Author: trakaidrev

It is undeniable that the technological revolution has made life easier for us. We can now meet our loved ones whenever we want without any hassles. Driving on the road has also become safer and more convenient with smart home integration and reliable GPS systems.

With things changing so rapidly, it is no surprise that parking systems have updated themselves to become more tech-oriented. Thenew smart parking technology is equipped to let drivers locate the nearest parking spot and pay for it digitally. Not only that, but these smart parking systems are also opening new doors to generate higher revenue.

Before we delve further into this topic, let’s take a look at what is smart parking and how smart parking generates new revenue streams for different stakeholders.

What Is Smart Parking?

Smart parking is a new way of parking that combines technology and human innovation to achieve quicker, easier, and denser parking of vehicles with comparatively fewer resources ( fuel, time, and space). The strategy is based on the fundamental ecological principle – we are all connected.

How Does Smart Parking Generate New Revenue Streams?

1) Parking Apps

With the help of seamless parking apps, drivers can directly receive the parking information on their phone. Since they will be paying a certain amount to access the information, this will generate a revenue stream for parking lot operators. The smart parking technology also combines various data sources into a single set of data for accurate parking guidance. Data providers can charge for this information, hence smoothening the parking process and generating more revenue.

2) Data Analytics

There are various smart parking softwares that offer data analytics to help operators with policy and pricing. With the help of such IoT-informed technology, operators will have to face fewer revenue leakages and accurate accounting for usage. Such tools can be put to use by city administrations and operators for efficient and hassle-free of parking across the city.

3) Payment Through Mobile

This aspect is beneficial for mobile operators who can generate revenue by charging users a small commission on mobile payments. In addition to that, operators can also adjust the reservation fee according to the demand for the parking lot at the moment.

4) IoT And Mobility Players

The thing about smart parking is that it relies heavily on sensors, cameras, RFID technology, license plate readers, and mobile payment options to make parking a smooth experience for users. Parking operators nowadays use Mobile IoT to cover a wide area and transmit information from sensors to a centralized database. This provides an opportunity for IoT and mobility players to up their game and generate a lot of revenue.

5) Parking Operators

Not losing money is also an aspect of generating revenue. For operators, implementing smart parking strategies in their parking means improved operational and management efficiency. Since the traditional method of manual operation often results in leakages and inefficiencies, smart parking help reduce the inadequacies. Operators can also leverage customer data to employ dynamic pricing, and henceforth, generate more revenue.

6) Municipal corporations

Smart parking systems help governments enforce and identify violators easily. This automatically increases the collection of fines, which is another way of generating revenue. Not only that but the dynamic pricing and accurate billing done through IoT sensors is also beneficial for cities, especially those who have on-street parking where parking time is hard to measure. Through IoT technology, authorities can get real-time information on the parked vehicles and send the bill directly to charge the drivers.

Learn more about smart parking technology from our experts! At Trakaid, we offer RFID technology-enabled smart tracking solutions for non-gated commuter parking lots and residential area street parking. Contact us at 1-(203) 925-8388.

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Amongst all the location tracking technologies in the market, Radio Frequency Identification is a groundbreaking innovation! RFID technology has empowered businesses with the ability to streamline their processes, mitigate losses, and increase overall efficiency. In fact, RFID is also one of the key technologies in the Internet of Things.

The Anatomy Of An RFID System

RFID architecture is actually composed of a number of crucial components or technologies including:

• A range of hardware selection including:
• Fixed, handheld, USB, or other types of RFID Readers (also called Interrogators) that can read and record tags within their range.
• One or more Tag Antennas and Reader Antennas that facilitate identification of tags from a remote distance and decrypt the waves into comprehensible digital information.
• RFID Tags or information embedded chips, which can be either Active or Passive.
• A specialized RFID Software application that is compatible with both the hardware items and the tags. Also referred to as Middleware, the software processes the data transferred from the reader to the system and offers actionable insights.

