Customer, Industry Participant Education Crucial To Succeed In RFID Industry, According to Report

  • Jun 26, 2009

Many entrants in the RFID industry are not adequately aware of its dynamics, as the industry, particularly in Asia Pacific, is still in the early phase of growth. This lack of knowledge hampers their strategizing and it calls for a thorough understanding of the overall requirements and complexities of running an RFID business. Industry participants will have to implement various best practices and learnings to stay afloat and develop business development plans to ensure that RFID becomes a more widely accepted technology.

New analysis from Frost & Sullivan , RFID Best Practices and Learnings, finds that the industry participants' efforts have been catalyzed by end users' growing awareness about the technology's potential benefits and private sector's acknowledgement of RFID as the solution to various inefficiencies related to lack of visibility. All these factors are helping to translate the hype preceding this technology into genuine business cases.

Government involvement in spearheading RFID initiatives could also greatly improve traction and acceptance of the technology.

"Governments in South Korea, Japan, Australia, Singapore, Thailand, and Malaysia are sparing no efforts to promote RFID in various sectors including animal tagging, aviation (baggage tracking), and supply-chain based applications," said Frost & Sullivan research analyst Richard Sebastian. "The governments' initiatives are not only meant to improve the overall efficiency and security in industries but also tag the technology as a vital cog in their countries' development."

However, the RFID industry is still grappling with issues such as the total cost of ownership, making the technology out of bounds for numerous end-user segments. Although there have been gradual price declines, a full-scale deployment is still unaffordable to many small- and medium-scale enterprises (SMEs). RFID stakeholders need to continue focusing on innovation to ensure this technology not only performs better but also becomes more affordable over time.

RFID vendors also need to educate end users about the benefits of the technology -- both tangible and intangible -- instead of solely focusing on lowering costs. As the technology is still witnessing various breakthroughs, it is vital for stakeholders to keep pace with the changes to ensure they deliver sound products, at lower prices. Nevertheless, it is unreasonable to expect the prices to drop significantly over a short course of time.

"Companies intending to leverage RFID's potential need to analyze the market situation and do a thorough cost-benefit and return on investment (ROI) analysis to verify if they can reap significant savings," Sebastian said.

Featured

  • The Evolution of IP Camera Intelligence

    As the 30th anniversary of the IP camera approaches in 2026, it is worth reflecting on how far we have come. The first network camera, launched in 1996, delivered one frame every 17 seconds—not impressive by today’s standards, but groundbreaking at the time. It did something that no analog system could: transmit video over a standard IP network. Read Now

  • From Surveillance to Intelligence

    Years ago, it would have been significantly more expensive to run an analytic like that — requiring a custom-built solution with burdensome infrastructure demands — but modern edge devices have made it accessible to everyone. It also saves time, which is a critical factor if a missing child is involved. Video compression technology has played a critical role as well. Over the years, significant advancements have been made in video coding standards — including H.263, MPEG formats, and H.264—alongside compression optimization technologies developed by IP video manufacturers to improve efficiency without sacrificing quality. The open-source AV1 codec developed by the Alliance for Open Media—a consortium including Google, Netflix, Microsoft, Amazon and others — is already the preferred decoder for cloud-based applications, and is quickly becoming the standard for video compression of all types. Read Now

  • Cost: Reactive vs. Proactive Security

    Security breaches often happen despite the availability of tools to prevent them. To combat this problem, the industry is shifting from reactive correction to proactive protection. This article will examine why so many security leaders have realized they must “lead before the breach” – not after. Read Now

  • Achieving Clear Audio

    In today’s ever-changing world of security and risk management, effective communication via an intercom and door entry communication system is a critical communication tool to keep a facility’s staff, visitors and vendors safe. Read Now

  • Beyond Apps: Access Control for Today’s Residents

    The modern resident lives in an app-saturated world. From banking to grocery delivery, fitness tracking to ridesharing, nearly every service demands another download. But when it comes to accessing the place you live, most people do not want to clutter their phone with yet another app, especially if its only purpose is to open a door. Read Now

Most   Popular

New Products

  • Mobile Safe Shield

    Mobile Safe Shield

    SafeWood Designs, Inc., a manufacturer of patented bullet resistant products, is excited to announce the launch of the Mobile Safe Shield. The Mobile Safe Shield is a moveable bullet resistant shield that provides protection in the event of an assailant and supplies cover in the event of an active shooter. With a heavy-duty steel frame, quality castor wheels, and bullet resistant core, the Mobile Safe Shield is a perfect addition to any guard station, security desks, courthouses, police stations, schools, office spaces and more. The Mobile Safe Shield is incredibly customizable. Bullet resistant materials are available in UL 752 Levels 1 through 8 and include glass, white board, tack board, veneer, and plastic laminate. Flexibility in bullet resistant materials allows for the Mobile Safe Shield to blend more with current interior décor for a seamless design aesthetic. Optional custom paint colors are also available for the steel frame.

  • 4K Video Decoder

    3xLOGIC’s VH-DECODER-4K is perfect for use in organizations of all sizes in diverse vertical sectors such as retail, leisure and hospitality, education and commercial premises.

  • QCS7230 System-on-Chip (SoC)

    QCS7230 System-on-Chip (SoC)

    The latest Qualcomm® Vision Intelligence Platform offers next-generation smart camera IoT solutions to improve safety and security across enterprises, cities and spaces. The Vision Intelligence Platform was expanded in March 2022 with the introduction of the QCS7230 System-on-Chip (SoC), which delivers superior artificial intelligence (AI) inferencing at the edge.