Impact of Crowd-Sourcing on Clothing Industry - Video Presentation
Verified
Added on  2023/04/26
|21
|746
|233
Presentation
AI Summary
This video presentation explores the impact of crowd-sourcing technology on the clothing industry, including advantages such as cost reduction, improved creativity, and effective utilization of resources.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Video on impact of crowd-sourcing on the clothing industry
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
The video presentation of this assignment will be having numerous units and each of the units of this video presentation having its own significance.
Content of the video Part one: Research Part two: Brain Storming Part three: Regulation and Ethics Part four: Disruption
Part one: Research Technology The crowd sourcing technology is defined as the type of technology which are used in most oftheglobalmanufacturingindustriesall around the world. The needs and requirements of the consumers can be actually understood with the help of this technology. The speed of delivery,qualitycontroloftheproducts, reductioninthedifferentcostsinthe productionroomsarethesignificant contributions of this technology.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Part one: Research Industry The clothing industry is defined as the type of industry which provide wide range of products and services to every people of the world. Exclusive garments, customized products, textile industry, application of the recycled products and second hand clothes are the prime business service of this industry.Widerangeofequipment'sand technologiesareconstantlybeingusedinthis industry to meet the needs and requirements of the consumerswhichisconstantlychanging.This industrycontributeshugelyinthenational economy as well.
Part two: Brainstorming Theimpactoftechnologyinthe clothing industry The application of crowd sourcing technology on clothing industry has many advantages such as improved customerengagement, implementationoftheproposed changes in an effective manner in the production rooms, reduction in human errors
Part two: Brainstorming Parallels to other industries Industriessuchasthebeverageindustries,chemicalindustry, automobile industry, wood and furniture industry and all other categories of industries uses the crowd sourcing technology in their working environment.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Part two: Brainstorming Other technologies which can be applied in the clothing industry There are different categories of equipment's and technologies used in the working environment of clothing industry such as the highspeedsewingmachine,pressingandfusingmachine, numerical control machine tools, artificial intelligence and block chain technology.
Customer EngagementNew business strategies can be created Customized productsImproved business sales High Speed deliveryReduction in overhead costs Need for changes in the clothing industry can be identified professionally. Mission and vision of the organization incorporating the technology can be achieved. Waste ReductionUtilization of the available resources Part three: Regulation and Ethics The prime impact of the crowd sourcing technology on the clothing industry are presented in the following table.
Application of Lessig’s four categories on one impact of the technology Market: New technologies and customized products falls under this category Law: Reduction in waste material falls under this category Physical:Customerengagementprovidesthisindustrya competitive advantage over the other industries
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Part four: Disruption Like every industry there are different businessprocessesinthisindustry suchastheintroductionofthe customizedproductswhich contributes to the profitability of the business.
Process Factors The employees using this industry and businessstrategiesadoptedinthe production rooms are the main process factors of this business process.
Events The incorporation of the crowd sourcing technology on clothing industry should beeffectivelyplannedbythe experienced professionals.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Outcomes Businessdecisionandbusiness strategies have a positive or negative impact on this business process.
Process Model Diagrams Raw Materials Re-Cycled materialsPre-Production Production Introducing new technology Recycle Destructive/ Non destructive Use Introducing new technology Marketing and Distribution
Advantages of crowd sourcing technology on clothing industry Cost Reduction. Speeding up projects. Improved creativity. Customized products. Improved customer engagement. Improved business sales. Reduction in human errors. Effective utilization of resources
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.