Technology news and archive

Deloitte helps brands deliver metaverse experiences

Global audit and advisory firm Deloitte has launched an immersive experience platform in partnership with technology provider Vatom. The two companies have created a tangible experience to enable brands (and other businesses) to build virtual spaces for their customers, partners and employees. In essence, they have made the Metaverse accessible....

6 Mar 2023

Business

In Big Tech earnings week, Facebook gets a boost

Investors in Meta saw their stock boosted by 25 percent, as the social media giant posted higher than expected earnings in the fourth quarter of 2022. The parent company to Facebook, Instagram and Whatsapp, said it focused on productivity, streamlining and efficiency, adding nearly 80 billion dollars to its market value. But the operational...

2 Feb 2023

Fashion

A new fashion collection shields wearer from AI facial recognition

A new brand embracing technology, textiles and fashion has developed a collection that will bypass AI and facial recognition. The print-heavy pieces confuses artificial intelligence cameras and stops them from recognising the wearer. Developed by Italian startup Capable, the brand said its mission is to offer a high-tech product that opens...

26 Jan 2023

Business

Fashion supply chain finance platform, Twinco Capital, raises 12m dollars to expand

Twinco Capital, a global supply chain finance solution that covers the production cycle from purchase order to final invoice payment, has secured a 12 million dollar equity and debt round. The Amsterdam and Madrid-based fintech business, which was founded 2019 by bankers Sandra Nolasco and Carmen Marín, said it is on a mission to reduce the...

24 Jan 2023

Business |Technology Featured

Widespread adoption of Meta's metaverse is yet to take off

It has been well over a year since Facebook became Meta. The social media giant announced the name change amid a flurry of corporate crises and scandals, but mainly to represent itself as a broad spectrum of technology applications rather than ‘just’ a social media platform. Meta promised to be a pioneer in the metaverse realm, where the near...

3 Jan 2023

BusinessFeatured

Shopify sees growth opportunities in larger retailers

Shopify, the e-commerce platform that allowed millions of small businesses to sell on the web without so much as requiring basic coding or html skills, is channeling its next stage of growth by targeting a bigger fish. On Tuesday Shopify launches its latest brand offering: Commerce Components by Shopify, a composable stack for enterprise retail....

3 Jan 2023

Fashion |Technology Featured

Snap and Amazon Fashion create new AR Shopping Experience

Snap and Amazon Fashion have partnered to bring new Virtual Try-On (VTO) experiences to Snapchat users. The social media and retail giants are hoping their combined services will attract some of the 1.4 billion people forecast to use augmented reality on their smartphones in 2023. Mobile shopping is a fast growing channel, with Amazon Fashion...

2 Jan 2023

Fashion

Fashion tech: Consumers can now virtually try-on 3D necklaces

Online shopping for jewellery, specifically necklaces, has just been made easier with a new virtual try-on solution launched by Perfect Corp. Jewellery, like fashion, is size and fit sensitive, and digital innovation in the sector allows retailers and jewellery brands to boost online customer shopping experiences. In a statement Perfect Corp....

6 Dec 2022

BusinessFeatured

LVMH accelerates data contribution to its businesses to drive development

Data analytics has long been powering the fashion industry, from entire algorithms to predict sales, like at fast fashion giant Shein, to augmenting customer experience with personalised offers. Luxury group LVMH has been expanding its use of data for over three years, partnering with Kaggle Days, an international competition for data...

17 Nov 2022

RetailFeatured

Digital dissatisfaction: online retail experiences should be improved with new tools

A growing dissatisfaction amongst consumer digital retail experiences shows a lack of innovation in the sector. New research from PYMNTS, a retail, fintech and financial services news platform, showed 150 brands were dissatisfied with existing tech innovations. In a study titled “Big Retail’s Innovation Mandate: Convenience and Personalization,”...

18 Oct 2022

Business

Metaverse digital assets to be worth 225 billion dollars by 2027, says report

A new report on market opportunities in Metaverse platforms suggests digital asset marketplaces could be valued at 224.9 billion dollars by 2027. In the "Metaverse Market by Technologies, Platforms, Solutions and Applications in Industry Verticals 2022 - 2027" report by Research and Markets, blockchain solutions supporting the Metaverse could...

5 Sept 2022

Fashion

New report shows popularity of virtual try-ons in fashion and beauty space

Insights into the ever-changing standards of beauty and fashion technology trends were shared in a report by fashion tech solutions provider Perfect Corp. The findings from the Beauty and Fashion Tech Trends Around the World report, analysed big data sourced from Perfect Corp.’s YouCam suite of apps, which features thousands of AR-powered beauty...

31 Aug 2022