Return on fashion AI projects are more critical now than ever.
A recent study by Thomas H. Davenport (president’s distinguished professor of information technology and management at Babson College, a visiting professor at Oxford’s Saïd business school, and a fellow of the MIT Initiative on the digital economy) suggests a six-pronged approach to generate value.
The value you are generating out of an AI project depends on the “what” and the “how”. We see consistency of this framework and Stylumia’s experience in implementing AI projects with brands and retailers globally.
An earlier article on “radical analytics adoption framework” captures some this essence. A good number of companies fail to realise the benefits from their AI initiatives due to the adoption framework.
Detailed research by MIT/BCG sheds some insights.
The pioneers are the ones who smartly combine strategy, organisational behavior and technology.
In this edit we provide a simple framework to give your projects a high probability of getting it right the first time and share the six levers to achieve return on Fashion AI projects investment.
Read further here.