Business Daily Media, 6 December 2022
An advanced ‘world first’ intelligent restaurant booking system, invented by veteran Sydney restaurateur and proprietor Peter Petroulas, has just been awarded a US patent, valuing his start up business WizButler at $275 million AUD.
WizButler is a game changing, never-been-done-before technology solution which manages restaurant space instead of a fixed number of restaurant tables. The algorithm not only dynamically reallocates tables in real time it also dynamically reallocates every booking to optimise space and bookings on the dining floor, creating so-called “dancing tables”. The technology is so revolutionary it can easily and autonomously take 50 percent more bookings online in real time during a busy service than any other booking system.
Mathematicians from MIT, Cornell University and technology companies like Apple, Amazon and Oracle have been aware of the inefficiencies of existing systems, (where new booking requests can be rejected when the tables are only 60 percent full), for the last twenty years but have failed to find a solution. The issue, WizButler Founder and CEO Peter Petroulas said, was that all prior attempts to solve the problem fell into the trap of trying to improve the existing process by trying to develop more advanced mathematical search algorithms, while still allocating bookings to a fixed pool of tables and table combinations, Wittgenstein’s famous ‘Fly Bottle’.
Mr Petroulas, inspired by the “think different” approach of Apple founder Steve Jobs, reimagined the problem and rather than continuing attempts to find a better mathematical search algorithm within a fixed pool of table and table combinations framework.