Sector: Finance Savings: $10-25M (estimate over 5 years) Submitted by RFID Global Solution Bank of America is savings upwards of $20 million from an RFID deployment to track more than 100,000 IT assets at 25 data centers in the U.S. and the United Kingdom. BoA estimates that tagging items like servers, blades and other IT [...]
Monitoring only the last known location of an asset is often not sufficient in many applications as it does not give information about the direction in which the asset was moving in order to intelligently predict its next location. This is driving the requirement for RFID systems to report directionality in addition to the asset [...]
The insurance industry is warming up to RFID technology. Insurers represent a strong market for applications like asset tracking for IT items and document management. But this morning’s announcement from the Hartford Financial Services Group takes the potential benefits of RFID to a higher level. By teaming up with cold chain solution provider Intelleflex, the [...]
Here’s last week’s issue of RFID 24-7 for those that missed it. You can subscribe to RFID 24-7 here. School’s back in session, and RFID technology is being used to monitor students and staff and to track equipment more than ever, from K-12 to the college level. Adoption is becoming so widespread that it appears [...]
One of the hottest sectors for RFID technology in 2010 looks to be the tagging of IT assets at financial institutions and federal agencies, where close to a million assets could carry RFID tags by year end. Almost half a million IT assets were tagged last year. So it’s a good bet that the total [...]
Omni-ID has won an order for about 250,000 RFID tags from FloraHolland, a horticulture and flower industry auctioneer. The firm will use the tags to tag and track trolleys that transport flowers and plants throughout the supply chain. Omni-ID partner Mieloo & Alexander, business integrators specializing in RFID-enabled process improvement, co-developed the complete UHF RFID solution [...]
The banking industry is getting serious about RFID technology. Representatives from several major banks are expected to be joined by key players from the RFID industry in Chicago Thursday at a meeting hosted by the The Financial Services Technology Consortium. The FSTC is working with its member banks to determine how to best use RFID. [...]