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While the visible side of generative AI remains dominated by wild creative swings, the industry is working on bringing deployability and accuracy to apps. 
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Integrating philosophy into the engineering curriculum significantly enhances critical thinking and problem-solving skills. It equips engineers with the ability to question assumptions, envision complex solutions, and embrace the ethical dimensions of technology and innovation. Philosophy encourages engineers to explore the 'why' behind their projects, fostering innovation that is not only technologically advanced but also ethically informed and socially responsible. This interdisciplinary approach leads to the development of technologies that better address real-world issues, reflecting a deeper understanding of human values and societal needs. #engineeringphilosophy #criticalthinking #ethicalinnovation #technologyethics #interdisciplinary #sustainabletech
ELSE.Corp's insight:
Integrating philosophy into the engineering curriculum significantly enhances critical thinking and problem-solving skills. It equips engineers with the ability to question assumptions, envision complex solutions, and embrace the ethical dimensions of technology and innovation. Philosophy encourages engineers to explore the 'why' behind their projects, fostering innovation that is not only technologically advanced but also ethically informed and socially responsible. This interdisciplinary approach leads to the development of technologies that better address real-world issues, reflecting a deeper understanding of human values and societal needs. #engineeringphilosophy #criticalthinking #ethicalinnovation #technologyethics #interdisciplinary #sustainabletech
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From
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The current discourse on AI's future often leans towards an apocalyptic narrative, concentrating on existential threats like Artificial General Intelligence (AGI) outsmarting human control and leading to mass unemployment. However, this narrow focus misses out on immediate concerns such as misinformation and AI-enabled deep fakes, while also stripping individuals of their agency in shaping AI's impact. We're already in the early stages of the AI era, necessitating immediate decisions at every organizational level to avoid being passive recipients of AI's influence. A key insight from early studies highlights AI's potential to significantly boost productivity, with early adopters reporting substantial time savings and improved output quality. This isn't limited to mundane tasks; AI's reach extends to high-skilled, creative jobs traditionally thought immune to automation. Yet, this shift doesn't have to lead to job cuts. Instead, it presents an opportunity for companies to leverage AI-induced efficiency gains to enhance their competitive edge without reducing their workforce. #AI #FutureOfWork #Innovation #EthicalAI #Productivity #Empowerment
ELSE.Corp's insight:
The current discourse on AI's future often leans towards an apocalyptic narrative, concentrating on existential threats like Artificial General Intelligence (AGI) outsmarting human control and leading to mass unemployment. However, this narrow focus misses out on immediate concerns such as misinformation and AI-enabled deep fakes, while also stripping individuals of their agency in shaping AI's impact. We're already in the early stages of the AI era, necessitating immediate decisions at every organizational level to avoid being passive recipients of AI's influence. A key insight from early studies highlights AI's potential to significantly boost productivity, with early adopters reporting substantial time savings and improved output quality. This isn't limited to mundane tasks; AI's reach extends to high-skilled, creative jobs traditionally thought immune to automation. Yet, this shift doesn't have to lead to job cuts. Instead, it presents an opportunity for companies to leverage AI-induced efficiency gains to enhance their competitive edge without reducing their workforce. #AI #FutureOfWork #Innovation #EthicalAI #Productivity #Empowerment
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From
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Over the next half-century, work opportunities are expected to flourish, contrary to fears of technology-induced job scarcity. With strategic skill-building policies, entire populations will find new opportunities for purposeful engagement. Employment will grow in regenerative, community-focused economic models emphasizing nature-centric activities. Essential skills for future success will include interpersonal communication, holistic security, creativity, and lifelong learning starting from early education. #FutureOfWork #SkillBuilding #RegenerativeEconomies #LifelongLearning #WorkplaceInnovation
ELSE.Corp's insight:
Over the next half-century, work opportunities are expected to flourish, contrary to fears of technology-induced job scarcity. With strategic skill-building policies, entire populations will find new opportunities for purposeful engagement. Employment will grow in regenerative, community-focused economic models emphasizing nature-centric activities. Essential skills for future success will include interpersonal communication, holistic security, creativity, and lifelong learning starting from early education. #FutureOfWork #SkillBuilding #RegenerativeEconomies #LifelongLearning #WorkplaceInnovation
