Systematizing Fashion Brands Using Big Data Analytics

Systematizing Fashion Brands Using Big Data Analytics

Authors

  • Deepti Kothari

Keywords:

Big Data Analytics (BDA), fashion, brand building, consumer experience, market trends

Abstract

Data has become the new fuel that powers businesses in the digital age. Due to the internet's and technology's incredible expansion, businesses produce enormous volumes of data each day. However, companies need more than just raw Data to function; to extract valuable insights that may guide their decision-making, a thorough analysis and interpretation process is necessary. This is where Big Data Analytics (BDA) becomes useful. BDA provides transformative benefits in systematizing fashion brands, from identifying customer behavior patterns to forecasting market trends and optimizing operations.

While Big Data has been widely adopted in sectors such as healthcare, finance, and retail, its application in fashion remains relatively nascent. This paper aims to explore how fashion brands can effectively harness BDA to systematize operations and gain a competitive advantage. The author finds that trend forecasting, waste reduction, user experience, consumer interaction and marketing, improved quality control, reduced counterfeits, and shorter supply chains are the main reasons behind the use of BDA in the fashion industry.

This research adopts a conceptual methodology, relying on insights gained from secondary sources, including academic research, industry reports, and case studies. Through a synthesis of this existing literature, the paper provides a comprehensive overview of the current state of Big Data usage in fashion retail. The analysis identifies both the opportunities, along with real-world case studies of Indian fashion brands, and challenges in implementing BDA, including technological barriers, Data privacy concerns, and organizational resistance to change.

The findings reveal that while many fashion brands have yet to embrace Big Data fully, those that do are already experiencing significant benefits, such as improved trend prediction, more efficient supply chains, and enhanced customer engagement. By offering practical recommendations, this paper aims to guide fashion retailers, industry professionals, and researchers in leveraging Big Data as a critical tool for innovation and long-term growth in the fashion industry.

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References

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https://medium.com/Data4fashion/the-future-of-fashion-with-big-Data-and-analytics-d7d716217741

Additional Files

Published

10-10-2024

How to Cite

Deepti Kothari. (2024). Systematizing Fashion Brands Using Big Data Analytics. Vidhyayana - An International Multidisciplinary Peer-Reviewed E-Journal - ISSN 2454-8596, 10(s1), 964–978. Retrieved from https://vidhyayanaejournal.org/journal/article/view/2005
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