This year’s crop of Innovators is on the front lines when it comes to harnessing technology to please their customers and make their businesses run better. In the profiles that follow, you’ll learn how companies are innovating in a multitude of ways, from new product ideation, to tapping into data to improve fit and maximize fabric yield, to refining garments for particular professions, to embracing BI for greater insight into supply chains and inventory, to forging new digital strategies and much, much more.
Radio-frequency identification (RFID) can help apparel retailers with many of today’s greatest business priorities. The return on investment can be traced to greater inventory accuracy, faster fulfillment and better insight into consumer shopping behavior.
Why It’s Smart to Invest in Integrated Reporting & Analytics
Big data, analytics and BI — these are all hot terms in tech that have crossed over into fashion and apparel in the past few years. In fact, a recent survey conducted by CGS identified that 92 percent of decision makers in fashion and apparel planned to maintain or increase spending in analytics solutions.
This kind of smart data can be referred to as actionable intelligence. Moreover, these data-driven insights can guide a wide range of strategic business decisions to help companies drive revenue, improve operations, reduce costs and much more.