Wednesday, April 19, 2017

Big Data and Fashion..What its all about

2. Status and Future of Big Data in an industry


Designers, retailers, companies, creators, drawers, merchandisers all rely on big data to create and market their clothing properly. Collecting customer data and analyzing it, is crucial in the fashion industry. With modern business analytics tools, designers can capture data sets that give them insight into the market penetration rate of a specific trend, the longevity of the trend and the variability of the prices and styles within that trend. As big data figures more prominently into fashion, designers and retailers can more accurately predict and adapt to changing market patterns. Every customer has their own taste in clothing so finding the right clothing for the right market can be a tough challenge. Peoples tastes strongly vary in accordance to what type of clothing they prefer over others and big data helps break down these walls. “Big data derived from places like the Hadoop BI provide more than enough information for designers to create lines of products that will sell. Fashion designers who use big data will come to startling conclusions about their designs”.
 While fashion companies need to understand trends at large, a fashion house will need to meet colors favored by their customers at large. Big data can tell you various factors in relationship to fashion such as a range of colors that were purchased, and from there you can decipher which colors were most popular. This way a fashion designer can guide production properly without losing track of what customers want to see. Data modeling tools can chart customer preferences for color choices based on geographical location, seasonal purchasing, and other localized metrics that can help retailers customize their offerings for various markets. Jackets with dark blue and electric green colors will sell more effectively in the Pacific Northwest, due to the proximity of the Seattle Seahawks, versus markets in Arizona or New Mexico, for example.
Designers also use big data in order to find out if their products are mainly for men or women and who will buy more.  

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