One of the biggest productivity roadblocks is the amount of time that companies spend tracking all the assets in their eco-system. These assets could include machines, devices, products, parts, components, people, plants, animals, etc. This would have been a logistical nightmare without the help of Internet-of-Identities (IoI) solutions that are able to give every object an identity and then track that object with near 100% accuracy.
IoI solutions can be deployed using Radio Frequency Identification (RFID) technology which is a method of storing data and retrieving it via electromagnetic radio waves – no more different than the waves coming to your car radio. RFID tags contain unique identifiers that identify each item with a unique serial number. One major advantage of RFID over traditional pen-and-paper or barcode methods is how quickly information is sent and retrieved. A powerful enough RFID scanner could inventory entire rooms at once, making inventory tracking and stocktaking a much faster and accurate process.
IoI is at the forefront of a digital revolution. As the digital wave attracts and fuses together upcoming technology such as Sensors, Augmented Reality and Artificial Intelligence, IoI solutions enable computer systems to identify items, allowing applications to become Object-Aware.
Technology Features, Specifications and Advantages
The IoI solution consists of a package of RFID antennas, readers and tags, and an asset/inventory management tracking software. The data retrieved is uploaded in real-time onto a cloud-based system, where the software re-configures the data into meaningful information such as current status reports, movement history, last-known location and trend analytics. The RFID equipment selected must adhere to International Standards ISO18000-6 and EPC Global Standard Class 1 Gen 2, operating within a frequency of 860 – 960 MHz. With this, the IoI solution works in compliance according to the frequency allocation and assignment dictated by the local governing body.
The adaptability of the technology applies to any organization who wishes to monitor and track their assets/inventory. From a wide range compromising of large-scaled Logistics, Healthcare, and even to F&B, the technology of RFID has been successfully adopted in various and customized applications. In more recent years as customer behaviour evolves, the Retail industry has also embraced the benefits of incorporating RFID into their supply chain to deliver the best possible in-store experience.
The technology supports an uncomplicated, ready-to-go adoption, while at the same time helping organizations to set right records from previous, error-prone methods. Having live, accurate, analysed and organized data of your existing inventory gives transparency to the organization’s supply chain with the potential to improve stock balancing, stock forecasting, retail sales, delivery lead times and customer satisfaction levels.