E-commerce is becoming an increasingly significant part of the global economy. According to the 2020 Forester report, e-commerce accommodates one-third of US businesses, with over 60% of these transactions occurring through marketplaces. Although it’s tough to compete with giants like eBay or Amazon, the industry is enormous, which leaves many uncovered niches and regions worldwide. After…
Forecasting customer demand in today’s rapidly changing business landscape is more important than ever. Active demand forecasting is a strategic approach mostly applicable to organizations that are in the growth phase or those in their early stage of establishment. Not only does a company with the ability to predict future customer needs get an edge…
Mismanagement of inventory stock remains a major problem for businesses in different sectors. Extra inventory can increase operating expenses, while inadequate supply affects sales and reduces customer satisfaction thus tainting the brand. Thus, achieving the equilibrium between these two scenarios underpins the need for demand planning to ensure profitability and customer loyalty. In today’s ever-changing…
The integration of Artificial Intelligence (AI) into the fashion industry has opened up numerous opportunities for innovation and efficiency. However, it also presents significant ethical and legal challenges that need to be addressed to ensure responsible and fair use of this technology. This blog delves into the ethical and legal considerations surrounding the adoption of…
The fashion industry is on the cusp of a major transformation, thanks to the integration of Generative Artificial Intelligence (GenAI). From creating realistic 3D models to personalizing fashion recommendations, GenAI is revolutionizing how fashion is designed, visualized, and marketed. This blog explores the various applications and benefits of GenAI in fashion, highlighting its potential to…
Generative AI, a branch of artificial intelligence, is rapidly transforming the fashion industry by revolutionizing how designs are created and visualized. By using advanced algorithms, Generative AI (GenAI) can generate new ideas, patterns, and even entire garments, offering designers unprecedented creative freedom and efficiency. This technology is not just a futuristic concept but a practical…
The fashion industry, renowned for its creativity and rapid evolution, has always embraced change. From hand-drawn sketches to sophisticated digital designs, the methods of fashion creation have continually adapted to new technologies. Today, the industry stands on the brink of another revolution with the integration of Artificial Intelligence (AI). This transformation is not merely about…
A Product Information Management (PIM) provides a single repository for storing all product data. A PIM refers to the processes to manage available product information across an organization. This includes managing product data, attributes, descriptions, images, and other relevant information needed for marketing, sales and distribution across different channels. A PIM system is a…
Managing high quality product data is critical to offering a personalized experience across all customer engagement and shopping channels. A comprehensive Product Information Management (PIM) system is key to efficiently manage the product information based on the evolving market demands. A PIM system serves as a central hub for organizing, enriching, and managing product information…
In the ever-evolving world of fashion, where trends shift as quickly as the seasons, one constant remains: change. However, the change we're witnessing today isn't just about shifting tastes or hemlines—it's a seismic transformation driven by technology. From AI-driven design to sustainable practices, the apparel landscape is being reshaped by data, innovation, and a commitment…
Customer service is a craft with finite dimensions, and unlike other arts, mastering it involves immersing oneself in the customer experience. In essence, one must treat customers as they would want to be treated – with respect, dignity, accountability, empathy, swift resolutions, empowerment through education, all delivered with a friendly demeanor. Striking the right balance…
Crafting an enticing and distinctive product presentation is both an art and a potent driver of sales. Generative AI emerges as a facilitator in this endeavour, offering innovative solutions to enhance product displays, particularly for less prominent items. A notable challenge in eCommerce is the labor-intensive task of manually creating original product sessions, especially for generic…