Vijay Subramanian, Chief Analytics Officer at Rent the Runway, speaks about the long-term outlook for big data and corporate leadership at Data Driven NYC in 2014.
“And honestly, to me, this whole hype will all be real and make sense if, in five, 10 years from now, There is, like, C-level execs, more like me, who are, who actually own the data function, own the science function, and if that actually happens, then this whole thing is going to be real, and we're going to be, we're going to rule the world.”
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More from Vijay Subramanian
Opinion
Subramanian: Sizing is only 30% of the online apparel fit problem
“Sizing, I think, is one part of the problem. I actually think it's only 30% of the problem. The bigger problem is, does this dress work for me? Does it actually fit me? Does it flatter me? And I think they're missing the mark by focusing too much on sizing.”
Vijay SubramanianMar 3, 2014▶ 8:34Vijay Subramanian, Rent the Runway // Data Driven NYC 23 // January 2014
AssertionNot checkable as stated
Subramanian: Designer fashion brands do not deeply care about data
“A lot of the brands don't care as much about data that deeply. I mean, they have their own sort of philosophy of how they want to design stuff. They do it six months in advance.”
Vijay SubramanianMar 3, 2014▶ 16:27Vijay Subramanian, Rent the Runway // Data Driven NYC 23 // January 2014
Disclosure
Rent the Runway built custom reverse logistics after finding no software options
“We actually tried to, by the way, buy this, you know, off the shelf. We tried, went out, we looked. No one is doing reverse logistics in this kind of scale, so we had to build everything from scratch.”
Vijay SubramanianMar 3, 2014▶ 12:17Vijay Subramanian, Rent the Runway // Data Driven NYC 23 // January 2014
AssertionNot checkable as stated
Rent the Runway does not make money on a dress's first rental
“As a rental business, we don't make money on the first rental, right? So, I mean, the dresses have to go through many life cycles of rentals for us to make money.”
Vijay SubramanianMar 3, 2014▶ 4:47Vijay Subramanian, Rent the Runway // Data Driven NYC 23 // January 2014
Insight
Shortening garment turnaround cycles directly reduces required inventory capital in rental models
“The shorter that is, the less inventory I have to buy to support demand, basically.”
Vijay SubramanianMar 3, 2014▶ 11:56Vijay Subramanian, Rent the Runway // Data Driven NYC 23 // January 2014
Disclosure
Rent the Runway's 2014 open source stack: MySQL, Mongo, Redis, and R
“Our entire transactional stuff is, is, is on MySQL. We use Mongo for a product catalog. We use Redis to serve recommendations. We use R to do the matrix factorization. Should I touch everything? I think I did. We use tons of Python scripts for parsing the revi…”
Vijay SubramanianMar 3, 2014▶ 17:39Vijay Subramanian, Rent the Runway // Data Driven NYC 23 // January 2014
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