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Can This AI Really "Fix" Fashion's Data Problem?

forbes.com · 785 words · saved by 1 readers

Ashwini Asokan is a rare breed of female entrepreneur - the breed that encouraged VC’s to empty their pockets in recognition of the power of the AI platform she founded, Vue.ai. Powered by the AI company Mad Street Den, that she founded alongside her husband, Asokan put this power to use in the form of retail AI solutions for fashion companies. “Retail data is broken” she told me, and her modular software solution is set to fix it. Announcing today a Series B round of funding to the tune of $17M, Asokan and her team are intending to prepare retail brands for the “experience economy” that sees them facing stiff competition from online behemoths including Amazon and Alibaba, who are successfully using AI to personalize products and services for shoppers. Setting the scene for the emergence of Vue.ai’s seven part ‘modular software solutions’, she cites a number of fashion retailers and brands going into meltdown in 2016. The catalyst? Combined pressure of new direct to consumer brands “

Innovation Sustainability Can This AI Really "Fix" Fashion's Data Problem? By Brooke Roberts-Islam , Senior Contributor. Forbes contributors publish independent expert analyses and insights. Brooke Roberts-Islam is a London-based writer covering sustainability. Follow Author Apr 24, 2019, 06:03pm EDT Apr 25, 2019, 11:50am EDT This article is more than 7 years old. Vue.ai Vue.ai Ashwini Asokan is a rare breed of female entrepreneur - the breed that encouraged VC’s to empty their pockets in recognition of the power of the AI platform she founded, Vue.ai . Powered by the AI company Mad Street Den

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