reporter: by using the data this way to revise vendor orders and update the products offered, lindsay s retail business is what allen bonde calls data driven. lindsay says other shop keepers who simply collect their receipts in a drawer and wait until their bookkeepers do the math, no matter what kind of business they re in, are getting their information too late to use. food costs are not the only numbers she monitors. lindsay also uses bread crumb software to track the cash in the cash register. we assigned a single cashier to each register. end of the day people make mistakes, and that s okay. but if there s a consistent like, oh, she works every wednesday, every wednesday this cash register is short. then, you know, you can tell. reporter: allen says this kind of access to data allows owners to make decisions and change plans quickly and effectively. the key with both big data and small data is getting that rapid feedback. and then thinking about the actions that you take.
menu. those kinds of things. by using the data this way to revise vendor orders and update the products offered, lindsay s retail business is what alan bond calls data driven. lindsay says other shopkeepers who simply collect their receipts in a drawer and wait until their bookkeepers do the math, no matter what kind of business they re n are getting their information too late to use. food costs are not the only numbers she monitors. lindsay also uses bread crumb software to track the cash in the register. people make mistakes and that s okay. if there s a consistent thing, you can tell. alan says this kind of access to data allows owners to make decisions and change plans quickly and effectively. the key with both big data and small data is getting that rapid feed bank and then thinking about the actions that you take. but data alone is not enough. when this vendor suggested
these are my food costs here. that is e-mailed to her bill.com account for payment and society a spread sheet. vendor by vendor day by day month by month. there s frito lay. it s showing all the bills paid to frito lay. seeing the data daily sees the price responses. bringing them down or adjusting prices or dropping something off a menu. by using the data this way to revise vendor orders and update the products offered the retail business is what alan calls data driven. it s a difference between a business that generates data which all businesses do, and a business that strives to become data driven where the data becomes part of the decision making. lindsay say other shop viewers who collect their re recreates in the drawer no matter the kind of business are getting their information too