The Chefs Of The Future

30

September

2018

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Spyce, which opened early 2018, seems like any other restaurant – until you take a look in their kitchen. Even though there are human workers, most cooking is done by machines. A task that was always associated with human chefs, talent, and passion seems to go through similar transformations it did in many other industries like the furniture industry. Machines are ready to take over!

Automation is expected to disrupt the restaurant industry. What starts as a cool spot to visit for digitally savvy customers, might take over the whole mainstream market. Currently, there is a lot of inefficiency in the restaurant industry. When enough research is done, machines will be able to serve perfectly prepared food. It might be at a lower price due to factors like efficiency and the cut of increasing labour costs. Customers are already adapting to less personal experiences in the restaurant sector. Not only limited-service food chains like McDonald’s, Wendy’s and Wow Bao offer the possibility to order from touch screens instead or from the counter, many full-service restaurants integrated tables of which customers can order and pay as well.

Not only within the restaurants, but also food delivery is ready to become less personal. Technomic data from the Restaurant Leadership Conference states that 19% would consider delivery via self-driving cars if possible. Especially millennials are enthusiasts, 27% would opt for robot delivery and 26% would try out delivery by a drone.

When the food is served more perfect, more quickly and at a good price, regular customers will eventually probably attach less value to the human aspect. Thus there will not be a reason for them not to choose automated restaurants and their automated delivery.

 

https://www.cmo.com/features/articles/2018/5/18/restaurants-robotics-ai.html#gs.GdzLklQ

https://www.forbes.com/sites/darrentristano/2017/05/16/restaurants-look-to-automation-to-cut-labor-but-will-consumers-buy-what-the-drone-is-serving/#3522e72a3039

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What Fosters Success of Mobile Payment? Developing vs. Developed Countries

17

September

2018

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Mobile payment is proved to be positively linked to the growth of businesses, as companies accepting mobile payment tend grow faster. Also, fast-growing companies are most likely to accept mobile payment. The system is already implemented in developing countries while the leading ones are searching for a bankcard with one hand while holding the phone in the other. How is this possible?

Developing countries
Setting up the infrastructure and technology for an ATM network and physical POS is a costly and complicated process, especially for developing countries. Thus accessing cash in countries like Kenya was quite complicated. They did not enjoy this ‘luxury’ like the leading countries until the introduction of mobile payment. The benefits are huge, as it provides them with a cheap and secure way to transfer and store data. Furthermore, it enables the people in the most rural area to have access to their money at all times. With just a simple SMS, a dairy farmer is able to receive the money for the milk he just sold, buy raw materials and pay his employees.

Developed countries
The payment industry is much more developed in leading countries, thus it seems to be logical that mobile payment would be implemented there first. In reality, the advances of the payment industry seem to be the biggest barrier. Let’s take Europe as an example. Banks have invested a huge amount of money in order to make paying as easy as possible with other good working methods, for example the introduction of contactless payment. This reason, together with the good ATM infrastructure makes a massive shift to mobile payment not directly necessary. European customers do show interest in mobile payment, but there is no reason for the banks to make this move as fast as possible. First of all, it is a huge investment for a bank to develop their own mobile payment system, while the satisfaction with the current payment methods is quite high. Collaborating with online payment companies like Chinese banks do with Wechat Pay and Alipay is the solution that banks want to avoid the most, as they will have to pay a percentage of a transaction to the intermediary.

https://www.bbva.com/en/mobile-payments-successful-developing-countries/
https://www.forbes.com/sites/tomgroenfeldt/2017/03/08/mobile-payments-can-boost-growth-and-profitability/#1cbf0a001396
https://www.raconteur.net/finance/mobile-money-puts-the-poor-on-the-road-to-prosperity

Addressing the unbanked in developing countries

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