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Dubai aims to produce artificial limbs at $109

Dubai aims to produce artificial limbs at $109 | ELSE Corp & ICOL Group | Scoop.it
DUBAI, 1 hours, 41 minutes agoDubai Health Authority (DHA) has begun creating a 3D printing strategy for medical services where Dubai will take the initiative to produce artificial limbs for less than Dh400 ($109) using 3D printing by 2025.The Dubai 3D Printing Strategy, launched by HH Shaikh
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Navigating the New Luxury Landscape: From In-Store to Online

Navigating the New Luxury Landscape: From In-Store to Online | ELSE Corp & ICOL Group | Scoop.it

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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Revolutionizing Fashion: AI's Transformative Role in 2024

Revolutionizing Fashion: AI's Transformative Role in 2024 | ELSE Corp & ICOL Group | Scoop.it

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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Revolutionizing Digital Fashion: The New Era of Marvelous Designers

Revolutionizing Digital Fashion: The New Era of Marvelous Designers | ELSE Corp & ICOL Group | Scoop.it

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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The 3D Revolution in Fashion: Embracing Digital Creation for a Sustainable Future

The 3D Revolution in Fashion: Embracing Digital Creation for a Sustainable Future | ELSE Corp & ICOL Group | Scoop.it
Despite rapid uptake of DPC-ecosystem tools, fashion is still lagging behind other industries in all-round digital transformation.
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Brace for Impact: Footwear Prices Set to Climb Worldwide

Brace for Impact: Footwear Prices Set to Climb Worldwide | ELSE Corp & ICOL Group | Scoop.it

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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Redefining the Future Workforce: The Gradual Rise of AI in Job

Redefining the Future Workforce: The Gradual Rise of AI in Job | ELSE Corp & ICOL Group | Scoop.it

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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Revolutionizing AI Learning: A Leap Forward with Baby's-Eye View

Revolutionizing AI Learning: A Leap Forward with Baby's-Eye View | ELSE Corp & ICOL Group | Scoop.it

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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Revolutionizing Footwear Design: The Emergence of Digital Prototyping

Revolutionizing Footwear Design: The Emergence of Digital Prototyping | ELSE Corp & ICOL Group | Scoop.it

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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The Dawn of AI in Education: A New Era of Personalized Learning

The Dawn of AI in Education: A New Era of Personalized Learning | ELSE Corp & ICOL Group | Scoop.it

Sal Khan of Khan Academy predicts AI chatbots will revolutionize education, offering personalized tutoring globally. Supported by tech leaders like Google's Sundar Pichai, this vision is already taking shape in platforms like Khan Academy and Duolingo using GPT-4 chatbots. However, concerns arise about AI's accuracy, biases, and lack of proven effectiveness. Critics also warn against neglecting human-centric educational methods and issues around privacy and commercial exploitation of AI. Historical parallels are drawn to the 1960s' teaching machines, highlighting the cyclical nature of educational technology trends. Despite skepticism, advancements continue, with new startups exploring AI's potential in education and Khan Academy piloting its AI tutor, Khanmigo. #AIEducationRevolution #PersonalizedLearning #KhanAcademyAI #ChatbotTutors #EdTechInnovation #FutureOfEducation #AIinSchools #TechInTeaching #LearningTransformation #DigitalEducation

ELSE.Corp's insight:
Sal Khan of Khan Academy predicts AI chatbots will revolutionize education, offering personalized tutoring globally. Supported by tech leaders like Google's Sundar Pichai, this vision is already taking shape in platforms like Khan Academy and Duolingo using GPT-4 chatbots. However, concerns arise about AI's accuracy, biases, and lack of proven effectiveness. Critics also warn against neglecting human-centric educational methods and issues around privacy and commercial exploitation of AI. Historical parallels are drawn to the 1960s' teaching machines, highlighting the cyclical nature of educational technology trends. Despite skepticism, advancements continue, with new startups exploring AI's potential in education and Khan Academy piloting its AI tutor, Khanmigo. #AIEducationRevolution #PersonalizedLearning #KhanAcademyAI #ChatbotTutors #EdTechInnovation #FutureOfEducation #AIinSchools #TechInTeaching #LearningTransformation #DigitalEducation
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China Advances AI Copyright: A Landmark Ruling for Creators

