How Artificial Intelligence Helps To Promote And Sell Goods In The Fashion Industry?
The fashion industry
across the globe is embracing and investing in disruptive technologies such as
IoT, AI, predictive analytics, and big data, among others. This increasing
adoption is driven by the successful implementation of AI, which resulted in enhanced
operational efficiency, increased sales revenue, and improved customer
experiences. Apparel and clothing brands are looking for innovative ways to get
their products in front of buyers and to significantly create awareness and
demand in the market. Fashion brands are implementing machine learning and AI
to maximize users' experience and to increase sales through intelligent
automation.
With the advent of AI
technology, which learns in real-time and provides recommendations based on
patterns, brands have a tremendous opportunity to apply AI in various processes
to better understand the business environment and customers. For instance, the
popularly known fashion brand “Forever 21” is recently going through the
bankruptcy phase.
The global artificial intelligence
in fashion market is segmented into five major regions, including North
America, Europe, Asia Pacific, Middle East, and Africa, and South America.
North America holds the major market share in the AI in the fashion market. The
region comprises early adopters of a large population base and a huge number of
developing economies.
The major companies
offering artificial intelligence in fashion market include Adobe Inc., Amazon
Web Services, Inc., Catchoom Technologies S.L., Facebook, Inc., Google LLC,
Huawei Technologies Co., Ltd., IBM Corporation, Microsoft Corporation, Oracle
Corporation, and SAP SE among others. Vue.ai, Heuritech, Wide Eyes, FINDMINE
(US), Intelistyle, Lily AI, Pttrns.ai, and mode.ai are also offering the
artificial intelligence platform and solutions for various fashion brands,
which is facilitating the market to propel over the years.
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