A number of significant advancements in RFID technology have made it even more accessible, making RFID a prominent choice for location tracking in businesses. RFID tags (both active and passive ones) are now available in highly economical ranges, and the readers also provide longer read ranges! Several industries such as transportation, retail, healthcare, and defense are employing RFID technology for its data accuracy and tremendous ROI value.

An RFID System

Keeping track of both fixed and mobile assets in real time is important for virtually every business. However, the technology best-fit for the job comes in two flavors: Active RFID and Passive RFID. Like any innovation that enters the market, the confusion around its viability and the complex choices it presents can be perplexing for anyone!

If you are also seeking some clarity on how similar or different active and passive tags are, here’s some insight to help you comprehend which of the two radio frequency technologies is right for your application.

Active RFID Vs. Passive RFID

In both Active and Passive RFID technologies, a tag and a reader communicate through radio frequencies. However, each has a different method of powering the tag. Simply put, an active tag has an internal power source (usually a battery) for its RF communication whereas a passive tag does not have its own source of power and depends on the RF energy transferred from the reader for activation. This explains why passive tags are smaller in size and more expensive than active tags.

Once the tag receives the signal, it generates a response and sends it back to the reader on a different frequency level. This response generation process is called backscatter. Once the reader detects the backscatter, the change in the electromagnetic or RF wave, the interpreted information is presented to you via the RFID software.

Active RFID

An active RFID tag (also known as a beacon) is composed of a battery and an active transmitter, allowing it to transmit its own signal. Since active tags don’t depend on the reader signal to broadcast a response, the tag in an active RFID system can capture even the low-frequency signals and generate a response of a much stronger frequency. As an active tag is constantly active, the response time is shorter, and the active tag can be programmed to send periodic beacon messages to the reader, or in some cases even other tags.

Passive RFID

The battery-free passive RFID tags depend on the electromagnetic waves to draw power and generate a response. A passive tag needs certain signal strength for activation. The farther the reader is, the weaker will be the signal, which will in turn impair the ability of the tag to draw ample power. Both the reader and the tag have to be present within the read zone to communicate efficiently.

A Comparative Analysis

Application & Range:

Passive RFID system is a good choice for item-level tracking over short ranges. Inventory management, goods tracking, near-field card access, asset or document location, and theft prevention are some of the areas where you can significantly benefit from passive tags. The read range of passive tags is not more than ten meters. Hence, the scaling of an entire system can be done by employing a few readers at certain distances.

If you require monitoring for your entire commercial building or long-distance transits, an active RFID system is your best bet! Active tags usually have a scalability of over 100 feet distances. Thanks to the excellent read ranges of the readers and large memory of tags due to an onboard power source, active tags can be either read-only or read/write with higher storage capacity. You can also modify the data stored in tags easily by the reader. Active tags are ideal for situations that demand long-range scanning such as access control, equipment monitoring (e.g., the service status), as well as logistics.

Cost Of Tags:

If the cost of tags greatly influences your decision of investing in RFID technology, passive tags will fit right in your budget. Passive RFID systems generally have lesser technologies including a reader, antenna, and tags. The system can function efficiently at all frequency levels within its limited read zone.

Longevity:

Since passive RFID tags don’t have a battery or a transmitter, they are smaller in size, lighter in weight, and are easier to attach. Such favorable qualities of passive tags make them virtually last forever.

On the flip side, active tags have a lifespan of three to five years. In certain applications, active tags can even last up to ten years. Although active tags rank lower than the passive ones on the scale of longevity, actives tags boast a better battery life than many other real-time location systems (RTLS) such as ultra wide-band and WiFi.

Environmental Constraints:

Passive tags can withstand high temperatures and challenging, rugged environments. Since passive tags don’t carry batteries, it is easy to seal them for successful application in tough cases or surfaces which are otherwise difficult with active tags. However, technological advancements have improved the functional efficiency of active tags in various harsh environments. RFID tags can be designed to your specific situation at economical prices to deliver the performance you want!

Scalability and functionality are two major criteria that define your choice of RFID tag. You can even choose to have both active and passive RFID technologies work in tandem according to your tracking requirements.

