Fashion Industry 4.0
The WhichPLM team has been following the ‘hype versus reality’ of Industry 4.0 – or the IoT (Internet of Things) – for the last few years. There’s been increasing noise coming from global technology giants – the likes of Cisco, Oracle, IBM, Microsoft, Intel, and Samsung and a host of other leading technology businesses – who have been making predictions around the IoT. Although many of these predictions have fallen short of their target delivery times, we still believe that the Fashion industry has arrived at a point in time where smart sensors, software apps, PLM & E-PLM software, and a multitude of hardware systems are now ready to interconnect, helping to generate the automation and collection of smart data required to digitally transform our businesses.
All industries around the globe, including Fashion, are waiting for Retail IoT to make real quantifiable impact that can be quickly translated into positive ROI (Return On Investment) for business, and equally a positive return for consumers.
Fashion 4.0, in the case of the fashion supply-chain, offers the chance to integrate the hundreds of processes and solutions that can be typically found in a retailer, brand, agent or manufacturer’s eco-system, and that will in the future collaborate, deployed at relatively low costs.