Furnitech, a leader in contemporary furniture design and manufacturing, has launched Furnitech.AI, a groundbreaking platform that aims to revolutionize the furniture industry. Powered by cutting-edge technology, Furnitech.AI is described as a 'cloud factory' that seamlessly integrates technology into furniture design, production, and distribution. The platform offers a wide range of furniture options tailored to meet the diverse needs of brands and retailers worldwide. It provides access to a vast array of design options, facilitates low Minimum Order Quantities (MOQs), and offers extensive customization capabilities. Furnitech.AI streamlines the furniture procurement process, providing flexibility, efficiency, and quality assurance from concept to creation. The platform ensures that every piece of furniture meets the highest standards of craftsmanship and design excellence [e7318b2a].
Singapore-based Navan AI has also launched niia.ai, a platform that uses generative AI to streamline the fashion design process. The platform allows designers to create variations or new designs in a matter of hours by describing their ideas. It offers a visualization tool, AI-generated models for virtual try-ons, and can generate high-quality images, reducing the need for physical samples and waste. Navan AI's CEO, Santosh Rout, stated that the platform empowers designers to bring their ideas to life quickly and efficiently [f3ba435a].
These innovative platforms are part of a larger trend in the design industry, where AI is being leveraged to enhance design processes and automate tedious tasks. Andrew Lane, cofounder of consultancy Digby, highlighted three revolutionary tech platforms that are transforming design workflows. Baya, founded by John Derkach, establishes a seamless connection between designing and building. Canoa, founded by Federico Negro, addresses inefficiency and waste in the FF&E industry through collaboration. Hypar, founded by Ian Keough and Anthony Hauck, aims to transform the way designers and architects approach their work. These platforms leverage AI and machine learning to enhance design processes and automate tedious tasks. By harnessing the power of AI, these platforms are revolutionizing the design industry and enabling designers to work more efficiently and creatively [ee747f11].
In the high jewellery industry, established maisons are also embracing cutting-edge technology and AI while maintaining traditional craftsmanship. High-end jewellery houses like Boucheron and Fope are incorporating CAD (Computer-Aided Design) to experiment with unconventional cuts and designs, allowing designers to create unique shapes and forms. The use of AI-driven 3D printing and CAD has revolutionized the industry, enabling intricate cuts and facets on precious gemstones. AI-driven perimetric tools are being used to enhance the brilliance and value of jewellery by creating precise and intricate designs. Additionally, jewellery houses are integrating blockchain technology for transparency and exploring recycling technologies to promote sustainability in the industry. Digital marketing, NFTs (Non-Fungible Tokens), AR (Augmented Reality), and virtual reality are also being employed to enhance customer experiences and provide a more immersive and interactive environment. These technologies aim to enhance the brilliance and value of jewellery, whether through technology or traditional craftsmanship [3a984d7f].
HyperFinity, the winner of the 2023 RTIH Innovation Awards, has launched an AI-powered pricing solution for retailers. The decision intelligence platform aims to provide retailers with insights to make informed pricing decisions and maximize profitability. The solution replaces manual pricing spreadsheets and offers features such as price elasticity analysis, AI-driven price actions, modeling price impact, and monitoring sales performance. HyperFinity has already seen positive results, including a more than 5% increase in profit margins. The company works with retailers like cardfactory and has been praised for its expertise in applying data science to pricing decisions [98f8d894].
The integration of AI and technology in the furniture and high jewellery industries is transforming design processes, enhancing craftsmanship, and providing innovative solutions for growth and success. These advancements are revolutionizing the industries and empowering designers and brands to work more efficiently, creatively, and sustainably.