Big Words: AI Trend Forecasting #12
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AI Trend Forecasting:
noun
A forecasting method that operates based on an AI image recognition system, which analyzes social media images to identify the garments people are wearing and to quantify the identified trends. It heavily relies on historical statistics, leveraging past patterns to understand the future. This methodology is rooted in the belief that trends tend to be cyclical, and when a trend appears, it's unlikely to be entirely new.
Our comprehensive database combines past trends to ensure thorough coverage of the markets, allowing us to quantify how trends emerge, evolve, and eventually fade away.
Key Insights:
The methodology is a complex and comprehensive technology that predicts upcoming trends but also provides insights into where and for how long these trends will likely be popular.It's a sophisticated tool that offers valuable information about trends across different categories of people in specific countries.
Contributor: Julie Pont.