The evolution of technology has always been something rather poetic to think about, we encounter a problem so we devise a solution to said problem. After that we come up with a better solution and then we continue to improve upon that solution, because something working as it is meant to is not a signal that we should stop trying to develop or improve something. Take a look at inventory tracking and management, originally it could be a very tedious task involving stacks of paperwork and making sure you had it all in order. Now? We have Radio-Frequency Identification, (RFID).

RFID technology isn’t exactly a new technology by any definition, but it’s effectiveness and frequency of use is becoming better and bigger respectively. In fact, it was first conceptualized by the Soviet Union in 1945. It did not see common use until they were used in electronic toll pass systems to help states collect tolls from drivers. As expected, the uses for RFID today extend far beyond the collection of road and highway tolls.

RFID is useful because it has the ability to store many kinds of information, but without needing a power source to read the information. Passive RFID tags are powered by the radio waves of an RFID tag reader, which allows us to use RFID in everything from inventory tracking, shipment tracking, toelectronic locks, that only open when the correct information is scanned by the reader in the lock. RFID has uses in a large and varying array of industries and is only going to grow. In 2014 the market for RFID was just under 9 billion dollars. By the end of this decade its market is projected to double . It is a rapidly growing market and the companies that leverage this technology, will realize the increased profitability and increased control of their inventories, shipments, and security.

Listed below are just some of the uses for RFID technology:

  • Inventory Tacking
  • Tracking of Shipment
  • Security Access
  • Tolls and Payments like with credit cards.
  • Tracking and locating personal items.
  • Medical Devise and Treatment Tracking
  • Sporting Event Access and Fan Behavior Analysis