White Paper | incorporating generative AI into the fashion workplace

Articles & Reports
 |  
Feb 2024
 |  
BoF
Save to favorites
Your item is now saved. It can take a few minutes to sync into your saved list.

What: This white paper explores the integration of generative artificial intelligence (gen AI) into the fashion industry, highlighting its potential to revolutionize various aspects of the sector, from design and product development to marketing and supply chain operations.


Why it is important: With gen AI poised to add up to $275 billion to the operating profits of the apparel, fashion, and luxury sectors, understanding how to effectively incorporate this technology into the workplace is crucial for businesses aiming to enhance productivity, creativity, and competitiveness.


Generative AI is rapidly becoming a transformative force within the fashion industry, offering unprecedented opportunities for innovation across the value chain. McKinsey & Company's research suggests that gen AI could significantly boost the operating profits of the fashion sector by enhancing functions such as marketing, design, and product development. Despite the high expectations, only a small fraction of fashion executives feel prepared to leverage gen AI effectively, pointing to a significant skills gap within the industry.


To bridge this gap, businesses must adapt their job requirements and invest in upskilling their workforce to include competencies in gen AI programs like Midjourney and ChatGPT. This shift necessitates a reevaluation of workplace culture and technical support systems to ensure employees can maximize the benefits of gen AI tools.


The white paper features insights from global experts, including Rhianna Cohen, Jessica Couch, Cyril Foiret, Holger Harreis, Carl-Axel Wahlström, and Dr. Katia Walsh, who discuss the implications of gen AI for creative processes, equity promotion, and operational optimization. They emphasize the need for a digitally competent workforce and a supportive work environment that fosters innovation and adapts to the evolving digital landscape.


In conclusion, the successful integration of gen AI into the fashion workplace requires a strategic approach that includes skill development, cultural adaptation, and the implementation of supportive technologies. By addressing these areas, fashion businesses can harness the full potential of gen AI to drive growth, enhance customer experiences, and maintain a competitive edge in the digital age.


White Paper: incorporating generative AI into the fashion workplace (Article)


BOF White paper PDF