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Fashion trends have condensed into a 12-year cycle, with the potential for their significance to wane due to the influence of social media algorithms. Rijkers' analysis of recent trend reports and articles, notably a Huffington Post piece on key trends for Fall/Winter 2012, reveals striking similarities with the Fall/Winter 2024 season. This observation underscores a shift from the traditional 30-year pop culture nostalgia pendulum to a shorter, 12-year cycle, with a future contraction to a mere decade anticipated. Rijkers notes that designers frequently reference their own and others' archival collections, leading to a perceived lack of novelty on runways. This situation places observers in a state of expectancy for innovation. Moreover, the simultaneous resurgence of multiple eras—1960s, 1970s, 1990s, and 2000s—allows for greater individual expression while maintaining a connection to fashion. Rijkers hypothesizes that within the next five years, trends may lose their significance due to increasing pressure from social media algorithms and a growing desire for authenticity among users. #FashionTrends #TrendCycle #SocialMediaInfluence #FashionInnovation #StyleEvolution #TrendForecasting #AuthenticStyle
ELSE.Corp's insight:
Fashion trends have condensed into a 12-year cycle, with the potential for their significance to wane due to the influence of social media algorithms. Rijkers' analysis of recent trend reports and articles, notably a Huffington Post piece on key trends for Fall/Winter 2012, reveals striking similarities with the Fall/Winter 2024 season. This observation underscores a shift from the traditional 30-year pop culture nostalgia pendulum to a shorter, 12-year cycle, with a future contraction to a mere decade anticipated. Rijkers notes that designers frequently reference their own and others' archival collections, leading to a perceived lack of novelty on runways. This situation places observers in a state of expectancy for innovation. Moreover, the simultaneous resurgence of multiple eras—1960s, 1970s, 1990s, and 2000s—allows for greater individual expression while maintaining a connection to fashion. Rijkers hypothesizes that within the next five years, trends may lose their significance due to increasing pressure from social media algorithms and a growing desire for authenticity among users. #FashionTrends #TrendCycle #SocialMediaInfluence #FashionInnovation #StyleEvolution #TrendForecasting #AuthenticStyle
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Generative AI transforms smart glasses into essential tools, enhancing functionality and user experience. Key players like Oppo, Google, Microsoft, and Amazon are developing AI glasses, leveraging patents and innovations for better design, battery life, and heat management. Partnerships, such as Avegant with Qualcomm and Applied Materials, aim to create visually appealing, AI-driven glasses. This surge in development signals a shift from AR to AI glasses, with potential for widespread adoption due to affordability and practical applications. #AIGlasses #TechInnovation #SmartGlasses #FutureOfTech #GenerativeAI #AugmentedReality
ELSE.Corp's insight:
Generative AI transforms smart glasses into essential tools, enhancing functionality and user experience. Key players like Oppo, Google, Microsoft, and Amazon are developing AI glasses, leveraging patents and innovations for better design, battery life, and heat management. Partnerships, such as Avegant with Qualcomm and Applied Materials, aim to create visually appealing, AI-driven glasses. This surge in development signals a shift from AR to AI glasses, with potential for widespread adoption due to affordability and practical applications. #AIGlasses #TechInnovation #SmartGlasses #FutureOfTech #GenerativeAI #AugmentedReality
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From
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Omnichannel integration in fashion retail bridges online and offline shopping, ensuring consistent customer experiences across all platforms. This approach leverages digital technology to enhance reach and streamline inventory and logistics, meeting consumers' demands for convenience and quick access. Personalization and data analytics are key, enabling tailored offerings and effective communication. Despite challenges in system integration and supply chain optimization, the focus remains on prioritizing customer satisfaction and adapting to technological advancements, draiving the sector's evolution in the digital era. #FashionRetail #OmnichannelStrategy #DigitalTransformation #CustomerExperience #InventoryManagement #RetailInnovation
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Artificial intelligence is rapidly transforming the fashion industry, offering unprecedented insights into consumer behaviors and trend forecasting. This technological evolution promises to revolutionize the creative process, making it more efficient, faster, and relevant. Moreover, AI's application extends to optimizing production aspects, such as material selection and design modifications, which, while often invisible to consumers, are crucial for a product's market success. The vision for the future involves brands and customers co-creating personalized fashion items, facilitated by AI. This paradigm shift towards custom-tailored and digitally designed wardrobes could significantly mitigate the industry's inefficiency, reducing waste and promoting sustainability. The collective sentiment among industry leaders is optimistic, with a significant majority planning to prioritize generative AI, anticipating a substantial impact on operating profits and the overall fashion ecosystem. #AIFashion, #TechStyle, #FutureOfFashion, #InnovationInStyle
ELSE.Corp's insight:
Artificial intelligence is rapidly transforming the fashion industry, offering unprecedented insights into consumer behaviors and trend forecasting. This technological evolution promises to revolutionize the creative process, making it more efficient, faster, and relevant. Moreover, AI's application extends to optimizing production aspects, such as material selection and design modifications, which, while often invisible to consumers, are crucial for a product's market success. The vision for the future involves brands and customers co-creating personalized fashion items, facilitated by AI. This paradigm shift towards custom-tailored and digitally designed wardrobes could significantly mitigate the industry's inefficiency, reducing waste and promoting sustainability. The collective sentiment among industry leaders is optimistic, with a significant majority planning to prioritize generative AI, anticipating a substantial impact on operating profits and the overall fashion ecosystem. #AIFashion, #TechStyle, #FutureOfFashion, #InnovationInStyle
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Adaptive retail, evolving from the early "customer centricity" approach at Best Buy, is the industry's latest buzzword, highlighting the necessity for retailers to swiftly adapt to consumer changes. It encompasses a unified retail experience, blending e-commerce and in-store shopping seamlessly. While Walmart champions adaptive retail as an innovative customer experience and technology integration strategy, the concept overlaps with "unified commerce." Industry experts argue the importance of a consistent term, with adaptive retail focusing on a process of constant adaptation and unified commerce as the end goal. The push for technological and organizational evolution is urgent, emphasizing data integration, flexibility, and multidisciplinary approaches. #AdaptiveRetail #UnifiedCommerce #CustomerCentricity #RetailInnovation #TechTrends
ELSE.Corp's insight:
Adaptive retail, evolving from the early "customer centricity" approach at Best Buy, is the industry's latest buzzword, highlighting the necessity for retailers to swiftly adapt to consumer changes. It encompasses a unified retail experience, blending e-commerce and in-store shopping seamlessly. While Walmart champions adaptive retail as an innovative customer experience and technology integration strategy, the concept overlaps with "unified commerce." Industry experts argue the importance of a consistent term, with adaptive retail focusing on a process of constant adaptation and unified commerce as the end goal. The push for technological and organizational evolution is urgent, emphasizing data integration, flexibility, and multidisciplinary approaches. #AdaptiveRetail #UnifiedCommerce #CustomerCentricity #RetailInnovation #TechTrends
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Over the past 15 years, garment workers globally have missed out on $4bn in severance pay due to "wage theft," particularly when losing jobs from order cancellations or factory shutdowns by Western brands. This issue, highlighted by the Worker Rights Consortium, showcases a systemic problem in the fashion industry, where brands' voluntary labor standards fail to address the severance theft, leaving workers and their families in dire situations. Cases like the Style Avenue factory in El Salvador exemplify this, where workers were left severely undercompensated, sparking industry-wide calls for accountability and reform. #FashionIndustryInjustice #SeveranceTheft #WorkersRights #GlobalLaborIssues #SustainableFashion
ELSE.Corp's insight:
Over the past 15 years, garment workers globally have missed out on $4bn in severance pay due to "wage theft," particularly when losing jobs from order cancellations or factory shutdowns by Western brands. This issue, highlighted by the Worker Rights Consortium, showcases a systemic problem in the fashion industry, where brands' voluntary labor standards fail to address the severance theft, leaving workers and their families in dire situations. Cases like the Style Avenue factory in El Salvador exemplify this, where workers were left severely undercompensated, sparking industry-wide calls for accountability and reform. #FashionIndustryInjustice #SeveranceTheft #WorkersRights #GlobalLaborIssues #SustainableFashion
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From
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Strategic planning often becomes a resource-draining spectacle. The article advocates for "strategy therapy," focusing on honesty and self-awareness rather than traditional analysis. Simplifying strategy into three core questions—current status, goals, and a credible path—enhances clarity. It emphasizes the importance of acknowledging unique strengths and the level of specialness, urging companies to choose between being better, best, or different, each with distinct implications for profitability and market approach. Strategy therapy, prioritizing brutal honesty and an abundance mindset, is presented as more effective than conventional planning. #StrategyTherapy #BusinessInnovation #StrategicHonesty #LeadershipMindset
ELSE.Corp's insight:
Strategic planning often becomes a resource-draining spectacle. The article advocates for "strategy therapy," focusing on honesty and self-awareness rather than traditional analysis. Simplifying strategy into three core questions—current status, goals, and a credible path—enhances clarity. It emphasizes the importance of acknowledging unique strengths and the level of specialness, urging companies to choose between being better, best, or different, each with distinct implications for profitability and market approach. Strategy therapy, prioritizing brutal honesty and an abundance mindset, is presented as more effective than conventional planning. #StrategyTherapy #BusinessInnovation #StrategicHonesty #LeadershipMindset
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The plaintiffs allege that thanks to AI, Shein does not operate in the same way that fast fashion companies used to.
ELSE.Corp's insight:
The fashion industry is witnessing a significant shift in the methods used by fast fashion retailers to select their designs. Previously, they primarily replicated high-end fashion items, but now they are also targeting products from mass-market and indie designers. This change is driven by the use of artificial intelligence (AI) algorithms by companies like Shein, which identifies trending designs based on various metrics such as web traffic and social media interactions. This approach has led to an increase in lawsuits alleging intellectual property theft, as these algorithms often produce exact replicas of existing designs, regardless of their brand or price point. #FashionTech #AIinFashion #FastFashionTrends #IntellectualPropertyFashion #RetailInnovation #DataDrivenDesign
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3D virtual stores are transforming the retail sector by offering immersive, content-rich shopping experiences. These web-based environments go beyond traditional e-commerce, featuring digitized versions of physical products in 2D and CGI-rendered 3D formats. This innovation not only provides a new retail channel but also enhances the display and interaction with digital product creations. Companies like Obsess are leading this change, creating virtual stores that combine product visualization with brand storytelling. These stores have shown to increase sales and customer engagement, particularly with younger audiences. Additionally, they allow for dynamic merchandising and gamification, aligning with the preferences of a gaming-fluent consumer base. This shift towards 3D virtual environments signifies a crucial evolution in digital retail, emphasizing immersive and interactive customer experiences. #3DRetailRevolution #VirtualStores #FutureOfShopping #DigitalRetail #ImmersiveShopping #TechInRetail #InteractiveEcommerce #Obsess3D #VirtualMerchandising #RetailInnovation #GamifiedShopping #3DProductDisplay
ELSE.Corp's insight:
3D virtual stores are transforming the retail sector by offering immersive, content-rich shopping experiences. These web-based environments go beyond traditional e-commerce, featuring digitized versions of physical products in 2D and CGI-rendered 3D formats. This innovation not only provides a new retail channel but also enhances the display and interaction with digital product creations. Companies like Obsess are leading this change, creating virtual stores that combine product visualization with brand storytelling. These stores have shown to increase sales and customer engagement, particularly with younger audiences. Additionally, they allow for dynamic merchandising and gamification, aligning with the preferences of a gaming-fluent consumer base. This shift towards 3D virtual environments signifies a crucial evolution in digital retail, emphasizing immersive and interactive customer experiences. #3DRetailRevolution #VirtualStores #FutureOfShopping #DigitalRetail #ImmersiveShopping #TechInRetail #InteractiveEcommerce #Obsess3D #VirtualMerchandising #RetailInnovation #GamifiedShopping #3DProductDisplay
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The fashion industry is grappling with the integration of AI, which has the potential to revolutionize how clothing is showcased. Companies like Levi Strauss have tested AI-generated models to reflect diversity in size and appearance without intending to replace human models. This approach aims to reduce return rates by better fitting virtual showcases of garments. However, the use of AI has stirred concerns about diminishing work for human models and perpetuating stereotypes through artificial images that may appear diverse but lack genuine representation. AI technology in fashion is a double-edged sword. It offers the promise of innovation and efficiency but also poses risks to job security for models and could potentially distort public perceptions of diversity. The debate is further complicated by the use of real models' likenesses without proper compensation, sparking calls for clearer regulations and ethical guidelines in the industry. While some companies affirm their commitment to diversity and human models, the conversation around AI's role remains fraught with ethical, legal, and social implications. #FashionTech #AIModels #DigitalDiversity #FashionInnovation #EthicalFashion
ELSE.Corp's insight:
The fashion industry is grappling with the integration of AI, which has the potential to revolutionize how clothing is showcased. Companies like Levi Strauss have tested AI-generated models to reflect diversity in size and appearance without intending to replace human models. This approach aims to reduce return rates by better fitting virtual showcases of garments. However, the use of AI has stirred concerns about diminishing work for human models and perpetuating stereotypes through artificial images that may appear diverse but lack genuine representation. AI technology in fashion is a double-edged sword. It offers the promise of innovation and efficiency but also poses risks to job security for models and could potentially distort public perceptions of diversity. The debate is further complicated by the use of real models' likenesses without proper compensation, sparking calls for clearer regulations and ethical guidelines in the industry. While some companies affirm their commitment to diversity and human models, the conversation around AI's role remains fraught with ethical, legal, and social implications. #FashionTech #AIModels #DigitalDiversity #FashionInnovation #EthicalFashion
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Introducing Multi-view Ancestral Sampling (MAS) for generating 3D motions from 2D sequences by leveraging diffusion models. This innovation allows for the capture of complex motions from single-view data, a breakthrough in fields where 3D data collection is challenging. MAS creates multi-view 2D samples, ensuring consistency across views and projecting them into 3D space. Demonstrations include professional sports and rhythmic gymnastics, showcasing the method's ability to generate detailed and diverse 3D motions without 3D inputs, overcoming common issues like out-of-domain sampling and mode-collapse. #MAS #3DMotionGeneration #DiffusionModels #2DTo3DConversion #InnovativeTech #AIResearch
ELSE.Corp's insight:
Introducing Multi-view Ancestral Sampling (MAS) for generating 3D motions from 2D sequences by leveraging diffusion models. This innovation allows for the capture of complex motions from single-view data, a breakthrough in fields where 3D data collection is challenging. MAS creates multi-view 2D samples, ensuring consistency across views and projecting them into 3D space. Demonstrations include professional sports and rhythmic gymnastics, showcasing the method's ability to generate detailed and diverse 3D motions without 3D inputs, overcoming common issues like out-of-domain sampling and mode-collapse. #MAS #3DMotionGeneration #DiffusionModels #2DTo3DConversion #InnovativeTech #AIResearch
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Artificial Intelligence (AI) in the fashion industry enhances operations, boosts ecommerce, and reshapes retail experiences. It powers trend forecasting, design development, and personalized customer interactions, offering recommendations and virtual try-ons. AI aids in efficient inventory management and dynamic pricing strategies, facilitating a seamless omnichannel shopping journey. It plays a crucial role in marketing, from tailoring retargeting campaigns to automating content creation, signifying a pivotal shift towards data-driven, customer-centric approaches. #AIInFashion #FashionTech #TrendForecasting #EcommerceInnovation #RetailRevolution #SustainableDesign
ELSE.Corp's insight:
Artificial Intelligence (AI) in the fashion industry enhances operations, boosts ecommerce, and reshapes retail experiences. It powers trend forecasting, design development, and personalized customer interactions, offering recommendations and virtual try-ons. AI aids in efficient inventory management and dynamic pricing strategies, facilitating a seamless omnichannel shopping journey. It plays a crucial role in marketing, from tailoring retargeting campaigns to automating content creation, signifying a pivotal shift towards data-driven, customer-centric approaches. #AIInFashion #FashionTech #TrendForecasting #EcommerceInnovation #RetailRevolution #SustainableDesign
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The European Union takes a significant step toward sustainability by revising the Waste Framework Directive to introduce Extended Producer Responsibility (EPR) schemes. This initiative mandates manufacturers of textiles, clothing, and footwear to bear the costs of waste management, from collection to recycling, and encourages the creation of more sustainable products from the start. The amendment, supported by a substantial majority in the European Parliament, aims to implement these schemes within 18 months, covering a wide range of textile products and even sales via online platforms. This move represents a critical effort to mitigate the environmental impact of fast fashion and promote responsible consumption and production practices across the EU. #SustainableFashion #EUGreenDeal #WasteReduction #CircularEconomy #FashionInnovation #EcoFriendlyFashion
ELSE.Corp's insight:
