How Technology Is Shaping The Future Of The Fashion Industry
Cumulative data compiled within The Fashion and Apparel Industry Reportpaints a bright portrait with worldwide revenue expected to rise from $481.2 billion in 2018 to $712.9 billion by 2022:
Although fashion and technology are often perceived as entirely distinct fields, the two have always intersected — generally to the betterment of both industries.
Take today’s ultimate staple for example: blue jeans. Originally manufactured for cowboys, miners and factory workers in the mid 1800s, it wasn’t until the 1950s that Rebel Without a Cause and its star James Dean sparked their popularity and widespread adoption — a perfect example of the influential scope that technology and fashion industry possess when they converge.
In recent years, technology has been dabbling in the fashion industry. With the shift from brick-and-mortar retail shopping, technology’s impact has been difficult to ignore — especially with e-commerce in full force.
As in all sectors, tech is revolutionizing how businesses operate, with the use of data analytics, artificial intelligence, virtual technology and so on -leading to…