China Advances AI Copyright: A Landmark Ruling for Creators | ELSE Corp & ICOL Group | Scoop.it

In a pivotal decision, the Beijing Internet Court granted copyright to an AI-generated image, marking a significant legal milestone in China. The ruling, from November last year, came from a dispute over an image created with Stable Diffusion software by a user named Li. The court sided with Li against a blogger who used the image without consent. The judgment emphasized the creator's role in AI-generated content, considering the human input in the creation process as integral to the artwork's originality. This sets a precedent in the burgeoning field of generative AI, recognizing the copyright of such works based on the human creator's aesthetic choices and judgment. This decision is crucial for China's growing generative AI sector, projected to contribute significantly to the economy, with an estimated value of 30 trillion yuan by 2035. #AICopyrightLaw #GenerativeAI #ChinaTechTrends #DigitalArtRights #InnovationInAI #LegalPrecedentAI

ELSE.Corp's insight:
In a pivotal decision, the Beijing Internet Court granted copyright to an AI-generated image, marking a significant legal milestone in China. The ruling, from November last year, came from a dispute over an image created with Stable Diffusion software by a user named Li. The court sided with Li against a blogger who used the image without consent. The judgment emphasized the creator's role in AI-generated content, considering the human input in the creation process as integral to the artwork's originality. This sets a precedent in the burgeoning field of generative AI, recognizing the copyright of such works based on the human creator's aesthetic choices and judgment. This decision is crucial for China's growing generative AI sector, projected to contribute significantly to the economy, with an estimated value of 30 trillion yuan by 2035. #AICopyrightLaw #GenerativeAI #ChinaTechTrends #DigitalArtRights #InnovationInAI #LegalPrecedentAI
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Empowering the Workforce: Navigating the AI Chatbot Revolution

Empowering the Workforce: Navigating the AI Chatbot Revolution | ELSE Corp & ICOL Group | Scoop.it

AI and AI-powered chatbots are increasingly crucial in providing competitive advantages for businesses. A notable Intercom survey revealed that chatbots have boosted sales in 67% of businesses and saved an average of $300,000 yearly. To effectively utilize this technology, training employees on AI usage is vital. AI training for employees involves equipping teams with the necessary skills and knowledge to use AI chatbots. This integration of AI in workplaces necessitates an evolution in employees' roles, shifting towards handling complex, sensitive issues that require empathy, overseeing AI chatbot interactions for quality assurance, and using AI data for strategic decision-making. Collaborative roles between humans and AI are also emerging, blending AI's efficiency with human creativity and adaptability. Implementing AI chatbots is not risk-free. Incorrect deployment or lack of proper oversight can damage credibility, brand reputation, and customer relationships. Successful AI chatbot deployment involves strategic planning, communication, robust employee training, and continuous development for adapting to new responsibilities. #AIRevolution #ChatbotTransformation #EmployeeEmpowerment #DigitalWorkforce #AITraining #InnovativeBusiness #FutureOfWork #WorkplaceEvolution

ELSE.Corp's insight:
AI and AI-powered chatbots are increasingly crucial in providing competitive advantages for businesses. A notable Intercom survey revealed that chatbots have boosted sales in 67% of businesses and saved an average of $300,000 yearly. To effectively utilize this technology, training employees on AI usage is vital. AI training for employees involves equipping teams with the necessary skills and knowledge to use AI chatbots. This integration of AI in workplaces necessitates an evolution in employees' roles, shifting towards handling complex, sensitive issues that require empathy, overseeing AI chatbot interactions for quality assurance, and using AI data for strategic decision-making. Collaborative roles between humans and AI are also emerging, blending AI's efficiency with human creativity and adaptability. Implementing AI chatbots is not risk-free. Incorrect deployment or lack of proper oversight can damage credibility, brand reputation, and customer relationships. Successful AI chatbot deployment involves strategic planning, communication, robust employee training, and continuous development for adapting to new responsibilities. #AIRevolution #ChatbotTransformation #EmployeeEmpowerment #DigitalWorkforce #AITraining #InnovativeBusiness #FutureOfWork #WorkplaceEvolution
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Revolutionizing Robotics: DeepMind's Breakthroughs in Autonomous Robot Training

