Problem: Digital Transformation at Miroglio Fashion
Fashion industry can be characterized as a hard to predict industry as fashion trends and consumer tastes evolve quickly and continually. This means that both demand forecasting and inventory allocation processes are challenging for the industry. Francesco Cavarero seeks to "bring analytical rigor to the company's planning and inventory management decisions" leading to a digital transformation. The question becomes can artificial intelligence (AI) and machine learning replace human intuition in this industry? More importantly, how will this impact the current business processes?
He has created a team of analysts to help him in this process. As the team of analysts charged with this task you are required to address the following issues.
• What would you recommend to Francesco to transform Miroglio's information systems? Create a visual map for the steps you identify and describe the specific steps for the path that the organization will traverse to transform their information systems. Highlight the assumptions you make and discuss why these steps will help Miroglio be successful in their digital transformation.
• Write down the lessons learnt from this project. What challenged you the most and why?
The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.