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Technology plays a vital role in business. Almost all businesses and industries around the world are using computers ranging from the most basic to the most complex of operations. Over the years businesses have become dependent on technology so much so that if we were to take away technology virtually all business operations around the globe would come to a grinding halt.
Evaluate the use of Radio Frequency Identification (RFID) technology. Your evaluative report should include the following:
a. Briefly explain how the technology works.
b. Explain the business or technical problem the technology is designed to solve.
c. Identify the technology's limitations. Does it create any new problems?
d. Evaluate at least one Organization's implementation of the technology.
e. Assessment of the technology's prospects for success in the marketplace.
You need to use at least THREE (3) references for your assignment. Students are encouraged to use textbooks or journals, articles or relevant websites. Please DO NOT use Wikipedia as a source of information for assignment.
Verified Expert
RFID is Automatic Identification and Data Capture (AIDC) technology which is ascertained to be useful in tracking inventory, animals, and other items with the help of radio signals. The technology consist three main elements including transponder or RFID tag, transceiver or RFID reader and an antenna or coil which are essential for functioning of the technology. The implementation of RFID technology is viewed to resolve many of the issues faced by businesses and has immensely contributed in increasing inventory visibility and accuracy while eliminating delivery errors, scanning errors and shipment errors. Nevertheless, it also has certain limitations which are usually associated with standardization, cost, privacy and security of the system which are viewed to act as hurdle against the widespread use of this technology.
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