RFID Talk Blog

Businesses begin to deploy Internet of Things-related technologies

The transportation and logistics sector are ahead of most industries when it comes to deploying technologies that will enable them to take advantage of the Internet of Things,  a future world where all items are connected by technologies like RFID.

According to a global study conducted by Forrester Consulting, only 15 percent of respondents have IoT solutions in place; however, 53 percent plan to implement IoT solutions in the next 24 months. Another 14 percent expect to be ready for the Internet of Things world in the next two to five years.

The study, titled “Building Value from Visibility: 2012 Enterprise Internet of Things Adoption Outlook”, was commissioned by Zebra Technologies. It reveals that  21 percent of transportation and logistics respondents already have Internet of Things solutions in place. By contrast, only three percent of healthcare organizations have deployed solutions intended to capture the benefits of the Internet of Things.

Globally, the majority of IT decision-makers are turning to Internet of Things solutions to provide more visibility in the supply chain and improve customer interactions.

“Organizations are struggling to do more with less, to be more productive,” said Anders Gustafsson, CEO, Zebra Technologies. “They actively seek not only smarter ways to track and manage assets, but also insights that can drive new, breakthrough ideas for their organization. At Zebra, we believe every organization has an opportunity to use IoT technologies to illuminate operational events occurring throughout their value chain so they can act upon them to make smarter decisions and inspire innovation.”

RFID pioneer Kevin Ashton first coined the term Internet of Things nearly 15 years ago. Ashton believed that the Internet of Things had the potential to change the world “if we had computers that knew everything there was to know about things” – where is it, how cold is it, what condition is it in.

While we are still in the early stages of broad IoT implementation, enterprises positively view a more interconnected world, with some already seeing the benefits, such as retailers employing item-level tracking to streamline inventory management and reduce costs. As organizations continue to build on barcode and active RFID technologies with real-time locating systems, Internet of Things has the potential to generate data never before possible, spurring new insights, ideas and innovation.

Based on the definition shared in the survey, Internet of Things solutions are smart interconnected devices that provide more visibility into the organization’s operational events. The study shows that many organizations are using technologies such as barcoding, RFID and GPS to gain greater visibility into the location, condition, timing and accuracy of the events occurring in their value chains. These key technologies enable the Internet of Things.

“A new generation of solutions, supported by the power of the Internet of Things, is enabling more effective deployment and management of assets including inventories,” said Gustafsson. “By connecting the physical to the digital, we can generate insights and business intelligence that drive breakthrough ideas in organizations and in the world.”

For example, Gustafsson expects IoT technologies to bolster things like patient identification, enabling healthcare providers access to tracking technologies that help protect patients from medical errors and support electronic health records. Major strides are also expected in inventory management, where retailers use RFID to improve inventory tracking and enhance the shopper experience, and food traceability where food suppliers and distributors have access to electronic traceability to capture information in the event of a major food recall.

DOWNLOAD THE 2012 ENTERPRISE INTERNET OF THINGS ADOPTION OUTLOOK

 

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