RFID
RFID Talk Blog

New study reveals increased RFID adoption

A survey of more than 100 companies reveals that 34 percent of organizations are using, piloting, or already in the process of implementing RFID technology – representing a 21 percent increase over a similar study conducted by CYBRA Corp. in 2008.

Greater inventory accuracy, increased profits and improved efficiencies were the three primary reasons mentioned for deploying the technology. Of those using or implementing the technology, 80 percent say they will do so because of  EPC (Electronic Product Code) compliance issues and also to maximize profits.

Improved inventory accuracy (60 percent) and EPC Compliance (55 percent) remain the top two business drivers for RFID adoption. Those who cited EPC compliance as a driver for deployment (24 percent) also cited item level tagging as a current initiative.

Almost half of survey respondents say that the ROI is now less than two years due to reduced labor costs from RFID, much improved inventory accuracy, and the fact that software, tags, and hardware are now less expensive.

Click here to view the entire report.

Tomorrow, we write about an exciting new asset tracking application.

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