THE IMPACT OF DIGITAL TECHNOLOGIES ON FINANCIAL MANAGEMENT IN THE RESTAURANT BUSINESS

Success of restaurant corporations is analyzed by the greater standard of service and successful performance of the personnel in their workplace. The permutation of speed and eminence of service primarily became real. The reason behind this is the probabilities of information technologies and automated procedures adaption in the work environment of restaurant corporations. The consequence of this research report grounds on the verity that the implementation of information technologies in the workplace of companies can enables them to effectually comply with a range of financial management issues effectually as well as instantly. Ultimately, it can allow restaurant organizations to improvise the quality of their services, improve customer’s experiences, and as a result enhance their earnings in both the existing and global markets. Considerably, the main objective of this research report is to keenly examine the current state, and on the other hand to determine some main facets of digital technologies adaption in the modern economy. Additionally, this research report aims to analyze the usage of these technologies towards enhance the successfulness of restaurant business corporations. There are some general scientific methods that are applied for conducting the given research like abstraction, deduction, analysis, induction, inference, synthesis, and generalization. The discussed research report is further comprised the considerable tendencies in the market innovation of the restaurant industries in the virtual economy phase. Moreover, specific concentration was made by the research on analyzing the impact of digital technologies on the financial administration of the business firms. The use of technologies that are virtual in the activity of restaurant corporations throughout the marketplace is further summarized in the given research report. The major direction and appliances of the restaurant company’s digitalization were examined in this research report. Development of digital technologies and promising data throughout the COVID-19 epidemic were outlined. From the consideration of discussion and conclusion, this research report is mainly summarized that the information assistance of the restaurant companies in the marketplace and the use of technologies that are virtual are a strategic resources for businesses.

___________________________________________________________________________________

 

Keywords: Crowdfunding, Permutation, IoT, Virtual Technologies, Chatbots.


DOI:

Article DOI:

DOI URL:


Download Full Paper:

Download