More than 33 billion Radio Frequency Identification (RFID) tags will be produced globally by 2010, according to a report by market research firm, In-Stat. That’s more than 25 times the 1.3 billion tags produced last year. In-Stat says production will vary by industry segment, for example, RFID has already been widely used in the automotive industry, mainly in keys, for more than a decade. This greatly exceeds RFID usage in other sectors. SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe The report also made the following conclusions: Cost will be the deciding factor in determining the extent of RFID usage, and costs are rapidly declining. Pharmaceutical companies are currently investigating RFID’s potential to reduce counterfeiting. Governments across the world are currently addressing the privacy issues associated with RFIDs, and rules and regulations for using the technology are likely on the horizon.–Al Sacco Related content feature 4 reasons why gen AI projects fail Data issues are still among the chief reasons why AI projects fall short of expectations, but the advent of generative AI has added a few new twists. By Maria Korolov Oct 04, 2023 9 mins Data Science Data Science Data Science feature What a quarter century of digital transformation at PayPal looks like Currently processing a volume of payments worth over $1.3 trillion, PayPal has repeatedly staked its claim as a digital success story over the last 25 years. But insiders agree this growth needs to be constantly supported by reliable technological ar By Nuria Cordon Oct 04, 2023 7 mins Payment Systems Digital Transformation Innovation news analysis Skilled IT pay defined by volatility, security, and AI Foote Partners’ Q3 report on IT skills pay trends show AI and security skills were in high demand, and the value of cash-pay premiums was more volatile but their average value across a broad range of IT skills and certifications was slightly do By Peter Sayer Oct 04, 2023 6 mins Certifications Technology Industry IT Skills brandpost Future-Proofing Your Business with Hyperautomation By Veronica Lew Oct 03, 2023 7 mins Robotic Process Automation Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe