P/C/49. The applications of Radio Frequency Identification (RFI)

The paper examines the use of Radio Frequency Identification (RFI) defined as the process of storing and retrieving information by way of radio frequency transmission. This technology has been used since 1980 for asset identification and tracking, animal identification, electronic toll collection, etc. The report gives an overview of a basic RFI system, and claims that investing in RFI technology gives the company a competitive advantage over other companies. The performance of various businesses using RFI is analysed, among them retail trade, banking, shipping, etc., and the advantages of obtaining information through RFI are outlined. In conclusion a few suggestions are made about the perspective areas of RFI application.