- ECGI Holdings, a diversified holding company with a unique portfolio encompassing viticulture, luxury fashion, and hospitality, recently appointed Mandeep Singh, an AI and machine learning expert, to its Board of Advisors
- Singh’s addition is part of the company’s preparations for the launch of a new line of apparel under Pacific Saddlery’s Allon brand
- AI provides confidence in size selection, minimizing returns, and better measurement for options, supporting easier upsells
- Singh will help Pacific Saddlery evaluate and implement technologies to leverage AI precise body measurement solutions to provide personalized fit recommendations
- In addition, Singh is expected to leverage his experience to help ECGI optimize its financial performance, identify new investment opportunities, manage risks, and drive sustainable growth
The variability of human body types has always been a concern among clothing designers, who have traditionally had to take multiple measurements of the human body to create garments adapted to human morphologies. And while dimensions such as height and waist circumference are said to be easy to obtain, others, like the back width and length, can be difficult to measure. In addition, different stylists can obtain different values of the same dimensions, birthing errors.
To minimize errors associated with manual measurements, 3D scanning devices have been used. In addition, the development of artificial intelligence (“AI”) and machine learning (“ML”) has led to the adoption of the technology in various fields, including the textile, fashion, and apparel industry. Today, designers and fashion companies are increasingly adopting AI and ML technologies to “facilitate the extraction of measurements and to accurately predict full-body anthropometric measurements from a subset of easy-to-measure dimensions” (https://ibn.fm/fleLf).
Among the companies looking to adopt AI to aid in measurements is Pacific Saddlery Inc., a division of diversified holding company ECGI Holdings (OTC: ECGI). ECGI recently announced the planned launch of a new line of ready-to-wear equestrian apparel under Pacific Saddlery’s Allon brand. This announcement followed the signing of a binding Letter of Intent (“LOI”) to acquire 100% of Pacific Saddlery.
As part of its preparations to launch the new collection of apparel, ECGI recently announced that Mandeep Singh, an AI and machine learning expert, has joined its Board of Advisors (https://ibn.fm/72CD8). Singh, who has a distinguished career and hands-on experience in AI, machine learning, and data science, is expected to help Pacific Saddlery evaluate and implement technologies to leverage AI precise body measurement solutions to provide personalized fit recommendations.
ECGI believes the implementation of such solutions will increase conversion rates, reduce return rates, and enhance customer engagement and loyalty. Specifically, ECGI quantifies, the technologies can help reduce size-related returns by 30%. And given that such returns account for up to 70% of online returns, ECGI and Pacific Saddlery could reap huge benefits.
Besides helping Pacific Saddlery to evaluate and implement AI and ML technologies to aid in anthropometric measurements, Singh is expected to lend his wealth of experience in financial analytics to help ECGI optimize its financial performance, identify new investment opportunities, manage risks, and drive sustainable growth. In addition, Singh’s background and experience will be instrumental in helping ECGI leverage AI for financial analysis.
Singh has held significant roles at Alation, Antuit, Deutsche Bank (NYSE: DB), Capco, Bloomberg LP, and Skryty. As the chief scientist at Skryty, he developed the company’s machine learning autonomous trading system. Moreover, his time at Deutsche Bank and Bloomberg LP helped him hone his financial analytics skills and knowledge, which will prove invaluable in his advisory role at ECGI.
“We are thrilled to welcome Mandeep to our Board of Advisors. This pivotal moment marks a bold step forward for ECGI as we prepare to revolutionize the luxury equestrian sector. With Mandeep’s cutting-edge expertise in AI and machine learning, we are poised to achieve extraordinary advancements,” conveyed Jamie Steigerwald, CEO of ECGI.
ECGI is a diversified holding company with a unique portfolio encompassing viticulture, luxury fashion, and hospitality. The company is targeting the global $350 billion luxury brands market, focusing on segments that collectively represent significant growth opportunities. Its decision to appoint Mandeep Singh to its Board of Advisors, therefore, clearly indicates its plans to leverage technologies like AI and machine learning to capitalize on these growth opportunities.
For more information, visit the company’s website at www.ECGIHoldings.com.
NOTE TO INVESTORS: The latest news and updates relating to ECGI are available in the company’s newsroom at https://ibn.fm/ECGI
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