The purpose of this paper is to discuss different applications of RFID technology and its implications on our society.
RFID technology can change the way people realize business. Stores can create smart money cards that customer can use to realize their purchases. An industry that utilized RFID to create solution that customers wanted is the water park recreational industry. The enterprise Interlock created RFID tags that can be used by customer to open up lockers and to serve as smart money cards to replace the need to carry cash in the recreational water parks (Lock’em Up, 2010). The smart tags can also be used in these theme parks to identify the age and body specification of children such as height which may prohibit a child from using certain park rides. In the cellular industry companies have the capacity to insert RFID tags inside the mobile phones so that the devices can be used for payment system applications. The integration of the telephony and banking industry can further promote consumerism in the marketplace.
Companies in the logistics business can use RFID tags to tag valuable assets in order to know its location at all times. The tags can be used for security purposes. The prices of the tags have come down a lot which has permitted many companies to take advantage of its applications. In the apparel industry company can keep better track of its inventory which can enabled firm to optimize sales during peak seasons. The total spending in RFID supply chain application in 2007 was approximately $1 billion (Ftc, 2005). Due to value of information many libraries across the United States and Europe are tagging their books with RFID technology. The use of RFID provides manager with a greater level of inventory control precision. This information can be used to improve their purchasing cycles. Some people believe that RFID
New technologies have appeared that have influenced the way many companies perform business. A technology that has taken off and has impacted many industries including the retail consumer…
The author states that for Wal-Mart deployment was slow due to the overwhelming data available for the firm. This overwhelming data was a result of failure to adopt an incremental approach. In comparison, METRO Group, Nestle, and Albertsons each used an incremental approach and effectively succeeded in deploying the technology (RFID).
Radio frequency identification (RFID) tags are computer chips linked to a tiny antenna that is used to convey information electronically through a close RFID reader. The use of RFIDs in health care is a promising progress in IT, but also raises vital legal, ethical and social issues.
The next generation of product identification, RFID has the potential to revolutionize distribution and merchandising by enabling instantaneous tracking of huge volumes of inventory. This will lead to higher sales volume, reduced inventories, more efficient product recalls, and more effective and targeted personal-level marketing.
What Exactly is RFID The Radio Frequency Identification system is composed of minute devices that can be embedded in or attached to products or objects for the sole aim of identifying them over a radio channel. In this regard, the RFID system could conveniently be conceived as the electronic replacement for the traditional bar code, except that in this case, objects can be read easily and more frequently, improving the quality of information on the objects (Karjoth and Paul, 2005, p.27).
RFID is a comprised of small electronic tags which contains a tiny chip and an antenna that "transmit data via radio signal to RFID readers and related hardware and software infrastructure" (How RFID can help optimize 6). This technology is said to have been in existence as early as 1920s.
The general Privacy issues concerned with RFID tags involve - Consumer profiling and tracking which are high in retail segment
The current study tries to identify the advantage and disadvantages of the RFID in the distribution sector from the privacy perspective.
Recently, RFID has found its way into Las Vegas as casinos are implanting the tags in various products. Many casinos will be using new embedded chips that can track players’ behavior, including where they were in the
RFID is a comprised of small electronic tags which contains a tiny chip and an antenna that “transmit data via radio signal to RFID readers and related hardware and software infrastructure” (How RFID can help optimize 6). This technology
e-of-sight scanning, and smart cards require physical contact with a reader, the advantage with RFID-tagged objects is that it can be identified at a distance. RFID systems are also faster and more secure than other Auto-ID technologies. Even though RFID technology is decades
3 pages (750 words)Essay
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