Revolutionizing Robotics: DeepMind's Breakthroughs in Autonomous Robot Training | ELSE Corp & ICOL Group | Scoop.it

DeepMind's latest advancements in autonomous robot training focus on three key technologies. AutoRT, the primary system, blends large language models and visual language models with tailored algorithms, thereby enhancing robotic learning scalability. The SARA-RT technology specifically tunes Transformer models for improved task performance in robotics. Additionally, RT-Trajectory is introduced to advance robot motion understanding in training videos by including visual contour recognition. These developments collectively aim to create robots that are more adaptable, efficient, and safe for a wider array of tasks. #DeepMindRobotics #AutonomousRobots #AIAdvancements #RoboticTraining #TechInnovation #FutureOfRobotics #DeepMindTech #AIResearch #RoboticsEvolution #SmartRobotics

ELSE.Corp's insight:
DeepMind's latest advancements in autonomous robot training focus on three key technologies. AutoRT, the primary system, blends large language models and visual language models with tailored algorithms, thereby enhancing robotic learning scalability. The SARA-RT technology specifically tunes Transformer models for improved task performance in robotics. Additionally, RT-Trajectory is introduced to advance robot motion understanding in training videos by including visual contour recognition. These developments collectively aim to create robots that are more adaptable, efficient, and safe for a wider array of tasks. #DeepMindRobotics #AutonomousRobots #AIAdvancements #RoboticTraining #TechInnovation #FutureOfRobotics #DeepMindTech #AIResearch #RoboticsEvolution #SmartRobotics
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Fashion Forward: AI Skills Becoming a Must in the Apparel Industry

Fashion Forward: AI Skills Becoming a Must in the Apparel Industry | ELSE Corp & ICOL Group | Scoop.it

The fashion industry is increasingly integrating Artificial Intelligence (AI) in various roles, with 4.44% of job openings requiring AI experience, the highest in the UK. This trend is driven by the sector's competitive and fast-paced nature, emphasizing the importance of AI in design, production, and trend prediction to reduce waste. AI's potential extends to the retail sector too, enhancing sales, customer experience, and forecasting abilities. The shift towards AI highlights its growing significance in both technical and non-technical roles within the fashion industry. #FashionTech #AIinFashion #FutureOfWork #DigitalTransformation #FashionIndustryTrends #AIJobs #TechInApparel #InnovationInFashion #SkillUpskilling #TechSavvyFashion

ELSE.Corp's insight:
The fashion industry is increasingly integrating Artificial Intelligence (AI) in various roles, with 4.44% of job openings requiring AI experience, the highest in the UK. This trend is driven by the sector's competitive and fast-paced nature, emphasizing the importance of AI in design, production, and trend prediction to reduce waste. AI's potential extends to the retail sector too, enhancing sales, customer experience, and forecasting abilities. The shift towards AI highlights its growing significance in both technical and non-technical roles within the fashion industry. #FashionTech #AIinFashion #FutureOfWork #DigitalTransformation #FashionIndustryTrends #AIJobs #TechInApparel #InnovationInFashion #SkillUpskilling #TechSavvyFashion
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Revolutionizing Vision: The Rise of AI-Powered Glasses

Revolutionizing Vision: The Rise of AI-Powered Glasses | ELSE Corp & ICOL Group | Scoop.it

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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Revolutionizing Fashion Retail: The Power of Omnichannel Integration (video)

