The sectors are thriving and developing, and technological breakthroughs in the fashion business are increasing at an exponential rate. Personalization has gained a lot of attention and has become one of the largest trends, and Artificial Intelligence in the industry is discovering new ways to analyse all the data and adjust designs to people’s tastes.
Artificial Intelligence in fashion market
AI has already established itself in the fashion industry and is rapidly expanding. Globally, the market for AI in the fashion industry is expected to expand to USD 1260 million by 2024, up from USD 228 million in 2019, at a CAGR of 40.8% between 2019 and 2024. The future of AI in the fashion business is brightening as customer desire for a personalised experience rises. Demand from inventory management also plays a part in encouraging the expansion of AI in the fashion market. Aside from that, social media impact and support are supporting the usage of AI in fashion design.
Artificial intelligence assists the fashion industry by identifying anticipated future trends through analysis of consumer purchase behaviour. AI also helps to improve the concept of quick fashion and allows vendors to apply AI for fashion-related solutions.
Fashion design for everyone
In today’s world, every design industry necessitates a certain amount of creative and social intelligence from designers. Creative problem solving, negotiation, persuasion, empathy, and many more qualities are required of fashion designers. AI enables these skill sets in a designer, allowing a huge number of non-designers to improve their talents and increase their employability.
The process of design thinking in fashion is critical as power shifts from the designer’s hands to the audience’s hands. Fashion design is no more just about making designs and transforming them into their actual form; instead, modern fashion design has given its importance to everyone.
Enhanced fashion designs
Artificial Intelligence has enhanced the fashion designing industry greatly, from designers working for weeks to bring out a sample with huge wastage of time and supply; now with the help of AI, designs are produced daily at a larger scale than with the help of traditional methods.
Artificial Intelligence is implemented in the fashion industry for better analysis of customer requirements. It benefits the industry by scanning a precise body and making appropriate measurements using smartphone pictures. AI helps in enhancing the fashion designing industry by creating a styling guide based on the recommendations of the people. Small retailers are also benefited as they can figure out the trends in the market and have a chance to meet the demands of the consumer.
The advances in technology are bringing designs to a new and enhanced place where we also see AI playing a new role. The industry is changing and the new programs that come along with AI are making the fashion industry more intelligent.