This paper explains RFID technology and its emerging business applications. The paper also identifies market drivers and needs for RFID technology in current global business landscape. RFID technology is evolving as a major transformative technology for enhancing competitiveness of business. It also helps the business for tracking goods and assets. For example, it can help hospitals locate expensive equipment more quickly to improve patient care, pharmaceutical companies to reduce counterfeiting and logistics providers to improve the management of moveable assets. This paper focuses on many real life diverse business application of RFID across the globe. Paper also underlines business benefits of RFID deployment. Paper also estimates future growth potential of RFID.
Available at: http://works.bepress.com/madhani/77/