Revolutionizing Fashion Retail: The Power of Omnichannel Integration (video) | ELSE Corp & ICOL Group | Scoop.it

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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Revolutionizing Fashion: How AI is Shaping the Future of Style

Revolutionizing Fashion: How AI is Shaping the Future of Style | ELSE Corp & ICOL Group | Scoop.it

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: Beyond Buzzwords to Unified Customer Journeys

Adaptive Retail: Beyond Buzzwords to Unified Customer Journeys | ELSE Corp & ICOL Group | Scoop.it
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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Unraveling Injustice: The Hidden Cost of Fashion's Severance Theft

Unraveling Injustice: The Hidden Cost of Fashion's Severance Theft | ELSE Corp & ICOL Group | Scoop.it

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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Revolutionizing Strategy with Honesty: The Shift from Planning to Therapy

Revolutionizing Strategy with Honesty: The Shift from Planning to Therapy | ELSE Corp & ICOL Group | Scoop.it

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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AI Revolution in Fast Fashion: A New Era of Design Selection

AI Revolution in Fast Fashion: A New Era of Design Selection | ELSE Corp & ICOL Group | Scoop.it
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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Revolutionizing Retail: 3D Virtual Stores Reshape Shopping Experiences

Revolutionizing Retail: 3D Virtual Stores Reshape Shopping Experiences | ELSE Corp & ICOL Group | Scoop.it

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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Revolutionizing E-Commerce: Google and Microsoft's New Generative AI Tools

Revolutionizing E-Commerce: Google and Microsoft's New Generative AI Tools | ELSE Corp & ICOL Group | Scoop.it

Google and Microsoft have unveiled advanced generative AI services aimed at elevating e-commerce. Google Cloud introduces a chatbot for personalized shopping experiences, streamlining customer interactions and product cataloging. This AI, set for rapid deployment on websites and apps, also promises to improve product searches with a new language model. Meanwhile, Microsoft enhances its retail media tool with Creative Studio, using generative AI to produce diverse ad formats from a single product URL. This aids smaller businesses in efficient ad creation, aligning with Microsoft's vision of accessible advertising technology for all. These developments represent a significant stride in e-commerce, offering more personalized, efficient, and accessible digital retail solutions. #GoogleAI #MicrosoftAI #ECommerceRevolution #AIinRetail #GenerativeAITools #RetailTech #DigitalTransformation #BusinessInnovation #AIforECommerce #TechNews

ELSE.Corp's insight:
Google and Microsoft have unveiled advanced generative AI services aimed at elevating e-commerce. Google Cloud introduces a chatbot for personalized shopping experiences, streamlining customer interactions and product cataloging. This AI, set for rapid deployment on websites and apps, also promises to improve product searches with a new language model. Meanwhile, Microsoft enhances its retail media tool with Creative Studio, using generative AI to produce diverse ad formats from a single product URL. This aids smaller businesses in efficient ad creation, aligning with Microsoft's vision of accessible advertising technology for all. These developments represent a significant stride in e-commerce, offering more personalized, efficient, and accessible digital retail solutions. #GoogleAI #MicrosoftAI #ECommerceRevolution #AIinRetail #GenerativeAITools #RetailTech #DigitalTransformation #BusinessInnovation #AIforECommerce #TechNews
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The Human Touch in Retail: AI Can't Replace Everything

The Human Touch in Retail: AI Can't Replace Everything | ELSE Corp & ICOL Group | Scoop.it

Despite AI's growing role in retail, the industry still faces a labor shortage that technology can't solve. Key points from the National Retail Federation's Big Show reveal AI's limitations in replacing the human element essential in retail. Levi Strauss Corporation highlights initiatives like their Red Tab Foundation, which provided $3 million in aid in 2023, to maintain employee morale and retention. The tech sector's recent layoffs offer a talent pool for retail, emphasizing the need for diverse skills. However, human intellect remains crucial for high-level thinking and strategizing, areas where AI falls short. #RetailInnovation #AITrends #HumanElementInRetail #LaborShortageSolutions #RetailStrategy #EmployeeRetention #TechLayoffsImpact #RetailFuture #AIvsHumanTouch #RetailIndustryInsights

