
Europe to go large on little chips...
Published: 26 September 2006 14:10 BST
Investment in RFID technologies in sectors such as the automotive, aerospace and manufacturing industries is set to skyrocket.
Those sectors in Europe alone generated revenues of $23.7m in 2005, with analyst house Frost & Sullivan claiming this figure will reach $109.3m by 2012.
However, ROI is more difficult to quantify, with expectations of the benefits of RFID implementation often being unrealistic. The success of RFID implementation is dependent on the degree of integration into business processes, the Frost & Sullivan report claims.
RFID is also known for its high implementation costs and this has led to slow uptake of the technology.
RFID tag technology allows the tracking and managing of a company's products, for example, allowing easier stock-takes.
RFID also enables companies to tighten their brand security, whether by thwarting counterfeiting or safeguarding valuable products. Gillette trialled RFID technology on its razor blades in 2003.
**This is the single best opportunity in Manufacturing currently** Huxley Associates is working alongside one of the UKs leading suppliers of Fluid ...
Aerospace and Automotive. Specialising in the manufacture of high spec precision components into a variety of sectors including My clients are ...
One of the Midlands leading Multi National Tier 1 companies supplying into the automotive and off highway industries are currently recruiting for a ...
CIO50 2008
The silicon.com CIO50 2008 profiles the most influential and innovative tech chiefs in the UK across all industries and organisation size, from the biggest FTSE100 companies to high growth dot-com start ups and the public sector. The list was voted on by the UK CIO community and a panel of experts. Find out more in our latest special report.
Stories from the web...
Copyright ©1995-2008 CNET Networks, Inc. All rights reserved. Top of page
silicon.com Dear silicon.com... ZX Spectrum nostalgia, Mac attack, tag a bag… Reader Comments of the Week
Steve Ranger Editor's Blog: Home computing from Acorn, Amiga and Amstrad, to the ZX Spectrum Nostalgia 2.0...