The European Union takes a significant step toward sustainability by revising the Waste Framework Directive to introduce Extended Producer Responsibility (EPR) schemes. This initiative mandates manufacturers of textiles, clothing, and footwear to bear the costs of waste management, from collection to recycling, and encourages the creation of more sustainable products from the start. The amendment, supported by a substantial majority in the European Parliament, aims to implement these schemes within 18 months, covering a wide range of textile products and even sales via online platforms. This move represents a critical effort to mitigate the environmental impact of fast fashion and promote responsible consumption and production practices across the EU. #SustainableFashion #EUGreenDeal #WasteReduction #CircularEconomy #FashionInnovation #EcoFriendlyFashion
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The balance between in-store and online luxury shopping is nearly equal in Europe, with digital and in-person experiences both playing crucial roles. The rise of online luxury shopping, fueled by innovative digital experiences and platforms like Amazon's Luxury Stores, reflects a rapidly growing market. Live streaming and digital showcases offer new ways to engage, particularly with Gen Z, who prefer authentic, interactive content. The evolving landscape underlines the importance of creating meaningful connections through culture and technology, offering insights into luxury consumers' shifting preferences. #LuxuryShopping #DigitalInnovation #ConsumerTrends #OnlineRetail #FashionTech #LuxuryMarket Insights
ELSE.Corp's insight:
The balance between in-store and online luxury shopping is nearly equal in Europe, with digital and in-person experiences both playing crucial roles. The rise of online luxury shopping, fueled by innovative digital experiences and platforms like Amazon's Luxury Stores, reflects a rapidly growing market. Live streaming and digital showcases offer new ways to engage, particularly with Gen Z, who prefer authentic, interactive content. The evolving landscape underlines the importance of creating meaningful connections through culture and technology, offering insights into luxury consumers' shifting preferences. #LuxuryShopping #DigitalInnovation #ConsumerTrends #OnlineRetail #FashionTech #LuxuryMarket Insights
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From
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In 2024, AI becomes a strategic focus for fashion executives, aiming to revolutionize design, product development, and even model representation with digital twins and AI influencers. Concerns about AI displacing jobs are countered by its potential to enhance productivity. The industry faces a pivotal moment, with significant investments in AI startups indicating a shift towards digital innovation, despite job security fears. The global fashion workforce must navigate the challenges and opportunities presented by AI integration. #FashionTech #AIInFashion #DigitalInnovation #FutureOfWork #SustainableFashion
ELSE.Corp's insight:
In 2024, AI becomes a strategic focus for fashion executives, aiming to revolutionize design, product development, and even model representation with digital twins and AI influencers. Concerns about AI displacing jobs are countered by its potential to enhance productivity. The industry faces a pivotal moment, with significant investments in AI startups indicating a shift towards digital innovation, despite job security fears. The global fashion workforce must navigate the challenges and opportunities presented by AI integration. #FashionTech #AIInFashion #DigitalInnovation #FutureOfWork #SustainableFashion
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From
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Marvelous Designer 2024.0 revolutionizes digital fashion design with soft body simulation for realistic clothing drape, streamlined character integration, and a live link to Unreal Engine for real-time updates. New features also include automatic garment fitting, texture baking, and enhanced workflow tools for seamless design to animation transition. Available for rent on Windows and macOS, catering to both individual and enterprise users. #DigitalFashion #MarvelousDesigner2024 #3DArt #FashionDesign #UnrealEngineIntegration #TechInnovation
ELSE.Corp's insight:
Marvelous Designer 2024.0 revolutionizes digital fashion design with soft body simulation for realistic clothing drape, streamlined character integration, and a live link to Unreal Engine for real-time updates. New features also include automatic garment fitting, texture baking, and enhanced workflow tools for seamless design to animation transition. Available for rent on Windows and macOS, catering to both individual and enterprise users. #DigitalFashion #MarvelousDesigner2024 #3DArt #FashionDesign #UnrealEngineIntegration #TechInnovation
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Despite rapid uptake of DPC-ecosystem tools, fashion is still lagging behind other industries in all-round digital transformation.
