RFID Simulations for Faster, Smarter and Cost-Effective IoT

Organizations are implementing Internet of Things (IoT) projects for many reasons—improved ROI, keeping up with digital transformation, innovation for competitive advantage and more. However, as they begin initiating these intricate applications involving multiple servers and sensors connected to the cloud, their initial concerns (determined in a recent study conducted by Altair and TDWI) of security, collecting real-time reliable data, hardware integration, cost and proving probable ROI often become challenging. Radio frequency identification (RFID) technology, commonly used in manufacturing and supply chain logistics to track products, shipments and other assets, implemented with IoT applications, can solve these challenges for many use cases. For example, enabling data capture collected in real time, RFID can provide a more efficient and economical way to monitor assets when connected to the internet.