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Summary: The fashion industry is constantly evolving, and brands are adopting new technologies with smarter infrastructure for a competitive edge. Fashion labels are always futuristic to continue riding the trends. Here are some breakthrough technologies from 2021 and 2022 that are making their way into mainstream manufacturing.
Strategic technology planning helps fashion brands chart out where they wish to stand in the future. In 2022, newer technologiesstarted to become the norm. Regulators are now considering several breakthrough strategic innovations, such as drone deliveries and driverless shipments. Here are the strategic technology trends for 2023.
Machine Learning for Predicting Trends
When it comes to machine learning (ML), new technological innovations developed in 2022 and 2021 such as programming algorithms, predictive data mining and demand forecasting are slowly making their way to the top. AI and ML are retrieving data directly from customer touchpoints. As a result, fashion brands can manufacture precisely what people will want. Brands can also know the exact quantities to be produced, trimming down their logistics costs.
Incorporating AI TRiSM (Trust, Risk, and Security Management) in Model Development
Fashion industries work in a dynamic global marketplace. Therefore, incorporating trust, risk, and security management (TRiSM) into their procurement and delivery models is critical to their survival. In e-Commerce, data privacy and security issues are becoming a worrying factor. This is where technologies such as cloud-based and automated supply chain management, and secure logins are safeguarding their backend operations with smart AI-based technologies.