- More than half of UK companies predict that radio frequency
identification will be an accepted part of the business landscape in just
five years, according to research by the Management Consultancies Association.
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- The RFID management report, however, also discovered
that many businesses are cautious, with more than a third of companies
(34%) more interested in seeing how other companies are implementing RFID
technology than starting their own project.
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- The report also highlighted that the predicted growth
in RFID would be driven by the fact that the technology will 'shrink in
scale' and become 'significantly cheaper' over the next three to five years.
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- David Smith, Capgemini's UK head of RFID said: 'Nokia
can already produce cheap mobile RFID readers for around $700 (£370),
but prices will inevitably come down quickly as they move this technology
into the mass product market.
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- 'This will enable you to 'touch' a poster of Kylie with
your RFID-enabled phone to download information and music. People will
be able to use their phones in many more ways, from checking whether an
item is in a shop stockroom to using web services to finding more information
about products.'
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- The report found that more than half (54%) of companies
were concerned about the complexity of integrating RFID technology with
existing systems. Some 43% of companies viewed the lack of a set of global
RFID standards as a major obstacle, while 42% of cited the cost of technology.
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