Technology news and archive

Smart eyewear gets a 3D makeover

Vuzix, a prominent Smart Glasses and Augmented Reality (AR) technology supplier, has joined forces with Materialise, a pioneer in 3D printing, to expedite the design and production of smart eyewear using 3D printing technology. The collaboration aims to accelerate the development of innovative enterprise applications and enable third-party...

Fashion |Technology Featured

Fashion brands must catch up to AI, not halt progress

AI is having a moment. International governments are stumped by its progress and have been slow to leverage the possibility of automation and technology whilst at the same time creating laws to protect privacy and cyber security. With countries like Italy calling for a suspension of ChatGPT and tech leaders including Elon Musk signing an open...

Fashion |Technology

Deloitte helps brands deliver metaverse experiences

Global audit and advisory firm Deloitte has launched an immersive experience platform in partnership with technology provider Vatom. The two companies have created a tangible experience to enable brands (and other businesses) to build virtual spaces for their customers, partners and employees. In essence, they have made the Metaverse accessible....

Business

In Big Tech earnings week, Facebook gets a boost

Investors in Meta saw their stock boosted by 25 percent, as the social media giant posted higher than expected earnings in the fourth quarter of 2022. The parent company to Facebook, Instagram and Whatsapp, said it focused on productivity, streamlining and efficiency, adding nearly 80 billion dollars to its market value. But the operational...

Fashion

A new fashion collection shields wearer from AI facial recognition

A new brand embracing technology, textiles and fashion has developed a collection that will bypass AI and facial recognition. The print-heavy pieces confuses artificial intelligence cameras and stops them from recognising the wearer. Developed by Italian startup Capable, the brand said its mission is to offer a high-tech product that opens...

Business

Fashion supply chain finance platform, Twinco Capital, raises 12 million dollars to expand

Twinco Capital, a global supply chain finance solution that covers the production cycle from purchase order to final invoice payment, has secured a 12 million dollar equity and debt round. The Amsterdam and Madrid-based fintech business, which was founded 2019 by bankers Sandra Nolasco and Carmen Marín, said it is on a mission to reduce the...

Business |Technology Featured

Widespread adoption of Meta's metaverse is yet to take off

It has been well over a year since Facebook became Meta. The social media giant announced the name change amid a flurry of corporate crises and scandals, but mainly to represent itself as a broad spectrum of technology applications rather than ‘just’ a social media platform. Meta promised to be a pioneer in the metaverse realm, where the near...

BusinessFeatured

Shopify sees growth opportunities in larger retailers

Shopify, the e-commerce platform that allowed millions of small businesses to sell on the web without so much as requiring basic coding or html skills, is channeling its next stage of growth by targeting a bigger fish. On Tuesday Shopify launches its latest brand offering: Commerce Components by Shopify, a composable stack for enterprise retail....

Fashion |Technology Featured

Snap and Amazon Fashion create new AR Shopping Experience

Snap and Amazon Fashion have partnered to bring new Virtual Try-On (VTO) experiences to Snapchat users. The social media and retail giants are hoping their combined services will attract some of the 1.4 billion people forecast to use augmented reality on their smartphones in 2023. Mobile shopping is a fast growing channel, with Amazon Fashion...

Fashion

Fashion tech: Consumers can now virtually try-on 3D necklaces

Online shopping for jewellery, specifically necklaces, has just been made easier with a new virtual try-on solution launched by Perfect Corp. Jewellery, like fashion, is size and fit sensitive, and digital innovation in the sector allows retailers and jewellery brands to boost online customer shopping experiences. In a statement Perfect Corp....

BusinessFeatured

LVMH accelerates data contribution to its businesses to drive development

Data analytics has long been powering the fashion industry, from entire algorithms to predict sales, like at fast fashion giant Shein, to augmenting customer experience with personalised offers. Luxury group LVMH has been expanding its use of data for over three years, partnering with Kaggle Days, an international competition for data...

RetailFeatured

Digital dissatisfaction: online retail experiences should be improved with new tools

A growing dissatisfaction amongst consumer digital retail experiences shows a lack of innovation in the sector. New research from PYMNTS, a retail, fintech and financial services news platform, showed 150 brands were dissatisfied with existing tech innovations. In a study titled “Big Retail’s Innovation Mandate: Convenience and Personalization,”...