global innovation trends for the fashion and retail...
TRANSCRIPT
GLOBAL INNOVATION TRENDS FOR THE FASHION AND RETAIL INDUSTRY
FASHION TECHNOLOGY ACCELERATOR
Digital Technology has already pervaded several industries, transforming their business and changing our daily habits.
Fashion is one of the late comers, but is currently facing a digital and technology revolution
DIGITAL TRANSFORMATION
Telecoms Music
Tourism Social
Payments Publishing
2
ABOUT FTA
FTA was originally founded in Silicon Valley in 2012, a key location for technological development and entrepreneurial efforts. FTA is part of an international network, with an office in Seoul, situated in the heart of emerging markets, and our Milan office being situated in the heart of fashion. Today FTA Milan has a portfolio of 22 companies.
PaloAlto
Milano
Seoul
FTA Milan opens calls for applications from new startups biannually. On average we receive 300 direct applications from startups a year, of which only 36% is from Italy, 12% from the UK, 10% from the US, 25% from the rest of the European Union, and 18% from other parts of the world.
Currently FTA Milan has 14 startups in its portfolio.
FTA Milan is the worldwide leading Business Accelerator for companies at the intersection between Fashion and Technology. We select start-ups market ready and accelerate their growth providing strategic consultancy in exchange of an equity interest.
3
OUR VALUES
TECHNOLOGY LEADER. FTA is the international hub for technology and digital innovation in the fashion, luxury, retail industry recognized worldwide as industry leader. We believe social behaviors evolve and shape every industry, technology is a key mean to adapt and meet customers’ evolution.
INDEPENDENT. We are an independent organization funded by private investors. We have connections with many fashion and luxury brands and groups, but we are not sponsored by any of them.
STARTUP LOVERS. Our team has an extensive experience with the startups world. We know were to find them, which language to use it and how to deal with them. We are passionate about making a small organization scale.
FASHION ORIENTED. We are the only hub for startups dedicated to fashion and luxury industries. We have built around us a wide and international network of experts operating in key positions in fashion and luxury companies. Moreover we have built strong relationships with international groups.
4
Past companies
Silicon ValleyMilan
Seoul
GLOBAL FTA PORTFOLIO
5
Internet of thingse-Commerce
Data - Artificial Intelligence
TECHNOLOGY ENABLING FACTORS
6
SOCIO-BEHAVIORAL FACTORS
Mobility Ego-self
Those technology evolutions and behavioral changes have given rise to several new trends pervading the fashion industry
Social impact
7
IoT - CONNECTED RETAIL
PROXIMITY MARKETING REAL TIME ANALYTICS
The retail is trying to reinvent itself in order to attract customers and to be
integrated with online channels
8
Getting data from consumers
IoT - CONNECTED RETAIL
VIRTUAL MANNEQUINS AUGMENTED REALITY VS
VIRTUAL REALITY
The retail is trying to reinvent itself in order to attract customers and to be
integrated with online channels
OMNICHANNEL
9
SMART FITTING ROOM
IoT - SMART TEXTILES
Wearable technologies are slowly but consistently penetrating the market. The
new frontier is smartness embedded into textile
INTERACTIVE TEXTILES
SMART DISPLAYS
LOCALIZED WARMING FUNCTIONS
10
ADAPTIVE TEXTILES
CUSTOMER CENTRIC APPROACH
INFLUENCER CUSTOMIZATION
FRIENDS RECOMMENDATION
The customer is increasingly interested in taking part to the entire fashion chain
11
PERSONAL RECOMMENDATION
19
A large quantity of data are available, those can enhance customers’ experience as well as corporates performances
PLAYING WITH DATA
SCALING PERSONAL SERVICE ALIGNING SUPPLY AND DEMAND
KNOWING THE CONSUMER BEHAVIOR REDUCING LEAD TIME
PLAYING WITH DATA
19
A large quantity of data are available, those can enhance customers’ experience as well as corporates performances
PLAYING WITH DATA
SCALING PERSONAL SERVICE ALIGNING SUPPLY AND DEMAND
KNOWING THE CONSUMER BEHAVIOR REDUCING LEAD TIME
A large quantity of data are available, those can enhance customers’
experience as well as corporates performances
SCALING PERSONAL SERVICE
KNOWING CONSUMER BEHAVIOR
ALIGNING SUPPLY AND DEMAND
REDUCING LEAD TIME IMPROVE RETURNS ECONOMICS
19
A large quantity of data are available, those can enhance customers’ experience as well as corporates performances
PLAYING WITH DATA
SCALING PERSONAL SERVICE ALIGNING SUPPLY AND DEMAND
KNOWING THE CONSUMER BEHAVIOR REDUCING LEAD TIME
19
A large quantity of data are available, those can enhance customers’ experience as well as corporates performances
PLAYING WITH DATA
SCALING PERSONAL SERVICE ALIGNING SUPPLY AND DEMAND
KNOWING THE CONSUMER BEHAVIOR REDUCING LEAD TIME
19
A large quantity of data are available, those can enhance customers’ experience as well as corporates performances
PLAYING WITH DATA
SCALING PERSONAL SERVICE ALIGNING SUPPLY AND DEMAND
KNOWING THE CONSUMER BEHAVIOR REDUCING LEAD TIME
12
SUSTAINABILITY
The customer is increasingly interested in reducing is negative impact on the planet
RE-USE
RECYCLE
BIO BASED SHARING
13
TRACEABILITY
THE FASHION TECH OPPORTUNITY
14
6 European fashion online-based companies are valued > $1 billion.
The number of such companies will grow to 16 in the next 3-5
years.*
The Fashion-Tech industry received > $8.6 billion investments
in the last 4 years.*
The field of combined Fashion & Technology is poised to be a great economic opportunity of the 21st century.
Fashion Brands are still far from comprehend and face the Digital
Transformation.
HOW CORPORATES ARE INVESTING IN INNOVATION?Fashion, retail and luxury has seen several initiatives during 2016 demonstrating a mature interest from the
industry towards technological and digital innovation.
Rebecca Minkoff VC fundAll the initiatives have been launched in partnership with existing organizations
15
FASHION TECHNOLOGY ACCELERATOR
www.ftaccelerator.it
CONTACT US VISIT US Giusy Cannone Managing Director [email protected] +39 0236573130
Superstudio 13 Via Forcella 13 20144 Milano Italy