Technology Overview

As for the online fashion market, it has been growing continuously, and the speed has been accelerated by COVID 19. Although the market size continues to grow, there are many problems such as feeling the texture or not knowing the fit accurately due to the limitations of the online market. The biggest problem among them is the size problem, which accounts for more than 40% of the reason for the return, and many returns are made in the online market. This return issue is the main issue IMEMINE is trying to solve.

Since we are targeting B2B fashion e-commerce malls, we are a solution that works with algorithm. ‘SizeMine’ is a technology that is combined with artificial intelligence and augmented reality technologies. So by SizeMine measuring one’s body with high accuracy and 3D virtual fitting is also possible.

Since our solution is for e-commerce users, I think the target can be anyone who uses the e-commerce platform.

So we are looking for a partnership with fashion e-commerce malls.

Technology Features, Specifications and Advantages

Recently there are many different sizing solutions. But all the other solutions have inconveniences, such as low accurate rate, complicate way to use etc.

However, SizeMine measures the size in 0.1 seconds through just one picture, so the best advantage is the easy way to use it. Other sizing solutions that is measured by picture needs more than 2 pictures to measure the size.

Also, SizeMine can be virtualized through a 3D avatar, so if user want to try out clothes to avatar, user can fit the selected clothes to the avatar and can check them in detail. This can lead to the utilization of metaverse.

Lastly, we have high technical skills because our CTO have AI experts with more than 15 years of experience.

Potential Applications

Since IMEMINE is developing an AI and AR solution that is connected to size issue and avatar, we can reach into lot’s of areas. Such as we can get into a healthcare market, cause we can provide a information to users about their body size information in before&after. Beside that, IMEMINE is going to access the metaverse business. We already developed creating 3D avatars through 2D images, and planning to connect this fashion 3D avatar with games. For example, if customer buy clothes at department stores, they can match the clothes with those of game characters.

In addition, various metaverse technologies are currently being developed, so they are more competitive than their competitors.

Customer Benefits

With our solution there will be benefits for all 3, customer, e-commerce mall and environment. People could think return issue is not a big deal, but by returning cloth customer will feel annoying and they will get a bad perception on the e-commerce mall they bought. For e-commerce mall, they are using most of there money in CS part as handling the return problems. And since the e-commerce mall is mostly paying the fee for return, they will save a lot of money by reducing this returning cloth. For the last, the cloth that are returned are mostly dumped and they are more than 5 billion pounds for year.

So by reducing return issue by SizeMine all 3 can get benefits.