Food Genius Introduces Foodservice Data Experiment, Pricebite
CHICAGO, IL - Food Genius, a provider of data for the foodservice industry, has announced a new tool to help curate national menu pricing data called Pricebite.
Foodservice companies still collect this data in antiquated ways, Eli Rosenberg, Co-Founder of Food Genius, explained in a blog post.
"People either have a stack of menus shoved in a drawer, they manually collect pricing data from their competitors, or they resort to sending a costly crew of field data collection specialists across the country or scouring the Internet for weeks or months. Then, they have to spend even more time formatting the data so it can be analyzed," he says. “We’re proud to introduce an alternative.”
Created to help anyone in the restaurant industry receive an instant download of menu pricing data across several popular national restaurant chains, Food Genius reports that this innovation is the product of a lot of time and manpower. While before, foodservice members would either have to do their research on foot or with a manual web search, restaurant by restaurant, with Pricebite, Food Genius uses proprietary data acquisition technologies that allow them to collect menu data at scale, delivering instant results to the customer.
Users will receive pricing info for their core menu items from chains across the country, with the goal of giving them the knowledge to update pricing, compare existing pricing, or create pricing for new items. The pricing data will range everywhere from mom and pop operations, to popular chains like Panera, Five Guys, Sweetgreen, Jersey Mike’s, Chipotle, and Olive Garden, according to a press release.
Available for download at a price of $100.00, this pricing data gives users a more accurate look into pricing in the foodservice marketplace. Once downloaded, the tool is owned in perpetuity and can be used to run further manipulations of the data, depending on your level of sophistication.
Pricebite is just one of many Food Genius projects, the company says. The company has opened up extensive accessibility of data to the foodservice industry, including the data presentation maker app Automat and menu analytics dashboard Dash.