If you are considering deploying an RFID system to manage your business operations, contact Trakaid for a professional consultation service today. We boast a long-standing experience in deploying RFID technology to help businesses optimize their assets for better performance and longevity.

There is no surprise that IoT is growing at an exponential rate. From vehicles to wearable gadgets to software advancing past a basic function, IoT has been slowly integrating itself in various aspects of our life. We can’t deny the fact that we have more connected gadgets in our home today than we ever did before. In many ways, the Internet of Things has really changed the way we live, and it will keep doing so in the next few years.

Today, developers are constantly finding new ways to exploit this technology. Knowing this, it will be interesting to see what 2019 has in store for us. As per industry leaders, this year is going to bring emerging trends that will set the trajectory of IoT for decades to come.

Here are a few reasons why this year will be the year of IoT devices!

1) Excessive Connectivity Across All Boards

Have a look at the IoT market and the connectivity statistics, and you will know what the fuss is all about. According to IDC, IoT spending will experience an annual growth rate of 13.6% in the timeframe of 2017-2022, leading to a $1.2 trillion spend by 2022. This means that there will be a rapid increase in the connectivity of digital signals in the future.

Expect our homes to be more connected this year. Although we all know about home assistants like Apple’s HomePod and Google Home, home connectivity is certainly not limited to these devices. Many companies are now endeavoring to bring connectivity to traditional home durables as well. Samsung’s smart refrigerator is the latest example of that!

2) Penetration In The Health Care Industry

With an upsurge seen in the IoT field, it won’t be long before the major industries start implementing this technology in their work process. In fact, it has already begun! Just look at the healthcare industry. You will find advanced Apple devices such as the new Apple watches that are adequately equipped to monitor your health.

Be it smartwatches or digital pills, companies are continuously looking for ways to use this technology to regulate our body functions and influence our health. In 2019, there is a high chance that companies like Google will embark on greater projects to infuse connectivity with medical science.

3) Increased Cybersecurity

While there is no doubt that IoT is transforming our world, it is also making us vulnerable to hacks and security issues. This is going to change in 2019! Many hardware manufacturers like Cisco and Dell are now focusing on coming up with better and more secure edge technology. Now security vendors will not only be able to offer effective endpoint solutions to prevent data loss but will also give insights into threat protection.

Moreover, consumers will become more aware of how much their world is connected. This will result in the public and the government to call for more effective hack prevention options. No doubt, we are likely to witness more regulatory entities proposing and enforcing new regulations.

4) Growing Customer Expectations

We are already becoming habitual of IoT in some ways. We all know how to track our packages, from the beginning until the delivery. Since consumers are getting more aware of greater connectivity, they will start demanding increased visibility in the upcoming years. They would want to know more about the product and how it is going to reach them. Thanks to IoT, we may be able to see more clarity in the dealings between customers and supply chains.

5) Increased Use Of Smart Device Applications

You don’t have to be a techie to see how IoT is influencing our world. From Amazon’s Alexa to Google Home, we are surrounded by smart devices, and they are actually here to stay! Smart technology has already made our security system far more capable than before. So, it will be interesting to see what other areas it will impact this year. Many experts have predicted a sharp rise in smart devices across various areas, including automotibles, transportation, healthcare, and more.

Another anticipated technology this year is 5G networks that will usher a new era in the telecom industry. It will enable us to gather, manage, and analyze a large amount of data in real-time.

6) Focus On Artificial Intelligence

In 2019, IoT experts are expecting to realize a particular milestone in the technology industry, i.e. enabling artificial intelligence. Many organizations have already built their networks, and AI is supposed to fill the gap between collecting the data and utilizing it. No wonder, many companies find it more profitable to invest in artificial intelligence rather than investing in more sensors.

7) Rise Of Big Players

The competition between the industry giants is expected to intensify this year. You will see companies like Microsoft and Google competing with each other to introduce the best IoT devices. With big players going against each other, small companies will focus on the niche areas to survive in the race.

Many companies are also testing new IoT devices for refrigerated container monitoring. One such company, Orbcomm, has come up with cellular-based CT 3000 and CT 3100 units that can be plugged into the reefer units of containers. This results in two-way access to sensor data and GPS location information, helping transport companies to adjust conditions remotely by just using a software program.

