Among different technologies contributing to industrial transformation, RFID has had the most successful turnaround across different sectors and versatile applications. Throughout the last decade, RFID has grown popular over time. Many brands currently consider RFID to be the right technological choice for identification, tracking, and quick information exchange among many nodes.
Making a decision to go through a technological transformation is a strategic one with many different pieces. This article is a checklist of different benefits and applications to help evaluate the potential of RFID implementation.
Potential advantages of an RFID system
RFID can be versatile with its application and is often used for a huge spectrum of applications. Here are various advantages offered by an RFID system across different industries:
- Increased productivity and efficiency of operations:
Inefficient processes and workforce allocation can directly result in higher investments and lower returns. This lack of productivity eventually reflects in higher lending costs as well as poor quality of operation.
- Insightful overview of the entire system and assets:
RFID has a core advantage over other technologies when it comes to identification or traceability. Therefore it allows users a complete overview of the system with useful insights on potential roadblocks.
- Optimum utilization of assets and resources: Complete tracking and control over assets and employees allow the administration to make the right call. Through RFID based overview, a user can make necessary changes in the existing system for higher efficiency.
- Delivering an excellent customer experience: A lot of RFID based applications revolve around the end goal of creating an excellent customer experience over time. For such applications, RFID is often used in the supply chain, production, selling, and even post-sales activities.
- Mitigating roadblocks such as scarcity, failures, or maintenance needs. RFID solutions can help businesses identify, understand, and predict unknowns, allowing them to mitigate any such challenges in advance, ensuring smooth engineering, production, selling, and purchasing experience.
- Enforcing accurate protocols and regulations: for large scale industries and markets, it is inconvenient to monitor and audit every single operation. Such complexity of enforcement can result in a breach of protocols and compliances. RFID can help apply regulations through automated standard procedures and tracing.
- Security & access to assets or manpower: Access control and history are two of the best ways to ensure security in any work facility across industries. RFID based employee tags are the simplest example of such security practices, offering excellent reliability.
Industries that can benefit from RFID
RFID solutions are already implemented in most industries and serve many different applications. However, there are a few industries where RFID has created exceptional value for businesses. Here are some of the industries that can rely on RFID for their technological advancements:
- Production, Manufacturing, & Assembly
- Retail businesses
- Inventory, Warehousing, and Logistics
- Healthcare & Wellness
- Traveling & Hospitality
- Import & Export
- Advertisement & Marketing
These are some of the industries that should implement RFID based solutions sooner rather than later to remain competitive and deliver better results. If an application meets the shown advantages and most beneficial industries, then there’s a good probability that RFID characteristics can create significant value. One should definitely verify such relevant proven results before making an investment.