@article{spiler_investments_2023,
	title = {Investments in digital technology advances in textiles},
	volume = {74},
	issn = {12225347},
	url = {http://revistaindustriatextila.ro/images/2023/1/012%20MARKO%20SPILER%20INDUSTRIA%20TEXTILA%20no.1_2023.pdf},
	doi = {10.35530/IT.074.01.202287},
	abstract = {The investments in digital technologies are expected to soon have a major impact on the textile and fashion companies’
sustainability and competitiveness. Motivated by these trends empirical research on investments of the fashion and
textile companies in ICT technologies-based advancement in the Serbian case was provided in 2022. Representatives
of 423 textile and fashion companies were asked about their investments in various digital technologies in the previous
three years and their digital transformation status. The research findings show that investments in cloud computing, IT,
energy management, automation, robotics, and machine learning technologies have a significant impact on the digital
transformation of companies. Most of them reached a medium level of transformation, fewer than a high level, with many
textile and fashion companies just defining digital transformation. The contribution of the research findings to the
investments in the companies’ digital transformation can be seen in the significance of the textile’s digital technology
implementation, which enables manufacturers and retailers to respond directly to market demand by reducing product
lead time and cost, increasing supply chain efficiency and profitability, and promising in terms of ensuring competitive
advantage in the risk and challenging business environment.},
	number = {01},
	urldate = {2023-03-02},
	journal = {Industria Textila},
	author = {Špiler, Marko and Milošević, Dragan and Miškić, Miroslav and Gostimirović, Ladin and Beslać, Milan and Jevtić, Boris},
	month = feb,
	year = {2023},
	pages = {90--97},
}