Over the past decade, RFID has grown from a wireless identifier (viewed as a bar code replacement), to a technology that is increasingly tasked with performing more and more functions – such as storing inspection and maintenance information, communicating sensor data, enabling machine-to-machine interactions and more.
RFID is a key part of the multitude of connected nodes now generating data – data that needs to be collected, stored, analyzed and converted into useful business intelligence. Big Data analytics capabilities provide the tools businesses need to manage that data. This combination of remote, cloud-based connectivity, RFID and Big Data are changing the way business works.
Businesses can use algorithms to find actionable information in this mass of data generated by business transactions, sensor information and tagged goods in the field and across the supply chain. This allows companies to respond to subtle changes in operations much faster, whether those are fluctuations in demand or changes in the way assets or equipment are performing in the field. Continue reading
With the meteoric rise of wireless, RFID and sensor technologies and the development of the Internet and cloud-based services, the industrial internet is already taking shape and will cause a disruptive paradigm shift in the Industrial Revolution.
The first Industrial Revolution started when the first mechanical loom was introduced in 1784. It wasn’t until 1905 when the second industrial revolution began with mass production based on division of labor, powered by electric energy. It wasn’t until the start of the 1970s when the industry was introduced to electronics and information technology for a further automation of production. With each industrial revolution, the gap is shorter and we are now embarking on Revolution 4.0 where technology enables machines and products to take an active role in creating new efficiencies and operational improvements. Although there is a transition period, moving to these cyber-physical production systems is going to happen quicker than you think.
Developing innovative technology is a complex, time consuming and very expensive process. Despite the challenges, Xerafy is committed to developing innovative technologies for the benefit of its customers and the public. Unsurprisingly, Xerafy is known in the RFID marketplace for its groundbreaking breakthroughs including being the first in the world to introduce: 1) the game changing metal label, 2) the smallest RFID tag that can be used even for surgical instruments tracking, 3) an embedded RFID tag for the extremely harsh application in oil and gas downhole pipe identification.
Xerafy’s innovations have allowed it to obtain broad patent protection for most of its tags worldwide. At the same time, Xerafy’s key focus has always been on our customers and meeting market challenges. There comes a time, however, when it becomes necessary for an innovative company to safeguard its innovation and intellectual property, particularly against competitors who want to utilize Xerafy’s innovation without taking a license to Xerafy’s patents. Continue reading
A good sign that any emerging technology is getting close to widescale adoption is when it starts getting covered regularly in the business media, instead of only in tech websites and discussion groups. That’s why we took notice when CFO Magazine recently published an opinion article on the Internet of Things. The tone of the article is that it is not a question if businesses will use IoT systems, only when.
Most of the article focuses on the IT architecture challenges to Internet of Things systems. We’ll add that RFID is a key enabling technology for overcoming many of the obstacles. Xerafy innovation have been enabling the Internet of Things for some time now, in large part through the industries where Xerafy developed new data capture technology for previously deemed challenging or impossible applications in Healthcare and Oil & Gas markets. The RFID tags create smart and connected industries and enable an entirely new possibilities and capabilities in monitoring, control, optimization, and autonomy. Continue reading
RFID-enabled processes have been well proven in hospitals for enhancing patient care and making materials management more efficient. Yet hospital professionals that see the benefits RFID could bring often struggle to get projects approved. The biggest obstacle often is not the effectiveness or cost of RFID system itself, but of its priority relative to the many other initiatives that are competing for executive sponsorship and budget. The fiscal environment is worsening for most hospitals, so administrators are conservative with how they invest precious resources.
In the U.S. many improvement initiatives are prioritized on how well they support the Triple Aim framework that was established by the Institute for Healthcare Improvement (IHI). The Triple Aim directs hospitals to simultaneously pursue three goals:
- Improving patient care and the patient experience
- Improving the health of the populations the hospital serves
- Reducing costs
Many technology investments and other improvement initiatives that are proposed to hospitals directly address one of these areas, but not all three. Projects that can improve care at the patient and population levels while also reducing costs stand a much better chance of winning approval. Continue reading