4.The future of RFID in IOT
While RFID has previously been considered a forward looking technology, its adoption across a variety of industries has seen it become a lot more commonplace. As RFID is being more prevalent across a variety of industries, logistics organizations seeking to gain a competitive advantage are already utilizing the technology in a variety of innovative ways the industry has not seen before. The question that many providers are now asking is: where is RFID going? The answer, it seems, is that the technology has a bright future with more value added features appearing at similar costs.
Now, utilities are revolutionizing their operations using smart meters to collect and transmit the amount of power consumed in a household. Smart meters are an example of a technology that is fundamentally changing business operations in electric utilities by recording consumption at regular intervals and communicating it back to the utility for monitoring and billing.