As Hype Becomes Reality, a Radio Frequency Identification Ecosystem Emerges Part Three: Radio Frequency Identification Opportunities Abound and Summary
Michael Bittner - January 25, 2006

Radio Frequency Identification Opportunities to Date

As the radio frequency (RFID) ecosystem continues to evolve, so will the opportunities for innovative applications of RFID technology that will have a positive impact on our everyday lives. The decreasing costs of tags, transponders, antennae, and sensory network equipment will also have a profound impact on the potentially ubiquitous nature of RFID technology. As far as implementation costs are concerned, practice makes perfect; so as more and more RFID implementations are completed by experienced systems integrators and as the ecosystem of service providers grows, competition should drive implementation costs downward. In addition, while maintenance contracts for RFID services can generate substantial service revenues, the cost of supporting such contracts should also decrease. Today, most RFID implementations are in some fashion "custom" projects, but the degree of customization should diminish over time, thus reducing costs...