IoT
IoT
Software // Information Management
Commentary
3/15/2004
09:58 AM
Ted Kemp
Ted Kemp
Commentary
50%
50%
RELATED EVENTS
Core System Testing: How to Achieve Success
Oct 06, 2016
Property and Casualty Insurers have been investing in modernizing their core systems to provide fl ...Read More>>

RFID Will Go Only As Far As BI Takes It

RFID data is only as good as it is actionable. That's where business intelligence will come in.

These days the business technology illuminati love talking about radio frequency identification technology, and when they do, their conversations are usually limited to a few subjects: how much RFID tags cost, how data yielded by the technology will benefit businesses, and how industry will navigate the privacy minefield RFID presents.

But data is only as good as it is actionable. That's where business intelligence will come in.

Imagine this: There are retail and consumer package goods companies out there that hope to someday individually identify every item -- not every product type, and not every brand name, but every item -- that they sell. The result will be a supply chain efficiency and marketing bonanza.

Or so it's hoped. RFID is in the very early going, and there's been little talk about how companies will store, integrate and analyze such a monumentally staggering amount of data.

The technology's momentum is undeniable, however, and eventually it'll be the BI professionals who sort through the data quagmire. This week market research firm Venture Development Corp. upped its compound annual growth forecast for the RFID market to 37 percent through 2005.

Right now, a handful of companies including Procter & Gamble, Wal-Mart, Target and, most recently, Albertsons are pushing RFID's adoption. The industries exploring RFID, however, go beyond retail and CPG and even beyond the private sector. Of course, where the technology buyers lead, the technology suppliers usually follow. Also this week, IBM announced an acquisition - of Trigo - that it hopes will help position it in the forefront of the RFID market.

Comment  | 
Print  | 
More Insights
Comments
Oldest First  |  Newest First  |  Threaded View
The Agile Archive
The Agile Archive
When it comes to managing data, donít look at backup and archiving systems as burdens and cost centers. A well-designed archive can enhance data protection and restores, ease search and e-discovery efforts, and save money by intelligently moving data from expensive primary storage systems.
Register for InformationWeek Newsletters
White Papers
Current Issue
Top IT Trends to Watch in Financial Services
IT pros at banks, investment houses, insurance companies, and other financial services organizations are focused on a range of issues, from peer-to-peer lending to cybersecurity to performance, agility, and compliance. It all matters.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.