However, this is only the tip of the iceberg. We expect to see even more advancements in 2019 and the upcoming years. This year is surely going to be very pivotal in terms of connectivity and IoT technology.

No wonder, IoT is the talk of the town, given how much potential this technology holds to automate and connect our world. Short for the Internet of Things, IoT means empowering ‘things’ around you with the capabilities of the ‘internet’ leading to greater connectivity and data sharing. In doing so, it is bridging the gap between the digital and physical worlds and making human life simpler and more secure.

In today’s internet-dominated era, IoT has permeated our lives in more ways than one. It exists in every industry and is now revolutionizing our every-day interactions with cars, homes, appliances, and a plethora of lifeless objects. In fact, IoT has breathed new life into these ‘dumb’ objects, so to speak! You can now see them connecting with other gadgets, and generating, analyzing, as well as sharing mounds of data now and then, whilst notifying you on your smartphone for all matters significant! This is made possible not with any cable or wire but with a peripheral sensor and smart software that detects and acts on environmental and other factors independently.

So, where do you see IoT? Read more to understand what benefits IoT has to offer!

IoT in Wearables

Wearable technology is being hailed as an emerging milestone of the Internet of Things for its potential to improve human lives. A smart wristwatch is currently the biggest innovation in this category. In coordination with your smartphone, this watch provides you with data on your wrist in real time.
Some of the roles these watches are already playing are related to security and identification as well as health and fitness. When hooked with a sensor with biometric capabilities, these watches can sense location, send out signals in emergencies, and come with security features such as fingerprint activation.
As health monitoring equipment, smartwatches can help you reach your health-related goal by providing important health-related information. More complex measurements such as vital levels can help doctors expedite healthcare treatments during emergencies.

IoT in Automotive Industry

The automotive industry is the most visible and the first example of the Internet of Things as cars are rapidly becoming upgraded with sensor and software. Connected vehicles are capable of sensing, analyzing, and making decisions based on the information collected from the environment. IoT embedded vehicles can make the roads safe and facilitate smoother flow of traffic despite the human error. Some of the IoT features that we see in today’s vehicles are smart driving assistance, cloud-based infotainment solutions, real-time fleet management, predictive vehicle maintenance, driver safety systems, and more!

IoT in Retail

The benefits of IoT for retailers are endless. Whether it is your online store or an offline one, embedding your retail operations with innovative IoT solutions can allow you to create better and personalized experiences for each individual customer. You can make buying decisions easier and more fulfilling. IoT-upgraded beacons, smart mobile payment options, as well as analytical tools for accessing each customer’s preferences and crafting personalized discounts – these, are some of the capabilities that come with IoT. By deploying smart IoT solutions, you can build lasting relationships while improving your business revenues.

IoT in Home Automation

With IoT, the vision of a smart city is clearer than ever. By automating our personal spaces, we can not only make our surroundings safe and secure but can also improve our lifestyle by assigning a lot of our routine tasks to our gadgets and appliances. It is quite human to forget switching the lights off or even locking your door before leaving your property. But with a smart home, you get the ability to configure and control your home remotely at any time.
IoT allows your appliances to connect with each other and one good example of this interconnectivity – that is present in most American households – is a thermostat. A smart thermostat helps your HVAC systems maintain a comfortable environment in the home.

IoT in Transportation and Logistics

Whether by air, sea, or road, transportation and logistics impact almost all the aspects of businesses as well as human life. Hence, real-time access to data is significant. This is now possible by deploying customized IoT solutions. IoT can facilitate smooth and safe movement of both your people and cargo by streamlining various processes and improving operational efficiency. By deploying the right IoT solution, you can link all your devices with a centralized cloud network. This allows you to gain real-time visibility of your assets and operations as well as collect and share important data on a large scale.

Though we’re smack in the middle of IoT development, IoT has already become a technology that is transforming the way we live, work, and communicate. Thanks to the countless ways that the Internet of Things has revolutionized our world, the term is now becoming a popular parlance in every sector. It is exciting to know that the future of IoT holds endless opportunities to make our lives comfortable, secure, and fulfilling!

