12 October 2022, Mumbai:
In the last decade or so, technology has transformed many businesses. Business paradigms are in for a transformation on the back of the internet playing a vital role. At the peak of COVID-19 in 2020, we have clearly witnessed in the emerging landscape businesses becoming increasingly virtual all thanks to IoT, AR, and VR imaginative ideas serving as pivotal tools/aids in the contemporary business environment.
Given the context of Industry 3.0 or so to say a computer-driven industry, the semblance is that the contemporary textile industry will be viewed as covering up the gap lines between the evolution of a human-driven sector and that of an artificial one. Considering the emergence of cloud computing, loads of data are effectively is been stored and rationally analyzed on day to day basis.
This emergence of IoT, AR, and VR influencing the trade landscape is real now, and the textile industry is no different. On the back of all these tried & tested technologies, the textile industry is rapidly migrating from Industry 3.0 to Industry 4.0.
Boundless Opportunities
Utilizing what IoTs of the world has in store for the textile/apparel sector & current developments in the area of CADs and virtual digital sampling/3D avatars technologies, which simulate/create samples that get as close to resembling the authentic/original products, bringing in efficiencies on the table such as reducing fabric waste, system flexibility and more critically faster turnarounds for the smart factories of the world.
Therefore, it is no more an exaggeration that the system of the day enables curating & creating a virtual/e-product that makes it a broad-day reality just in a few clicks. The emerging need of the day is thrust on creating products tailored to the customer's needs/bespoke/customized which are quite possible on the available technologies platform using plentiful cloud data, enables processing massive data easier, client internet searches, new designs' quick and straightforward access/availability tools.
What it takes
One would reckon here how deeply 3D printing and 4D printing potentially can influence the production & processes of end products. No brainer the entire value chain including sales of textile articles can gain remarkably from the application/usage of the Internet of Things (IoT) all this is possible now given its inherent advantage in the entire textile journey. Several Businesses have already gone down this path beginning projects along that path which is no more been contested.
Data Science
Data is the new oil. Comprehensive data management leads to a nuanced and informed understanding of the textile markets and evolving consumer preferences.
After all, today it is all about an efficient and fast real-time decision-making process that is evidently feasible with a deeper grasp of the market scenario and the client's needs & requirements.
We are living today in a digital era and there is a critical need for scientifical underpinning whenever there is an effort to launch a new product or to chart out a growth trajectory, as new-age cutting-edge technologies support precisely forecast consumer response in real-time.
