ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Presto Launches New Voice Capability to Automate Speech Recognition for Restaurants

Presto Voice is powered by a set of highly accurate conversational artificial intelligence (A.I.) technologies.

Presto, the leading provider of enterprise-grade restaurant technologies, has launched Presto Voice to automate speech recognition for restaurants. In the face of the ongoing labor shortage, restaurants can use Presto Voice to effectively scale operations. The product can be deployed in a variety of restaurant settings including drive-thrus, line busters, kiosks, pay-at-table systems, and server handhelds to streamline the guest experience while increasing the guest-to-staff ratio. The Presto Voice solution has an accuracy of over 95% and includes a human backup option for rare edge cases.

Key features of Presto Voice include:

  • Voice-based Ordering, by Guest or Staff: Enable faster order taking, increasing speed of service and improving labor productivity by as much as 3X
  • Higher Order Accuracy: Improve order accuracy to increase revenue and maximize guest happiness
  • Conversational AI: Take automated orders using AI that recognizes and adapts to different accents, environmental conditions, and noise levels
  • Consistent Upselling: Increase check sizes with consistent upselling that can be customized to individual characteristics
  • Real-Time Menu Optimization: Promote items with short preparation times (or higher margins) when things are busy
  • POS Integration: Minimize staff trips as orders are automatically transmitted to the point of sale system

By deploying Presto Voice, both quick-service and dine-in restaurants can free up staff for other, more people-dependent areas of their business. The product performs well with unique or infrequently ordered menu items and can easily manage various guest accents. Due to its superior A.I. algorithms, the product requires only a few weeks of training before delivering full order accuracy.

“Ordering is a real friction point for both guests and staff, and Presto Voice both speeds this up and makes it more accurate and profitable,” said Rajat Suri, founder and CEO of Presto. “With Presto Voice, we’re providing a superior solution that works every single time and never forgets to upsell. This is especially important in the face of the ongoing labor shortage when restaurants may be understaffed and staff may be inexperienced.”

For more information on Presto Voice, visit ​​https://presto.com/restaurant-voice/. To schedule a demo or learn more about Presto’s products, please contact mktg@presto.com or visit www.presto.com.

About Presto

Presto overlays next-gen digital solutions onto the physical world. Our enterprise-grade touch, vision, and voice technologies help hospitality businesses thrive while delighting guests. With over 100 million guests using Presto each month and 300,000 systems shipped, we are one of the largest technology providers in the industry. Founded at M.I.T. in 2008, Presto is headquartered in Silicon Valley, Calif. with customers including top 20 hospitality chains such as Applebee’s, Aramark, Chili’s Grill & Bar, Denny’s, and Outback Steakhouse.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.