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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Future Of The Fashion Industry, How Technologies Will Revolutionize The Fashion Industry, The Benefits Of Leveraging Robots In The Fashion Industr

The Future Of The Fashion Industry, How Technologies Will Revolutionize The Fashion Industry, The Benefits Of Leveraging Robots In The Fashion Industr

Sachs, Harrison

Paperback

Business General

ISBN13: 9798656333740
Published: Jun 23 2020
Pages: 82
Weight: 0.40
Height: 0.17 Width: 7.99 Depth: 10.00
Language: English
This essay sheds light on the future of the fashion industry and explicates how technologies will revolutionize the fashion industry. Moreover, the benefits of leveraging robots in the fashion industry are demystified in this essay. Furthermore, how to earn substantial money online so that you can afford to procure your own smart clothing products is expounded upon in this essay.The future of the fashion industry will not only be characterized by dynamism as it continues to metaphorically evolve, but will also be eminently auspicious for fashion designers, supply chain members, retailers, and customers. Technological advancements are profoundly changing the fashion industry and are rendering it all the more technology driven. Technologies advancements have even been automating the fashion designer (The Future Of, 2019). In the coming years, artificial intelligence will further reshape brands' approach to product design and development, with a focus on predicting what customers will want to wear next. Google for instance has already tested the waters of user-driven artificial intelligence fashion design with Project Muze, The project trained a neural network to understand colors, textures, style preferences, and other 'esthetic parameters, ' derived from Google's Fashion Trends Report as well as design and trend data sourced by Zalando. From there, Project Muze used an algorithm to create designs based on users' interests and alignment with the style preferences recognized by the network . Similarly to Google, Amazon is innovating in this area as well. One Amazon project, would use machine learning to assess whether an item is 'stylish' or not. Another, out of Amazon's Lab126 R&D arm in California, would use images to learn about a particular fashion style and create similar images from scratch (The Future Of, 2019). In the coming years, artificially intelligent fashion designers will leverage deep learning in order to churn out original designs based on images, themes, and keywords imported by human designers (The Future Of, 2019). It would be unsurprising if artificially intelligent fashion designers designed some of the fashion industry's best selling products. Artificial intelligence is able to understand to understand customer preferences in far greater depth than human fashion designers. Artificial intelligence will become more prevalent in the fashion industry in the coming years as brands become more dependent on leveraging artificial intelligence systems (The Future Of, 2019) to bring their grandiose visions to fruition. Artificial intelligence has begun to influence the future trajectories of fashion brands and will play a more prominent role in the fashion industry in the coming years as artificial intelligence systems (The Future Of, 2019) becomes more ubiquitous among fashion brands. For instance, Stitch Fix is already at the forefront of artificial intelligence driven fashion with its 'Hybrid Design' garments, which are created by algorithms that identify trends and styles missing from the Stitch Fix inventory and suggest new designs based on combinations of consumers' favorite colors, patterns, and textiles for human designers' approval. The company has said that the artificial intelligence designed pieces perform comparably in 'keeper' sales to the garments from its fashion-brand suppliers. That is likely because Stitch Fix has such vast troves of customer data informing its artificial intelligence, thanks to its subscription-based, feedback-focused business model (The Future Of, 2019). Artificial intelligence can assist fashion brands with developing the quintessential fashion products that are designed to sell based on the customer's preferences and purchasing history. The usage of artificial intelligence in the fashion industry can help fashion companies attain higher profit margins, higher sales volumes, higher revenue, and increased customer retention rates.

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