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LightSpeed Debuts a New AI Platform for Businesses to Automate Tasks

Lightspeed Commerce Inc. introduces the new 'Smart Items' feature, which is designed to automate tedious tasks in the retail and restaurant service industries. This tool streamlines menu management, potentially saving valuable time – up to 30 minutes per 100-item menu. Businesses that start their journey from scratch can potentially save hours or even days with this new tool.

Moreover, Lightspeed's proprietary 'Advanced Insights' tool receives a robust upgrade featuring the 'Magic Menu Quadrant' empowers merchants with insights into popular items and those that foster repeat patronage. Additionally, the 'Staff Performance' tools help businesses optimize their front-of-house teams and facilitate increased order sizes and streamlined cross-training.

"Implementing NuORDER Assortments meant more accurate roll-ups and a clear process to write smarter buys," Stephanie Gin, director of Buying at Brunello Cucinelli, said in the release. "We now get an immediate visual of the assortment thus making it much easier to analyze and review. The tool has replaced all manual processes and has become essential to our buying process."
Trend Themes
1. Streamlined Menu Management - Automating menu management can potentially save businesses up to 30 minutes per 100-item menu, optimizing time efficiency.
2. Insights Into Popular Items - Lightspeed's 'Magic Menu Quadrant' provides merchants with insights into popular items, enabling them to make data-driven decisions.
3. Optimized Front-of-house Teams - Lightspeed's 'Staff Performance' tools help businesses optimize their front-of-house teams, leading to increased order sizes and streamlined cross-training.
Industry Implications
1. Retail - The 'Smart Items' feature can revolutionize menu management in the retail industry, saving valuable time and enhancing efficiency.
2. Restaurant Service - Automating tedious tasks in the restaurant service industry, such as menu management, can potentially save businesses hours or even days.
3. Buying and Merchandising - Lightspeed's 'Advanced Insights' tool, including the 'Magic Menu Quadrant', can greatly enhance the buying process by providing more accurate and immediate visual assortments.

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