EVANPOYNT

13/12/2021

Decoding Metaverse for Fashion Retail

Metaverse is a catch-all phrase for all the existing technologies. They include virtual and augmented reality, multi-player video games, and the digital twins.

This edit looks at the trend and possible potential opportunities of metaverse for fashion retail.

while metaverse is a catch-all phrase for existing technologies, we look at potential opportunities of metaverse for fashion retail.

08/11/2021

Bernard Marr a world-renowned futurist, influencer and thought leader in the fields of business and technology acknowledged our partner Stylumia as a part of his recent article on Three AI and Tech trends that will transform the fashion industry.

Bernard is a best-selling author of 20 books, writes a regular column for Forbes, and advises and coaches many of the world’s best-known Organisations. He has over 2 million social media followers, 1 million newsletter subscribers and was ranked by LinkedIn as one of the top 5 business influencers in the world and the No 1 influencer in the UK.

Bernard’s latest book is "Business Trends in Practice: The 25+ Trends That Are Redefining Organisations"

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Fashion is one of the biggest industries globally, and revenues in the global apparel market are expected to reach $2.25 trillion by 2025 – but it’s not the first industry that probably pops into your mind when you think about artificial intelligence.

However, designers and brands that embrace the latest technology to push the limits of design, manufacturing, and production will come out on top in the fast-changing world of fashion.

To read the full article on a few of the biggest tech trends that are transforming the fashion industry today, click on the link below.
https://www.stylumia.ai/blog/futurist-bernard-marr-spots-stylumia/

28/09/2021

How do you achieve maximum return on fashion AI projects?

Return on fashion AI projects are more critical now than ever.

A recent study by Thomas H. Davenport (president’s distinguished professor of information technology and management at Babson College, a visiting professor at Oxford’s Saïd business school, and a fellow of the MIT Initiative on the digital economy) suggests a six-pronged approach to generate value.

The value you are generating out of an AI project depends on the “what” and the “how”. We see consistency of this framework and Stylumia's experience in implementing AI projects with brands and retailers globally.

An earlier article on “radical analytics adoption framework” captures some this essence. A good number of companies fail to realise the benefits from their AI initiatives due to the adoption framework.

Detailed research by MIT/BCG sheds some insights.

The pioneers are the ones who smartly combine strategy, organisational behavior and technology.

In this edit we provide a simple framework to give your projects a high probability of getting it right the first time and share the six levers to achieve return on Fashion AI projects investment.

Read further here:

Here is a framework of ensuring that you get significant return on fashion AI projects learning from MIT's research. Not the What but the How.

24/08/2021

The “End of Trend Forecasting”, Without Measurement.

A quick google search on “trend forecasting accuracy” returns no relevant results (the hyperlink takes you to the search results). This is revealing and has huge consequences on the economic and environmental sustainability of the fashion and retail industry.

What we cannot measure, we can never improve.
The fashion and retail industry consumes a lot of trend forecasts without measurement.

Are you paying thousands of dollars for trend forecasting tools, let alone millions of bets you place? Have you measured the accuracy of trends you consume as they occur?

Read this edit "why there should be an end of trend forecasting?"

Why should there be an end of trend forecasting? Yes, you must stop consuming trend forecasting without measurement as you can't improve otherwise.

30/07/2021

How to transform the fitness of your fashion brand?

Like human fitness, the fitness of your fashion brand depends on building a healthy habit.

As leaders, one of the biggest challenges you would be facing is effecting change. It is not having great ideas that matter but adopting them. It is not about having new tools, software, but adopting them. Adoption is the key to transformation.

In this edit, read how our business partner is bringing their experience of creating adoption and science-backed insights into effecting change in the fashion world.

Read the full article at:

Fitness of your fashion brand depends on the healthy habits. The challenge is what are the healthy habits and how to follow.

09/06/2021

One of the first principles in business is to focus on the customer, but many businesses obsess over the competition. This is a must-avoid obsession in fashion retail.

Here is an edit with how you as a brand or retailer can shift systemically to customer obsession by design.

Read the full article
https://www.stylumia.ai/.../a-must-avoid-obsession-in.../

23/04/2021

Fashion forecasting driven by Stylumia's Consumer Intelligence Tool (C.IT) will help you spot winning ideas 10x times faster than the speed of current trend research methodologies.

C.IT analyses True-Demand™ data using a proprietary AI-powered Demand-Sensing™ algorithm. Get a personalized demo to know more 👇
https://www.stylumia.ai/get-a-demo/

24/03/2021

EVANPOYNT's unique market offering to Retail for A/NZ and exclusive partnership with Stylumia in the news with IT Wire.
To read further click on the link below:
https://itwire.com/resellers/evanpoynt-and-stylumia-partner-exclusively-for-the-australian-and-new-zealand-markets.html

08/03/2021

Congratulations to our partner Stylumia for winning the Aegis Graham Bell Award 2021 for “AI Powered Innovation for Retail” !!

Aegis Graham Bell Award is a tribute to the father of the telephony and great innovator, Alexander Graham Bell. The Aegis School of Business, Data Science and Cyber Security has initiated this award to promote innovations and recognize the outstanding contributions by the innovators. It is the largest innovation award in the field of Telecom and SMAC (social, mobility, analytics and cloud).

It gives us great pleasure to share that the 11th annual award for “Artificial Intelligence (AI) powered innovation for Retail” has been awarded to our partner Stylumia. To read the full journey on this outstanding achievement, the fierce competition, making it to the finalist's and then...winning this coveted award click on the link: https://stylumia.us13.list-manage.com/track/click?u=ad8a52c2b777864883a3ba7dd&id=1328df736d&e=a0c6bc2c2f

06/02/2021

EVANPOYNT entered into a compelling partnership with Stylumia Intelligence Technology (Stylumia) announced in January 2021 to market their differentiated AI driven retail solutions exclusively for Australia and New Zealand.
Founded by Ganesh Subramanian, Stylumia is based in Bangalore, India a fashion tech company that believes in augmenting human intelligence in fashion and lifestyle retail for a better world. It has a mission of reducing wastage in the fashion and lifestyle industry.
Stylumia makes products for consumer-driven decision making using real-world data at internet scale to assist businesses in fashion and lifestyle solve difficult problems. It leverages machine learning to improve product assortments, optimise inventory management and offers the most accurate consumer-driven fashion forecast in the industry.
Their suite of proprietary solutions is powered by machine learning-based prediction algorithms and award-winning Demand Science™. This is a radical approach when compared to traditional supply-driven or intuitive fashion prediction and fashion forecasting systems available in the market globally that are prone to inaccuracy from analyses that focus on what is in the market already, being more an indicator of what was supplied rather than what is selling well.
EVANPOYNT share the passion for this vision, are a good cultural fit with common shared values. For further information on Stylumia refer to their web site: www.stylumia.ai
EVANPOYNT’s exclusive partnership as announced by Stylumia.
https://www.stylumia.ai/blog/stylumia-is-ready-for-australia-and-new-zealand-catwalk/