Tapestry Nabs Patent for AI Platform Dubbed ‘Mira’

While many retailers are still trying to figure out how to integrate artificial intelligence into their operations, at least one such business – Tapestry, operator of the Coach and kate spade new york chains – is going all-in on AI. Want proof? Look no further than Tapestry’s being awarded a U.S. patent for Mira, a proprietary AI platform that’s designed to connect data throughout the company to enable rapid, enterprise-wide decision-making.

The patent includes the core system architecture and marks Tapestry’s first AI patent and second technology patent overall, the New York retailer said in a news release.

“Our teams bring deep expertise, human judgment and creativity; Mira provides business intelligence to help our teams move with speed and agility,” said Fabio Luzzi, Tapestry’s Chief Data and Analytics Officer. “Together, that combination becomes a structural competitive advantage.”

Used alongside Tapestry’s patented Global Data Fabric, Mira connects key data sources from across the company and can perform rapid and actionable analysis to create insights, inspire innovative thinking and support informed decision-making.

What previously required days of manual analysis across multiple dashboards can now be accomplished in seconds to minutes, the company said. “The potential use cases are plentiful, and Tapestry teams are already leveraging Mira to enhance assortment planning and inventory management and respond even more quickly to emerging consumer trends,” the company said in its news release on obtaining the Mira patent.

Unlike off-the-shelf AI tools, Mira was designed by Tapestry’s Data and Analytics team with support from key business partners across the company to ensure the platform aligns with brand strategy, operational priorities and financial discipline, the company noted. “Mira is built with the language of retail and fashion in mind, learning from institutional knowledge and functioning within a secure, enterprise ecosystem with role-based access controls embedded from the start.”