to see not just the primary effects but also the secondary,” Anthony Bruce, chief executive at APT, told CNBC. “What you need to do is find observations where what you’ve done is having halo effects, not cannibalization effects.”

That’s how APT’s data-driven platform helped Wawa: It wasn’t just showing what the flatbreads generated in sales, but how it affected the overall bottom line for the company. Data analytics, when applied correctly, can help filter out the “noise” from test results. Starbucks‘ global strategy officer cited APT as the “best source of industry comp intelligence” on a recent company earnings call.

APT is also the company behind McDonald’s recent move to sell breakfast foods all day. The fast-food giant renewed its contract with APT in 2016 to gear up new food offerings and optimize menus. APT’s “Test & Learn” software costs about $1 million per year for a typical three-year license.

See a full interview of APT’s Anthony Bruce by CNBC’s Eric Chemi here:

“APT’s software helped us understand that ‘All Day Breakfast’ generated incremental business by attracting new customers and leading to larger check sizes for existing customers,” said Kristy Cunningham, senior vice president at McDonald’s. “This initiative was a primary driver of growth in our most recent quarter.”

“About 40 percent of ideas just fall flat and there’s no recovery,” APT’s Bruce said. But that doesn’t mean that the remaining 60 percent work outright. It’s a matter of tweaking and honing experiments — that’s the human element — to uncover what’s working and what’s not working.

These hidden effects also work in the opposite direction. Another of APT’s convenience store clients wanted to experiment with installing drinks coolers in their retail locations so customers could buy cold beverages to go, Bruce said. Trouble is, coolers require a lot of overhead in the form of maintenance and electricity.

A simple look at the data suggested the coolers weren’t really driving that much business. But a more detailed analysis showed that they were actually helping the stores overall: Customers came in more often and that created a halo effect where they bought other products as well.

Bruce co-founded APT in 1999. Before that, he worked as a consultant for McKinsey and an investment banker for Morgan Stanley. He got an MBA from Stanford and graduated magna cum laude from Yale in Math and Economics.

It’s Bruce’s data- and bottom-line based thinking that helps APT’s clients endlessly experiment with various possibilities. In 2015, MasterCard bought APT, opening the door for an even bigger dataset to work with and new client-specific approaches.

Source: Tech CNBC
The man helping companies like Wawa and McDonald's make winning decisions using big data

Comments are closed.