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In: Economics

Browse the Web and describe three potential new applications not listed in Chapter 08 (Management Information...

Browse the Web and describe three potential new applications not listed in Chapter 08 (Management Information Systems) for RFID technology.

Solutions

Expert Solution

RFID is the acronym for Radio Frequency Identification. The data received through the antenna is recorded with a tag. The reader these data and performs actions as needed.

So let's take a look at some of the common areas of application of RFID:

  • Asset management: Basically locating the assets of a firm. It's far more convenient than manual tracking and firms are increasingly moving towards RFID driven tracking. The tags on the assets helps us to track them in real time with extreme accuracy
  • Logistics: By tagging goods and containers, one can pretty easily know where these are and how much space they occupy in the godown. Kinda similar to the previous point, except that this is more inclined towards the logistical management part rather than the assets.
  • In animal farms: Nowadays RFID tagging are used to keep track of animals as well. Apart from that, the tag acts as a database to store intel regarding the biological details of the animal, including dates of visits made by veterinarians to keep a track on the health as well. The farmer need not memorize or note down any of these data as its very easily accessible

Hope this helps. Do hit the thumbs up. Cheers!


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