Artificial Intelligence and its influence on trend analysis in the fashion industry

Artificial Intelligence and its influence on trend analysis in the fashion industry

14.05.2024 | Pasquale de Sapio

The fashion industry is known for its fast-paced and ever-changing nature. The ability to predict trends is the crucial factor in the success of brands. We are witnessing a significant change in how fashion trends are analyzed and predicted, because of the ongoing development of Artificial Intelligence. The fast-developing AI technologies offer innovative opportunities to improve the accuracy to forecast trends and respond more quickly to the ever-changing customer demands.

AI systems in the fashion industry use a variety of data sources to gain deep insights into current fashion trends and predict future developments. By analyzing social media, fashion blogs, online search queries and customer reviews, they identify popular topics and emerging trends. In addition, analyzing historical sales data enables them to recognize seasonal trends and recurring patterns.

In general, predictions improve over time as the algorithms learn and adapt from each analysis through machine learning. Companies that have a comprehensive database are more likely to make accurate predictions.

Some leading fashion companies are using the advanced capabilities of Artificial Intelligence to gain deeper insights into the buying behaviour and make more accurate trend predictions.

Swedish retailer H&M, for example, uses advanced algorithms to identify patterns in purchasing behaviour and fashion trends. These insights help the company to make more effective decisions about design and stock levels. Early conclusions show that the use of AI has improved accuracy in predicting bestsellers, leading to more efficient stock management and reduced overstocking.

The online personal styling service “Stitch Fix” uses AI to provide personalized clothing recommendations. The AI analyses both existing and potential future trends based on individual preferences and customer feedback. This has led to significantly higher customer satisfaction and loyalty as the recommendations are highly personalized and timely. Initial findings suggest that customers are less inclined to return items due to the higher relevance of the selected items.

“Zara” uses AI to analyze real-time data from its shops worldwide. This enables the company to react very quickly to changing fashion trends and adapts their production immediately. AI-supported analysis enables “Zara” to maintain its fast production speed while increasing the accuracy of trend adaptation.

Overall, these examples show how AI in the fashion industry not only helps to increase efficiency and reduce costs, but also to improve the customer experience through customized product offerings. The integration of AI into trend analysis is only just the beginning. It promises an exciting future for the dynamic and ever-changing world of fashion.

Pioneering work in analyzing consumer interactions with AI-based fashion influencers

Since the launch of our ambitious AI project ‘Aimee May’ in September 2023, we have been setting new approaches in the analysis of consumer behaviour in the context of AI-based influencer avatars. Our project aims to gain insights into users’ interactions and engagement with digital influencers.

As part of a new format, we are trying to predict future fashion trends based on AI algorithms. These videos are not only a showcase for upcoming fashion trends, but also a field of experimentation to analyse the effect of AI on trend forecasts.

The first video in our series, ‘Summer Runway’, marks the beginning of a fascinating journey into the future of trend forecasting. We intend to analyze the data gathered from interaction with our videos to gain in-depth insights into consumer behaviour and interaction with AI influencers.

Aimee May Fashion