The Future of Fashion: 3 Noteworthy Technologies

The Future of Fashion: 3 Noteworthy Technologies

By: Retail CIO Outlook | Monday, November 30, 2020

As customers become increasingly intertwined with the digital world, fashion businesses embrace the latest technologies to push the limits of manufacturing, marketing, and wearability.

FREMONT, CA: Technology and fashion are commonly seen as two different fields. However, the impact of technology in the fashion world is undeniable. Several technological innovations are taking over the fashion industry. Like all other industries, technology has transformed the way today's fashion businesses operate. With technology, the fashion business can extend its reach significantly. Here is a round of some of the significant technologies being used in fashion today.

Artificial Intelligence

Today, brands have been using AI to improve customers' shopping experience, analyze data, boost sales, forecast trends and offer inventory-related guidance. Chatbots and touchscreens are being used in stores to enhance customer experience and customized product suggestions. The technology behind it includes AI algorithms that track customers' journeys to match them with the right products. These customer service technology tools are promising and some of the most profitable avenues for AI.

Internet of Things

While fashion has made significant strides to enhance clothing for everyday lives, recent advancements in apparel technology and wearable gadgets have affected how people experience their surroundings and interact with others, giving the word comfort a whole new meaning. The rapid expansion of technology has affected businesses in several ways. The Internet of Things (IoT) allows data sharing, security, inventory management, and increased efficiency and productivity. Many firms consider IoT in enhancing their customer experience.

Data Analysis

The Internet and software tools available on the market enable brands and factories to receive real-time feedback and alerts from companies about defects or damaged goods. This assists them to save money, avoid waste, and deliver adequate products at the right time. The emergence of cloud computing has opened new opportunities for collaborative work, enabling factories and companies to work together from different parts of the world at the same time. This allows them to access relevant data, making for a faster and more effective way of communicating. In the case of streamlining communication and production with factories, data analytics helps optimize and automate this entire process.

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