Tapestry awarded US patent for AI platform Mira

The US-based luxury group has been awarded a US patent for Mira, its artificial intelligence platform designed to integrate company data and facilitate quicker decision-making
Developed by Tapestry’s Data and Analytics team, Mira works alongside the company’s patented Global Data Fabric system, analysing data from multiple business areas and generating real-time insights. The patent includes the core system architecture and marks Tapestry’s first AI patent and second technology patent overall.
The luxury group claims that processes which previously took days of manual analysis can now be completed in seconds or minutes. These capabilities are already being used for tasks such as assortment planning, inventory management, and identifying emerging consumer trends across Tapestry’s brands, including Coach and Kate Spade.
“Our teams bring deep expertise, human judgement and creativity; Mira provides business intelligence to help our teams move with speed and agility”, highlighted Fabio Luzzi, Chief Data and Analytics Officer, Tapestry. “Together, that combination becomes a structural competitive advantage.”
“We’re an 85-year-old fashion company harnessing cutting-edge innovation and technology”, said Joanne Crevoiserat, Chief Executive Officer of Tapestry. “This is one more way we are moving with agility to deliver for our consumers and drive durable growth”, she concluded.
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