In the latest episode of Hospitality Hangout podcast, Michael Schatzberg “The Restaurant Guy” and Jimmy Frischling “ The Finance Guy” chat with Rob Carpenter, founder and chief executive officer at Valyant AI about automated order taking for quick service restaurants.
Carpenter says, “There's a little bit of a labor crunch out there, one point seven million unfilled positions across the hospitality industry right now. So what we do is stick revolutionary cutting edge technology into your restaurant, greets customers, answers questions, takes the customer's order and then submits it directly into the point-of-sale system. Making the operators and the employees' lives easier and along the way what we see is anywhere between a five percent to twenty percent increase in top line revenue. So if you're doing one to two million a year you can add twenty percent to your top line overnight. While solving the labor problem.”
When asked about where the idea of Valyant AI came from, Carpenter says, “so the core initial idea for Valyant which we will eventually get to is the idea of automating customer service in physical locations. So what the very first version of Valyant’s product was effectively a holographic employee. So imagine a transparent OLED display which is effectively a piece of glass merged with a flat screen tv and we render a five and a half foot tall digital person and her name was Holly and she could blink her eyes and lean in and the idea was that she could carry on a conversation with you.”
Carpenter talks about there not being holographic employees or automated customer service available in many places because the technology is extremely hard. They pivoted the business saying they would need to solve the problem of conversational AI in order to bring a holographic employee to market. Carpenter says, “we’ve effectively spent the last four and a half years hyper focused on solving conversational AI and right now it’s for restaurants. Eventually we want to roll it to hospitality in general and then we would look to in the future to take it to additional industries beyond that.”
Tune in to learn more. You can subscribe and listen to Hospitality Hangout Podcast on Spotify or directly on the Foodable Network.
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