Regardless of the size of your business, everyone has a universal need for effective asset management and tracking. You want to know which assets are owned, who they’re being used by, or where they may be located. This is something that business owners across the globe need. Without effective tracking, the companies’ assets are incredibly vulnerable. And if that wasn’t bad enough, time spent searching for critical equipment can lead to expensive delays or downtime, missed deadlines and customer commitments, and wasted labor.

Traditionally, this problem was solved using serial numbers and large, unwieldy spreadsheets. As technology evolved, barcodes were the norm, allowing employees to keep track of a multitude of items with simple handheld devices. However, due to barcodes requiring line of sight reading ensured that employees had to be adept at gymnastics. Climbing ladders, crawling under desks, angling their arms a certain way – these were all par for the course when employees had to take inventory.

Thankfully RFID asset tracking technology takes care of this issue. By using electromagnetic fields to transmit data, this asset identification and tracking system makes life easier.

Wondering how that’s possible? It’s simple, really! An RFID asset tracking system is made up of three components –

1. Asset Tracking Software
2. RFID Tags
3. RFID Readers

These three components work together to track assets and can be customized to address the needs of any business environment. Whether you are talking about office equipment in a multi-story building, tools and equipment in a factory, or pumping equipment in far-flung oil fields, RFID can provide accurate, real-time tracking data of your assets.

What’s even more impressive is that installing and using an asset tracking system is reasonably straightforward. You don’t need to be a rocket scientist to use a system that allows you to know exactly where your assets. Here’s how easy and simple it is to use RFID based asset tracking –

STEP 1:

Specific RFID tags are physically placed on your valuable assets.

STEP 2:

RFID readers are tailor-fit to your business environment and installed at strategic points so that they can “read” the signals being broadcasted by the RFID tags.

STEP 3:

The RFID tags assigned to your assets are imported into an asset tracking software. This software allows you to track and locate specific assets on-site from a laptop, remotely on your web browser, or even while on the go using your mobile device.

Another important facet of RFID asset tracking is the sheer variety of tags available. While early versions of RFID technology were limited in the types of environments they could be used in, thanks to technological advances, this is no longer an issue. Now a plethora of tags can be found that can be used in all sorts of locations. These days, you can find tags that can be used for wet environments or on metal assets, and even tags that can survive exposure to extreme temperatures, chemical contaminants, and other harsh environments.

In the interest of keeping it simple, however, we can split RFID tags into two broad categories – Passive Tags and Active Tags.

Passive tags are typically smaller and less expensive than their counterparts, but also suffer from a shorter read range. Since they do not having a power source of their own, they need to be powered by the radio frequency transmitted by RFID readers and antennas. However, thanks to their flexibility and cost-effectiveness, these tags can be attached to a much broader range than active tags.

Active tags, while being larger and more expensive than passive tags, are not as sturdy. These tags, which can have a read range of 100m in some instances, have a much shorter lifespan. However, thanks to their built-in power source, which is generally a battery, they can be attached to sensors that measure conditions like light, humidity and temperature. This ability makes them popular in harsher climes.

The profound versatility promised by RFID asset tracking, to say nothing of the ease with which it can be implemented, makes this a must-have technology in the business world. The ability to continually monitor your assets, in a multitude of locations and environments allows you to breathe a sigh of relief and focus on the more important things.

RFID technology is experiencing a rapid growth in the modern consumer driven world. Trakaid is the chief provider of a world class RFID experience. Trakaid has allowed manufacturers to work more effortlessly while increasing production and keeping costs down through the use of RFID technology. This relatively new technology has paved the way for industrial expansion because of its easy applicability and comprehensive accuracy. Most businesses are transferring over to the RFID platform for better logistics, asset tracking, and supply chain management. This new paradigm shift is revolutionizing industries, helping them reduce costs and double efficiency.

Here are 4 factors as to why Trakaid has helped and is helping play a pivotal role in revolutionizing industries through superior RFID technology.

