We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
International Business Machines Corp | NYSE:IBM | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-1.31 | -0.79% | 164.89 | 166.27 | 164.30 | 165.69 | 4,029,823 | 22:40:30 |
NEW YORK, April 23, 2019 /PRNewswire/ -- The Fashion Institute of Technology's (FIT) FIT/Infor Design and Technology Lab (DTech Lab) and IBM (NYSE: IBM) today announced a collaboration that will transform how the fashion industry operates, and will help build the creative fashion workforce of the future.
FIT will leverage IBM's artificial intelligence (AI) for fashion capabilities – a suite of application programming interfaces (APIs) developed and trained for the fashion industry that leverage deep learning, natural language processing, and computer vision to help fashion companies improve customer experience, enhance their product design, development, and merchandising/planning activities, and augment merchandise performance analysis.
These APIs can be delivered individually, incorporated into existing applications, and/or be leveraged to develop new retail applications, such as trend identification or analysis, product design, development, and merchandising.
FIT's initial experience with IBM AI for Fashion was in 2018 when Tommy Hilfiger teamed with IBM and the DTech Lab on "Reimagine Retail," a project to show how AI can give a fashion brand a competitive edge with market insights, product design, personalization and supply chain optimization. The tools also equipped the next generation of retail leaders with new skills using AI in design.
"Reimagine Retail was a powerful example of what happens when fashion partners with a global tech leader to advance challenging innovations," said Michael Ferraro, director of the FIT/Infor DTech Lab. "Embedding emerging technology into our lab where faculty and students are solving industry problems is the next step in our evolving relationship with IBM. We're leveraging the fresh perspectives and new ideas of talented creative students in an agile research environment."
Due to the success of Reimagine Retail, FIT and IBM are taking the collaboration further, to encompass:
"FIT is an educational force that continues to innovate and ensure the future of the creative industries, including fashion," said Dr. Joyce F. Brown, president of FIT. "We are proud to partner with IBM. Together we can look forward to many breakthroughs in resolving the challenges of today and tomorrow."
"After a successful IBM-FIT project for Tommy Hilfiger last year, formalizing our relationship with FIT is a natural next step to accelerate our development of AI solutions for the fashion industry," said Luq Niazi, IBM's Global Consumer Industry Managing Director.
Since its inception in the summer of 2017 through the current spring 2019 semester, the DTech Lab has taken on 19 projects involving 76 students and 21 faculty. "I learned how interesting and rewarding it is to try new things," said Amber Saca, an FIT Packaging Design student. "Working with the Lab gave me the confidence to design on a wide range of subjects that are outside of my comfort zone."
About IBM
For further information please visit: www.ibm.com.
About FIT
FIT, a part of the State University of New York, has been a leader in career education in art, design, business, and technology for almost 75 years. Providing its 9,000 students with an uncommon blend of hands-on, practical experience, theory, and a firm grounding in the liberal arts, the college offers a wide range of affordable programs that foster innovation and collaboration. Its distinctive curriculum is geared to today's rapidly growing creative economy, including fields such as computer animation, toy design, production management, film and media, and cosmetics and fragrance marketing. Internationally renowned, FIT draws on its New York City location to provide a vibrant, creative community in which to learn. The college offers nearly 50 majors and grants AAS, BFA, BS, MA, MFA, and MPS degrees, preparing students for professional success and leadership in the new creative economy. Among notable alumni in fashion are Calvin Klein, Michael Kors, Reem Acra, Brian Atwood, Dennis Basso, Francisco Costa, Norma Kamali, Nanette Lepore, Bibhu Mohapatra, Ralph Rucci, John Bartlett, and Michelle Smith. Other prominent graduates include Leslie Blodgett, creator of bareMinerals; international restaurant designer Tony Chi; and Nina Garcia, editor in chief, Elle. Visit fitnyc.edu.
About FIT/Infor Design and Technology Lab
The FIT/Infor DTech Lab is a public-private partnership between Infor, an industry leader in Enterprise Resource Planning (ERP) software, and the Fashion Institute of Technology, with a mission to engage faculty and students as the solve industry problems with design and technology. The Lab was created to explore the impact of emerging technology on design, manufacturing and retail. It is organized around four core initiatives: enhance education with experiential learning, engage industry through innovative partnerships, empower entrepreneurs by directly engaging emerging designers, and envision the future through projects that explore new ideas for business and creativity.
Alexandra Mann
Media Relations Specialist
212 217.4722; alexandra_mann@fitnyc.edu
View original content to download multimedia:http://www.prnewswire.com/news-releases/ibm-and-fit-announce-collaboration-to-help-build-the-creative-fashion-workforce-of-the-future-300836724.html
SOURCE Fashion Institute of Technology
Copyright 2019 PR Newswire
1 Year International Business M... Chart |
1 Month International Business M... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions