IT Glossary

sensor and RFID-based inventory and asset management business process application software

Innovative business models and processes will be the main way that RFID begins to be justified. But enterprises don’t have many applications to manage these processes today. For example, real-time management of inventory in a retail environment is almost unheard of today, and retailers will need entirely new applications to deal with it. Vendors providing these solutions are fragmented, and each solution will probably emerge as a separate market.

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