by –News Direct–
Revenue Management Solutions (RMS), a global provider of data-driven analytics and tech-enabled solutions for restaurants, has partnered with iMotions, the world's leading software platform for studying the drivers behind human behavior, to deploy the latest human behavior technologies to improve menu engineering and unlock revenue opportunities.
The partnership connects restaurant brands with the iMotions software suite, an advanced human behavior research tool with cloud data collection features. iMotions unique cloud-based solution uses a participants own webcam and a browser interface to collect data using eye tracking, facial expression and emotion recognition technologies, allowing for research to be deployed among any audience at any time, anywhere in the world.
RMS then analyzes the research, giving restaurant brands exclusive access to unique metrics like the RMS Focus Score, which quantifies consumers focus across the menu using multiple factors such as average duration and revisits to specific locations on the menu. The research can reveal what information consumers are truly processing on restaurant menus versus simply skimming the content.
Restaurant brands gain a clearer understanding of how participants view online restaurant menus and the factors influencing their ordering behavior. RMS then applies more than 25 years of industry-leading data analytics expertise for some of the worlds largest restaurant brands to uncover opportunities for menu optimization and profit potential.
The way consumers engage with restaurants has completely transformed, but many menus are still designed based on pre-digital guidelines, said Ryan Garner, Director of Research and Consumer Analytics at RMS. Our pilot study identified clear gaze paths, dead spots and hot spots in digital restaurant menus information we can translate into profit-building menu insights for our clients.
RMS and iMotions conducted the first pilot study using online eye-tracking and online facial expression analysis in late 2022, confirming that the medium affects where consumers begin when viewing an online menu (gaze paths), what they skip (dead spots) and where they spend their time (hot spots). RMS also tested when customers are most open to suggestive selling and what types of content are most impactful. These insights challenged conventional industry practices and allowed for advancement in menu engineering, all designed to drive profitability.
The restaurant business is the latest industry to recognize how the study of nonconscious behaviors using biometric technologies can challenge conventional wisdom and unlock new opportunities, said Peter Hartzbech, iMotions Founder and CEO. Consumer preferences, habits and lifestyles constantly evolve, and what were once impactful perspectives change. Those willing to tap into these modern tools and technologies will better understand todays consumers and emerge most successful, while those who choose to stick with the status quo will fall behind.
The announcement builds on a collaboration that first began in 2019 with revolutionary menu design research in labs at the University of South Floridas Muma College of Business. The study was regarded as the most comprehensive consumer menu ordering examination in 30 years.
Contact RMS today to learn how menu research can benefit your restaurant.
###
About Revenue Management Solutions
Revenue Management Solutions (RMS) is committed to supporting restaurants through ever-changing times. Today, more than 50 major brands in 40-plus countries trust RMS. Its data-driven analytics and tech-enabled solutions optimize sales, menus and a brands financial health. RMS provides actionable insights to more than 100,000 restaurant locations worldwide to help them make informed business decisions that drive profitability and combat inflation and rising wages. The company holds five US patents on menu pricing and customer segmentation and supports ongoing academic research efforts. For more information on how RMS helps its clients, visit revenuemanage.com.
About iMotions
Founded in 2005 and headquartered in Copenhagen, Denmark, iMotions, a SaaS company, has developed the worlds leading human behavior software platform. More than 1,300 organizations around the world from leading academic institutions to global brands to highly respected healthcare organizations use iMotions to access real-time and nonconscious emotional, cognitive and behavioral data. By integrating and synchronizing all types of sensors into a single platform, iMotions provides researchers with access to deeper and richer insights and the most complete picture of human behavior. For more information, visit iMotions.com.
Contact Details
For RMS:
Tracy Henderson
+1 720-989-3530
tracy@centerreachcommunication.com
For iMotions:
Todd Graff
+1 617-309-0401
Company Website
View source version on newsdirect.com: https://newsdirect.com/news/revenue-management-solutions-imotions-partner-to-unlock-revenue-opportunities-through-menu-optimization-155156496
Revenue Management Solutions
COMTEX_441418627/2655/2023-10-04T08:02:05
Julian Lopez is professor emeritus of finance, served as the founding academic affairs dean and founding chair of the finance department.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No journalist was involved in the writing and production of this article.