According to figures by Fashion United, the fashion industry is worth around £1.65tn globally. Creativity is often upheld as a niche human quality, however, the rise in the use of artificial intelligence (AI), risks eliminating a number of creative and fashion jobs. A paper prepared by PwC for the Department for Business, Energy and Industrial Strategy, predicts that technology threatens devastating job losses over the next 20 years in wholesale and retail; transport and logistics; and manufacturing. The report suggests that as many as 30% of UK jobs could disappear within this period. A high-level exploration of how AI is and could affect the fashion sector moving forward.
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How can AI influence the fashion industry? Rafaella de Freitas explores how AI is expected to streamline supply chains, improve sales forecasting and provide a more personalised shopping experience to customers.
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