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254 How Stylumnia is augmenting human intelligence in fashion and lifestyle retail for a better world
Manage episode 330949221 series 1607698
Content provided by Expert Dojo. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Expert Dojo or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
At Stylumia we believe in augmenting human intelligence in fashion and lifestyle retail for a better world.
With relevant data and the right technology, people and businesses in fashion and lifestyle retail can solve hard problems and change the world for the better.
In 2015-16, when we looked at the available technology and solutions, we saw fashion forecasting and demand planning are either subjective in nature, or traditional consumer research based going with what consumers say, or data platforms which throw supply driven signals. We saw these methods do not solve the fundamental challenge in fashion trend spotting, prediction and the business metrics of full price sell through continue to remain around the 50% mark creating over USD 750 billion/annum of wastage globally. The biggest wastage in the fashion industry is the one caused by ill-informed decision making.
We saw a need for a different kind of technology and approach and we knew it would need a different kind of company to build it. That is why we formed Stylumia.
Stylumia is one of the fastest-growing fashion tech start-ups with Fortune 100 clients to mid-sized ones, solving a fundamental challenge of the business, predicting future demand for an unseen product. The global fashion industry is around 3 Trillion USD, half of which is not what the consumer wants. This huge supply-demand gap poses a huge sustainability threat to the planet. United Nations and Fashion for Good are rallying for us. Using AI, Machine Learning, Computer Vision, Stylumia has a proven methodology to improve the prediction accuracy of fashion brands and retailers across 7 countries. We strongly believe in eliminating waste before it happens.
Stylumia has many awards and recognitions. Select few are,
Aegis Graham Bell Award for AI Innovation in Retail Winner 2021
Amazon AI Conclave Award Retail - Winner 2019
Nasscom Emerge 50 2019
Yourstory TECH30
Entrepreuners Worldcup 2020 - World Top 100, India Winner
Accenture Global Innovation Challenge Finalist 2018
Top 25 AI Companies In APAC - CIO Advisor 2017
If you have the next big idea, apply to the Expert Dojo Accelerator:
110 episodes
Share
Manage episode 330949221 series 1607698
Content provided by Expert Dojo. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Expert Dojo or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
At Stylumia we believe in augmenting human intelligence in fashion and lifestyle retail for a better world.
With relevant data and the right technology, people and businesses in fashion and lifestyle retail can solve hard problems and change the world for the better.
In 2015-16, when we looked at the available technology and solutions, we saw fashion forecasting and demand planning are either subjective in nature, or traditional consumer research based going with what consumers say, or data platforms which throw supply driven signals. We saw these methods do not solve the fundamental challenge in fashion trend spotting, prediction and the business metrics of full price sell through continue to remain around the 50% mark creating over USD 750 billion/annum of wastage globally. The biggest wastage in the fashion industry is the one caused by ill-informed decision making.
We saw a need for a different kind of technology and approach and we knew it would need a different kind of company to build it. That is why we formed Stylumia.
Stylumia is one of the fastest-growing fashion tech start-ups with Fortune 100 clients to mid-sized ones, solving a fundamental challenge of the business, predicting future demand for an unseen product. The global fashion industry is around 3 Trillion USD, half of which is not what the consumer wants. This huge supply-demand gap poses a huge sustainability threat to the planet. United Nations and Fashion for Good are rallying for us. Using AI, Machine Learning, Computer Vision, Stylumia has a proven methodology to improve the prediction accuracy of fashion brands and retailers across 7 countries. We strongly believe in eliminating waste before it happens.
Stylumia has many awards and recognitions. Select few are,
Aegis Graham Bell Award for AI Innovation in Retail Winner 2021
Amazon AI Conclave Award Retail - Winner 2019
Nasscom Emerge 50 2019
Yourstory TECH30
Entrepreuners Worldcup 2020 - World Top 100, India Winner
Accenture Global Innovation Challenge Finalist 2018
Top 25 AI Companies In APAC - CIO Advisor 2017
If you have the next big idea, apply to the Expert Dojo Accelerator:
110 episodes
All episodes
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Similar to Expert Dojo "The Art of Startup War"
The official podcast of Rampver Financials. Delivering the best talks, advice, and recommendations about personal finance, investing, entrepreneurship, and success. Subscribe and never miss an episode!
…
continue reading
Bitcoin pioneer Charlie Shrem peels back the layers on the lives and backgrounds of the world's most impactful innovators. Centering around intimate narratives, Shrem uncovers a detailed, previously unspoken story of the genesis and evolution of bitcoin, cryptocurrency, artificial intelligence, and the web3 movements. Join Shrem as he journeys through the uncharted territories of tech revolutions, revealing the human side of the stories that shaped the digital world we live in today.
…
continue reading
The show that helps you maximize your wealth by turning complex financial situations into actionable advice. On Your Money. Your Mission., we answer the questions you’ve been asking about -- financial planning, investing, retirement and everything in between. Whether you’re navigating the complexities of the market or looking for the best ways to save or spend your money, tune in to hear from experienced financial advisors with JFG. Walk away from each episode with savvy tips and financial t ...
…
continue reading
An archive of each full weekday episode of the award-winning program presented by Stephen Grootes.
…
continue reading
Best friends Joel and Matt are the co-hosts of How to Money which is all about providing the knowledge & tools that normal folks need to thrive in areas like debt payoff, DIY investing, and crucial money tricks that will provide continuous help along your journey. We believe that access to unbiased and jargon-free personal finance guidance is more necessary than ever before. When you handle your money in a purposeful, thoughtful way that works for your lifestyle, you can really start living ...
…
continue reading
Alessandro Bogliari, CEO and Co-Founder of The Influencer Marketing Factory, a global influencer marketing agency, talks with great guests about influencer marketing, social media, the creator economy, social commerce and much more.
…
continue reading
Each weekday, Marketplace’s Kimberly Adams makes today make sense along with her Marketplace colleagues, breaking down happenings in tech, the economy, and culture. Because none of us is as smart as all of us.
…
continue reading
In each episode of "Exchanges," people from the firm share their insights on developments shaping industries, markets and the global economy.
…
continue reading
Stephan Piscano founder of The Real Estate Networking Group the largest real estate group online interviews experts in real estate, finance, sports, motivation and more as we use common sense concepts to give investors insights on financial markets and have a lot of fun talking sports, politics and business motivation as well!
…
continue reading
How can business help solve society’s biggest challenges? Welcome to Take on Tomorrow, the award-winning podcast from PwC that examines the biggest problems facing society and the role business can—and should—play in solving them. Hosts Femi Oke and Lizzie O’Leary talk to industry innovators, tech trailblazers and visionary leaders from around the globe about timely topics: from the climate transition to AI and data; and from the future of food to how we build, move and power the world.
…
continue reading
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