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Let's Know Things

Millennials

Let's Know Things

Colin Wright

News Commentary, News

4.8593 Ratings

🗓️ 13 March 2018

⏱️ 58 minutes

🧾️ Download transcript

Summary

This week we talk about fashion forecasting, Theosophy, and the Generation formerly known as Y.


We also discuss Boomer, Aryans, and color consultants.



This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit letsknowthings.substack.com/subscribe

Transcript

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0:00.0

The world of fashion forecasting has become a crowded market of late, in part because of the changing technologies that have become

0:22.2

available in the past decade or so, and in part because it's a lucrative market, especially for

0:27.2

tech-savvy folk who are capable of putting together a solid back end of services for fashion

0:33.0

and fashion-related companies, and for fashionistas who want to get out of the making of clothing side of things,

0:40.4

and into the B-to-B side, selling services, selling panning equipment to the gold miners,

0:46.4

rather than mining for gold themselves, essentially.

0:49.7

Fashion forecasting is a business with three main components.

0:56.9

First, they capture data. second, they crunch that data, and third, they make that data available in useful ways. To capture data,

1:04.0

they employ and hire tens of thousands of people to go out into the world and photograph

1:09.4

fashion and style as it happens in real life.

1:13.0

And in some cases, to interview the people wearing the clothing they photograph.

1:17.0

These forecasters attend conferences and music festivals, fashion runways and red carpets,

1:23.0

they walk the streets of New York City and Paris to see what people are wearing, their photos and any

1:29.1

supplementary information they gather is then added to a database of other photos and

1:34.1

information and tagged with metadata, making it organizable and searchable. In recent years,

1:41.0

this information is also often combined with the same types of photos that

1:47.6

are instead collected from social media, especially networks like Instagram, which allows

1:52.8

forecasters to find and capture a lot of the same information, but from wherever they happen

1:57.8

to be, rather than out on the street or at a festival.

2:01.9

This is where the crunching of that data comes into play.

2:05.9

Now that all these photos from around the world, organized by demographics and geographic

2:10.9

location and type and time period and color, and all kinds of other identifying information

...

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