ELSE.Corp's insight:
Despite AI's growing role in retail, the industry still faces a labor shortage that technology can't solve. Key points from the National Retail Federation's Big Show reveal AI's limitations in replacing the human element essential in retail. Levi Strauss Corporation highlights initiatives like their Red Tab Foundation, which provided $3 million in aid in 2023, to maintain employee morale and retention. The tech sector's recent layoffs offer a talent pool for retail, emphasizing the need for diverse skills. However, human intellect remains crucial for high-level thinking and strategizing, areas where AI falls short. #RetailInnovation #AITrends #HumanElementInRetail #LaborShortageSolutions #RetailStrategy #EmployeeRetention #TechLayoffsImpact #RetailFuture #AIvsHumanTouch #RetailIndustryInsights
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"Redefining Innovation: The Path to Creating New Markets

"Redefining Innovation: The Path to Creating New Markets | ELSE Corp & ICOL Group | Scoop.it

Creating new markets involves a unique set of approaches. Innovators in this space focus on identifying unmet needs, leveraging technology as a means to an end, and fostering inclusive innovation. They challenge conventional thinking, envisioning what could be, rather than what is. Success in non-disruptive market creation comes from offering substantial value and tapping into collective creativity. This strategy leads to sustainable growth and societal benefits, exemplified by innovations like Square and new industries such as e-sports and pet costumes. #InnovationLeadership #MarketCreation #NonDisruptiveGrowth #ValueInnovation #FutureOfBusinessStrategy

ELSE.Corp's insight:
Creating new markets involves a unique set of approaches. Innovators in this space focus on identifying unmet needs, leveraging technology as a means to an end, and fostering inclusive innovation. They challenge conventional thinking, envisioning what could be, rather than what is. Success in non-disruptive market creation comes from offering substantial value and tapping into collective creativity. This strategy leads to sustainable growth and societal benefits, exemplified by innovations like Square and new industries such as e-sports and pet costumes. #InnovationLeadership #MarketCreation #NonDisruptiveGrowth #ValueInnovation #FutureOfBusinessStrategy
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Revolutionizing Footwear: CIATEC's Path to Innovation and Sustainability

Revolutionizing Footwear: CIATEC's Path to Innovation and Sustainability | ELSE Corp & ICOL Group | Scoop.it

The interview with Ricardo Guerra, Director of CIATEC, highlights key aspects of the Mexican footwear industry and its challenges. Guerra discusses CIATEC's focus on aiding the shoe industry in design, creativity, and efficiency. He mentions the significant impact of the pandemic on production and the industry's shift towards digital and sustainable practices. Challenges include fashion innovation, workforce skills, and adapting to nearshoring demands. Guerra emphasizes the importance of the UITIC Congress for technical learning and views technology and innovation as crucial for sustainable development in the industry. #FootwearInnovation #SustainableFashion #MexicanFootwear #CIATEC #UITICCongress #FashionTechnology #ShoeIndustryTrends #DesignCreativity

ELSE.Corp's insight:
The interview with Ricardo Guerra, Director of CIATEC, highlights key aspects of the Mexican footwear industry and its challenges. Guerra discusses CIATEC's focus on aiding the shoe industry in design, creativity, and efficiency. He mentions the significant impact of the pandemic on production and the industry's shift towards digital and sustainable practices. Challenges include fashion innovation, workforce skills, and adapting to nearshoring demands. Guerra emphasizes the importance of the UITIC Congress for technical learning and views technology and innovation as crucial for sustainable development in the industry. #FootwearInnovation #SustainableFashion #MexicanFootwear #CIATEC #UITICCongress #FashionTechnology #ShoeIndustryTrends #DesignCreativity
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