Greater Information Reach

Unlike barcodes, RFID tags can store a comparatively larger volume of data in respect to a specific product or unit. Moreover, these tags provide the exact location of a particular product and they also have inbuilt memory power that can store more than just a product code or serial number compared to barcodes. This can definitely increase industrial productivity and improve the quality and transparency of data across various supply chains.

Implementation of Complex Manufacturing Processes

The ability for businesses to absorb, accommodate, and process a higher influx of changing data and information is high in demand. This is where RFID’s genius comes into play. RFID can be used to accurately and reliably read and write data directly to a tag on an object in exact REAL TIME. Industries can leverage this dynamic prospect to make flexible manufacturing a true reality!

Increased Efficiency & Zero Re-Work

The most significant advantage of RFID lies in reducing the overall cost of re-work. Real-time visibility helps industries and businesses observe and manage close monitoring of processes and products so that expeditious action can be taken, improving efficiency with impeccable laser point precision. This helps industrial expansion thanks to higher retention of profits and overall greater business efficiency.

Reduction of Time Spent On Inventories

Various companies still follow the old school style of manually counting inventory. Manual counting can be inefficient, time-consuming, and outright tedious. RFID completely removes and eliminates the hassle of hand scanning units and products. This results in a significant improvement in tracking inventory and locating the whereabouts of consignments. This directly impacts customer experience which eventually boosts sales manifold.

Trakaid, through RFID, has established a digital trail that quickly allows you to access your asset quantity, delivery, and location 24/7. Trakaid also brings to you the latest in RFID news and technology. If you are looking to eliminate fake assets from your supply chain and have a 24/7 real-time asset visibility, then choose the brilliance of Trakaid today!

The Internet of Things (IoT) is a computing concept that describes the idea of getting physical devices around us to connect smartly with the internet. The IOT has various applications in healthcare, from remote monitoring to smart sensors and medical device integration. As the healthcare industry is booming, more and more organizations are adopting IOT technology.

Here is how the medical centers are using or could use IOT for health care-

• Inventory Management – Hospitals can use IoT to track inventory in as extensive a manner as would be required.
• Healthcare Workflow Optimization – The use of wireless infrastructure and tag devices such as wristbands and ID badges, allow hospitals to manage throughput. Moreover, IoT will also allow hospitals to evaluate throughput to locate bottlenecks and resolve them.
• Medical Device Integration- Medical centers are looking into glucometers, blood pressure cuffs and other devices that can accumulate data and statistics on patients’ vital signs. The expectation is to collect that information in a more automated way and apply some decision support rules to that data to enable healthcare providers to intervene on the patients formerly in the process.
• Keeping Patients Safe & Healthy- Hospitals can use the IoT to keep newborns safe and enable nurses to get quick updates as soon as the vital signs of patients change.
• Superseding Doctors’ Visits- The IoT can be used to accumulate data that would normally be taken at a doctor’s clinic. The doctors can later use this data to get a more holistic view of a patient’s health.

What does RFID technology hold for the future?

Over the past 19 years, Internet of Things has risen to be a worldwide term for all connected things as part of the cyber-physical industrial revolution, whereas RFID technology has taken a back seat to connected sensors. However, the future of RFID looks promising.

RFID in healthcare services will be a significant aspect of the future as the future of IOT in healthcare is limitless. It is well known that RFID technology has the potential to save healthcare organizations time and money by offering real-time traceability, communication, identification, temperature, and location data for people and resources. There has been a slow and steady adoption of RFID technology; and along with increased adoption of RFID technology, new technologies will help make RFID more dependable and cost-effective for a higher number of applications. For instance, in the future, we will be able to place RFID chips in the human bodies, holding the medical histories of the people. Such advancements in the healthcare industry are only a few decades away from us.

So the future of RFID is here, and end users should be finally ready to leverage these innovative technologies and prepare themselves for increased use of RFID and its applications.

