Global revenue from radio frequency identification tags is poised to grow from US$300 million in 2004 to US$2.8 billion in 2009, according to a study released Wednesday by market research agency In-Stat.
Microsoft is out to take a more formal role in the development of radio frequency identification technology.
Sun Microsystems will open a facility in Europe where companies can test their radio frequency identification systems.
Not many people may remember this, but Phil Donahue was one of the digital age's first technophobes.
Despite companies such as Wal-Mart introducing cross-company supply chain RFID, most enterprises are keeping the track-and-trace tech within the family, according to one RFID vendor.
In 10 years almost everything will be tagged, say the experts. So what are these little chips that are soon to be so pervasive, and how will they take over your business?
Despite its clear benefits in stock tracking and the success of early, isolated pilot tests in tracking high-value assets, RFID technology is still spinning its wheels as ongoing high costs and unclear return on investment continue to keep once-enthusiastic customers away in droves.
Some of the largest commercial outlets in the United States and abroad have established requirements for their suppliers to begin using radio frequency identification technology before the end of this year. Yet finding a company willing to admit where it stands with RFID is often an exercise in listening to dead air.
Radio frequency identification has the potential to revolutionise supply chains of retailers the world over. However, for a 20-year-old technology, it still has significant teething problems.
Companies are rushing to get to grips with the possibilities presented by RFID technology, without stopping to consider the pitfalls and the limitations, the Meta Group warned. Additional reading: Process Improvement tips
Retailers may love the concept of tiny radio tags for tracking products, but consumers should beware the potential for exploitation by corporations, criminals and the government.
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