How will ap­parel in­dus­try of fu­ture look like?

Stitch World - - TECHNOLOGY 4.0 -

29 June 2007 was the date when Ap­ple iPhone was launched and in no time, it be­came a fash­ion and style state­ment for peo­ple to have a phone worth US $ 800 at that time and a huge down­side for the fash­ion in­dus­try as peo­ple were ready to cut down on their cloth­ing ex­penses to have that phone; it was a cat­a­clysmic event for the fash­ion busi­ness as Ap­ple took away money from peo­ple’s pock­ets into theirs.

“The same iconic phone has now reached to the poor­est of the coun­tries of Africa, show­ing us that it is not al­ways the com­pe­ti­tion from other man­u­fac­tur­ing hubs, but from other in­dus­tries as well,” said Gu­n­ish Jain, Man­ag­ing Direc­tor, Royal Data­mat­ics.

Gu­n­ish lists five tech­nol­ogy dis­rup­tors that he be­lieves will change the course of ap­parel man­u­fac­tur­ing (im­pact­ing pos­i­tively or neg­a­tively) over the pe­riod of time.

Free En­ergy:

The cost of so­lar power is de­creas­ing so rapidly, it’s now cheaper than coal, based on a re­port from Lazard. The cost of pro­duc­ing one megawatthour of elec­tric­ity in North Amer­ica is around US

$ 50. An­other news mak­ing head­lines is that Chile will pro­vide free power dur­ing day­time. In next few years, it will have a huge im­pact on how fac­to­ries will be struc­tured.

Vir­tual Of­fice:

With the help of AI and in­ter­con­nected busi­nesses and tech­nolo­gies, the need of a phys­i­cal of­fice will sig­nif­i­cantly di­min­ish. Any cler­i­cal task that can be au­to­mated, will be au­to­mated, bringing down the cost.

Sen­sors:

There are about 6-7 bil­lion sen­sors present in the world cur­rently. The num­ber will fur­ther in­crease to 1 tril­lion by 2020. The world will be flooded with around 100 tril­lion sen­sors in next 50 years. The same trend can be linked with gar­ments too in the fu­ture.

Big Data:

Data col­lec­tion will be­come a stan­dard task for ev­ery or­gan­i­sa­tion. The real value of the com­pany will de­pend on how ef­fec­tive would it be in stor­ing ex­pe­ri­ence into the com­puter. As hu­man skill will be ex­pen­sive in fu­ture, the abil­ity to store ex­pe­ri­ence into the server will help in deskilling of jobs and com­pa­nies able to deskill will be suc­cess­ful.

Robotics:

“Slowly, but surely,” com­mented Gu­n­ish, and added, “Cer­tain spe­cific oper­a­tions in ap­parel mak­ing will be au­to­mated and will form the next wave of dis­rup­tion.”

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