RFID can benefit your logistics business through a multitude of unexpected ways! RFID technology is increasingly becoming a favorite for the retail and logistics inventory. To put things into better perspective, RFID is technically superior to the rudimentary barcode system on all of your grocery items, or the magnetic strips on credit cards. The difference is that by using RFID, you are deploying state of the art technology to locate the whereabouts of assets with real-time accuracy!

Logistics companies use RFID to efficiently keep track of their extensive distribution network of trucks and other assets. In fact, RFID can act as a genuine solution for creating an everyday up-to-date list of items that have been put into and removed from logistics vehicles.

Here are specific ways in which RFID can help revolutionize your logistics business:

RFID Increases Business Efficiency

RFID in asset tracking management is becoming a must-have technology in the competitive business world. Mismanagement, misplacement, and loss of assets caused by inefficient systems have troubled businesses for a really long time. RFID provides you with more time for business because it requires a lot less monitoring than its previous counterparts. Multiple RFID tags in logistics can be read at once, meaning assets can be handled with much more efficiency.

RFID Mitigates the Chances of Errors

RFID is a full-blown automated technology that requires zero human intervention. This drastically mitigates the chances of errors and perpetuates systematic management of resources. By eliminating manual processes and replacing them with a systemized means of technology, logistics companies often get better and more accurate results!

RFID Synthesizes Real-Time Data

RFID equips you with the ability to track your inventory and products with real-time data. Having real-time data helps companies become well informed about the movement of their assets all the time. Real-time data leads to effective decision making and ultimately better business solutions for companies. Companies are considering RFID in asset tracking as a brilliant way to build their business and brand.

The bottom line is that RFID bolsters a company’s control over its assets 24/7, escalating business accountability by having a remarkably clear grasp on asset utilization. By choosing RFID tags in logistics, asset management has become highly efficient and lucrative for companies at any particular scale. If you want to fuse your logistics business with an excellent asset tracking mechanism, them RFID just might be your pick!

BENEFITS OF RFID TECHNOLOGY

One of the best things for your firm is to become IT friendly. Today, some of the most widely used technologies are RFID. The technology may not be new, but its widespread demand is increasing at a fast pace in every industry.

RFID systems are extremely secure as they have a read-write option, which means that the data can only be read and modified by authorized users. Unlike barcode labels, there are no hard and fast rules as to where a RFID tag should be positioned.

RFID technology can reap huge benefits in the patient, people and products tracking, especially within the supply chain, manufacturing sector, and retail business.

Supply Chain

Managing a supply chain involves various aspects such as marketing decisions, corporate strategies and goals, and customer demands. What may seem like a complex process can be implemented easily with the help of RFID Technology, thus, benefitting the firm significantly.

RFID technology is not a mere replacement for barcodes. It ensures that all your goods are present at the right place and promises zero errors. It guarantees to make your supply chain more precise, efficient and reliable.

Manufacturing Sector

RFID Technology makes it easier for you to implement flexible manufacturing processes. It helps you to stay competitive by enabling you to manufacture more from the same production line.

RFID Technology gives you flexibility in the content and delivery of data to many manufacturing cells. RFID Technology helps you manage the inflow of constantly changing data while you aim at increasing your production.

Retail Business

RFID Technology allows retailers to record a variety of information including quantities of stock along with their precise location. Retailers can also keep a record of their inventory, identify lost or misplaced products, and replenish stock.

Consumer Research can be revolutionized with the help of RFID Technology. Retailers can track the movement of customers in the store by linking their debit/credit card payments to RFID Systems. The same process can be used for inventory tracking.

RFID Technology provides you with unique solutions to the complex logistical tracking of inventory, equipment, patients, products or even people. In applications where optically based systems fail, the read-write property of RFID systems comes to the rescue.

Getting hold of RFID Technology is not difficult. It is stable, constantly evolving, and easily available at competitive prices. In comparison to a barcode reader, RFID labels and tags are far more developed when it comes to technology. They can withstand harsh environmental conditions, do not have to be placed precisely in one location and most importantly, offer a portable database.

Gain greater cost and time efficiency with automatic data capture and detailed reporting. Contact TSP LLC to enquire about RFID Technology and how it can benefit your business.