With the best profit margins in the industry sitting at 3-5%, restaurants are seizing software and apps that either help increase their bottom lines or keep money in their bank accounts. Or so they think. Most restaurants actually throw away hundreds of dollars - if not more - on restaurant technology every month.
Since Steve Jobs introduced the first iPhone in 2007, smartphones have rapidly changed the way we shop, search, and spend. Today, more than 188 million people own a smartphone in the US and that number is expected to reach 200 million by end of this year. These devices have become a very integral part of our lives and we rely on them to perform the most trivial to the most intimate tasks.