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RFID Technology: The Promise and the Pitfalls

Radio Frequency Identification (RFID) is evolving as a major technology-enabler with many promising real-life business applications. It can capture data easier and quicker than bar codes; it does not dependon the position of the label; and objects need not be in the line of sight to be scanned. RFID potentially promises to revolutionize the entire supply chain, by improving its efficiencies and overall business intelligence, thereby reducing the cost.