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The latest World Footwear Business Conditions Survey indicates a widespread expectation of rising footwear retail prices, with nearly half of the experts predicting increases between 5% and over 20% in the next six months. This outlook is shaped by the recent experience of high inflation, although it's on a decline. The anticipation of price hikes is uniform across various business sectors and organizational sizes, with regions like Africa and South America expecting higher inflation rates. #FootwearTrends2024 #PriceHikeAlert #GlobalInflationImpact #RetailInsights #MarketForecast
ELSE.Corp's insight:
The latest World Footwear Business Conditions Survey indicates a widespread expectation of rising footwear retail prices, with nearly half of the experts predicting increases between 5% and over 20% in the next six months. This outlook is shaped by the recent experience of high inflation, although it's on a decline. The anticipation of price hikes is uniform across various business sectors and organizational sizes, with regions like Africa and South America expecting higher inflation rates. #FootwearTrends2024 #PriceHikeAlert #GlobalInflationImpact #RetailInsights #MarketForecast
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A recent MIT study reveals that AI automation in jobs, especially with AI vision systems, is economically viable for only about 23% of tasks, suggesting a gradual integration rather than rapid displacement. This approach considers technical, performance, and economic factors for AI deployment. The study also hints at a future shift with AI as a service, potentially democratizing AI technology access. While some jobs may disappear, new roles in AI management and development could emerge, potentially leading to economic growth and improved living standards. #AIIntegration #FutureOfWork #MITResearch #AIasService #EconomicGrowth
ELSE.Corp's insight:
A recent MIT study reveals that AI automation in jobs, especially with AI vision systems, is economically viable for only about 23% of tasks, suggesting a gradual integration rather than rapid displacement. This approach considers technical, performance, and economic factors for AI deployment. The study also hints at a future shift with AI as a service, potentially democratizing AI technology access. While some jobs may disappear, new roles in AI management and development could emerge, potentially leading to economic growth and improved living standards. #AIIntegration #FutureOfWork #MITResearch #AIasService #EconomicGrowth
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Unlocking AI's potential through a child's eyes, researchers have trained an AI to grasp language fundamentals by analyzing 61 hours of video from a baby's perspective. This groundbreaking study underscores the power of experiential learning, showcasing how even limited, firsthand visual data can significantly enhance AI's word-object association skills, akin to early human language development. This pioneering work paves the way for AI models that learn more naturally and efficiently, potentially revolutionizing AI's learning process. #AIRevolution #LearningThroughEyesOfAChild #TechInnovation #FutureOfAILearning #GroundbreakingResearch
ELSE.Corp's insight:
Unlocking AI's potential through a child's eyes, researchers have trained an AI to grasp language fundamentals by analyzing 61 hours of video from a baby's perspective. This groundbreaking study underscores the power of experiential learning, showcasing how even limited, firsthand visual data can significantly enhance AI's word-object association skills, akin to early human language development. This pioneering work paves the way for AI models that learn more naturally and efficiently, potentially revolutionizing AI's learning process. #AIRevolution #LearningThroughEyesOfAChild #TechInnovation #FutureOfAILearning #GroundbreakingResearch
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Digital prototyping is revolutionizing the footwear industry, offering rapid response and high personalization while addressing environmental and economic sustainability. This innovative approach leverages various software and high computational power to create digital prototypes that are realistic, interactive, and informative. These prototypes are easily iterative, supporting the entire development stage and incorporating necessary adjustments quickly, thereby shortening development time and enabling faster customer responses. The focus of the paper is on the role of digital prototyping in product development, contrasting it with physical prototyping. It discusses the advantages and limitations of digital prototyping and presents various digital tools and software commonly used in the footwear industry for this purpose. #DigitalPrototyping #FootwearInnovation #SustainableDesign #TechInFashion #FutureOfFootwearIndustry
ELSE.Corp's insight:
Digital prototyping is revolutionizing the footwear industry, offering rapid response and high personalization while addressing environmental and economic sustainability. This innovative approach leverages various software and high computational power to create digital prototypes that are realistic, interactive, and informative. These prototypes are easily iterative, supporting the entire development stage and incorporating necessary adjustments quickly, thereby shortening development time and enabling faster customer responses. The focus of the paper is on the role of digital prototyping in product development, contrasting it with physical prototyping. It discusses the advantages and limitations of digital prototyping and presents various digital tools and software commonly used in the footwear industry for this purpose. #DigitalPrototyping #FootwearInnovation #SustainableDesign #TechInFashion #FutureOfFootwearIndustry
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