Business Information Systems of RFID Samples †MyAssignmenthelp.com

Question: Discuss about the Business Information Systems of RFID. Answer: Introduction Radio Frequency identification is a widely used technology for tracking assets or identifying them. RFID can be termed as small electronic device with a small chip and an antenna. The RFID devices is very similar to that of barcodes and QRCODES. The technology uses electromagnetic fields for identifying and tracking the tags attached with the objects. The report discusses the technology of RFID and its limitation. It further discusses the technical problems the technology is designed to solve and the prospects for the success of technology in the marketplace. How RFID works? Radio Frequency identification number makes use of the radio waves to detect and collect the information of the RFID enabled devices. Thus, this technology does not require any human intervention in data collection and analysis. The different components of RFID include a RFID tag, a tag reader and an antenna that sends signals from the device incorporated with RFID tags (Zhu, Mukhopadhyay Kurata, 2012). The tag reader converts the radio waves into a usable data form. There are mainly two types of RFID systems, active and passive RFID. The passive RFID system makes use of the tags that have no internal power source and is powered by the electromagnetic energy transmitted from the RFID reader. Active RFID systems on the other hand have three parts, which includes a reader, an antenna and a tag. The main feature of the active RFID tag is that, it possesses its own power source (Jia et al., 2012). This power source is an internal battery that has long read ranges and large memory banks. The active tag is needed to be replaced when the battery of an active RFID die. Active RFID tags are generally used as bacons to track the real-time location of the assets such as tolling. Since the active tag uses battery powered RFID tags, they have much longer read range than passive tags. However, active tags are more expensive than passive tags. The business and technical problems solved by RFID RFID technology makes the process of tagging and locating inventory even more easier that reduces the cost of manual tagging of the goods and increases the accuracy of sales. It is widely used in business ad RFID chips are an improved replacement of the hand tags that are more complex to handle. RFID tags helps in keeping a track of the inventory objects thus reducing the number of out of the stock products. The main advantage of using RDIF tags over hand tags is that, it removes the need of human intervention in maintaining and tagging the goods (Zhong et al., 2015). This is beneficial for business as it reduces the need of employees to a considerable amount. RFID is an advancement form of the barcodes and QRCODES. The differences among the RFID tags, barcodes and QRCODES are elaborated in the following table- RFID BARCODE QRCODE RFID or radio frequency identification number reads and locates data by making use of the electromagnetic waves. Since RFID is more improved than QR and barcode, a proper technological knowledge is required for handling the RFID tags. However, a proper training can simple help in achieving this (Dwivedi et al., 2013). The initial cost of implementation of RFID tag is high as it requires expensive scanning devices in order to scan the RFID tags. The barcode is similar to RFID as it is an effective data collection technique. However, the process of data collection in barcode is very different from that of RFID or QRCODE. The reading rate of barcodes is very slow compared to RFID and QRCODE as it can read only one data at a time. Furthermore, barcodes have no capability to uniquely identify any item and hence it is rarely used nowadays. QRCODE is used to store information that can only be read with the help of a QR reader. Cost of implementation of QR code scanning is low as compared to RFID as the QR devices can be scanned with the help of camera-equipped devices (Barrera, Mira Torroba, 2013). RFID-Technological Limitations The limitations of RFID technological limitations are as follows (Expsito Cuias, 2013)- The implementation cost of RFID is very high and therefore it may not be a feasible for small business. The tagging and tracking of low cost materials and goods may not be feasible with the use of RFID tags. There is certain security issues associated with the implementation of RFID No proper RFID standard has been set yet, which is one of the major limitations of the RFID technology. Another limitation of RFID is physical limitation, which includes reading through liquid or metals. Organizational Implementation of Cloud The famous retailing sector Wal-Mart is relying on the RFID technology for their normal business operations. Walmart implemented this technology in the supply chain in order to increase the visibility of information or inventory. Walmart has developed into the largest retailer of the world by making use of every opportunity in streamlining the supply chain. The organization had planned the implementation of RFID back in 2003 and the implementation of RFID has brought a transformation in the way, Walmart runs the retail store. The movement of the goods across the supply chain is tracked with the help of the information sent by the RFID reader. Therefore, it has helped the organization in managing the supply chain in a more effective way (Shin Eksioglu, 2014). Furthermore, it Walmart uses the radio frequency tags for keeping the shelves stocked. The RFID tags provide real time information about the store shelves. RFID in the marketplace Use of RFID is wide in the retail market place. It finds its use in the anti theft car keys, automated highway tollbooths and so on. In retail marketplace, RFID finds its use in the continuous live store inventory and simultaneous one shot scanning of goods at the cash. In continuous live store inventory, the retailers can gain a detailed information of the stock with the help of an automatic scanning system in the store as well as in the warehouse. This process of inventory management is proven more efficient than manual checking of the inventory sales (Bhattacharya, 2012). RFID technology is implemented in health care as well in order to reduce the medical errors. It helps in retrieving patients information and real time monitoring of the patients location in the hospital. Implementing innovative technology such as RFID has considerably helped the healthcare in eliminating the risks associated with the improper patient monitoring, poor patient tracking and inability to respond to the patients more quickly (Manzoor 2016). The use of RFID tags helps the banking sector in providing enhanced services to its customers. A bankcard with an embedded RFID chip is now offered to the customers that can be used for making payment without the need for swiping the card or entering a PIN (Azari, Jassbi Reshadi, 2011). Conclusion Therefore, from the above discussion, it can be concluded that RFID is widely used in different business sectors. The use of RFID tags makes the process of inventory and supply chain management even easier. The working principal of the RFID technology and the use of this technology in various fields are elaborated in this report. The report discusses the use of RFID in Walmart and in the business of various other sectors as well, which includes retail, healthcare and banking. The report gives an overview of the use of RFID technology. References Azari, S., Jassbi, S. J., Reshadi, M. (2011) RFID Technology in Bank Services. institutions, 4(5), 6 Barrera, J. F., Mira, A., Torroba, R. (2013). Optical encryption and QR codes: secure and noise-free information retrieval.Optics express,21(5), 5373-5378. Bhattacharya, M. (2012). Impact of RFID on the retail value chain: An exploratory study using a mixed method approach. Journal of technology management innovation, 7(4), 36-49. Dwivedi, Y. K., Kapoor, K. K., Williams, M. D., Williams, J. (2013). RFID systems in libraries: An empirical examination of factors affecting system use and user satisfaction.International Journal of Information Management,33(2), 367-377. Expsito, I., Cuias, I. (2013). 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