A sector analysis for RFID technologies: fundamental and technical analysis for financial decision making problems

Automatic identification technologies have been used in a wide range of applications for reducing the amount of time and labor needed to input data and improving data accuracy. As an important automatic identification technology, radio frequency identification (RFID) technologies allow contactless reading and these technologies are particularly successful in manufacturing and other environments where traditional identification technologies such as bar codes can not perform well. By integrating the RFID technology into their business models, companies may save time, lower labor cost, improve products quality and provide better service. RFID is the wireless technology that uses RF communication to identify, track and manage objects and collect and store data. RFID technology enables companies to develop applications that create value by tracking and identifying objects, animals or people. Business applications of RFID technology can be seen in areas such as manufacturing, supply chain management, software integration, security systems, asset tracking and many others. RFID technology was predicted to be one of the “top ten” technologies in 2004 by CNN. Although, the RFID market is less than five years old, it has been applied to many different industries, from retail industry to logistics, or from healthcare to service business industry – and it is still growing. Particularly, RFID has fundamental influences on today's retailing and supply chain management for applications like asset tracking the inventory control and management. RFID technology also finds major application in mobile phones and is widely used in toll collection of highways, for payments in restaurants, vending machines, retail and parking lots. There are a wide range of RFID systems currently being used or being developed. Examples to these systems include but not limited to the following; automatic vehicle and personnel access control for security (Simpson, 2006), airport passenger and baggage tracking (Ferguson, 2006), tracing blood for cutting down errors such as giving patients wrong blood types (Ranger, 2006), payment process systems (Ramachandran, 2006), production control in manufacturing (Liu & Miao, 2006), transfusion medicine (Knels, 2006) real-time inventory control by automated identification of items in warehouses, tracking and management of physical files, tracking of books in the libraries (Shadid, 2005). For some other applications, interested reader is referred to (Finkenzeller, 2003; Smith, 2004). RFID solution providers claim that their technology and solutions bring significant benefits and have valuable advantages in practice. As new RFID solutions being developed and more RFID tags and equipments being used, these solutions will become more cost effective and RFID businesses are expected to grow rapidly. Since RFID is fairly new, it’s difficult to measure resulting sales increases or heightened customer satisfaction quotients. On the other hand, according to IDC estimation (IDC is a subsidiary of International Data Group, a leading technology media, research, and events company and provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets), companies in the retail sector will spend nearly $1.3 billion on RFID in their supply chain operations in 2008, compared to about$91.5 million in 2003 which corresponds to annual growth rate of 70 percent. In a similar look; the Wireless Data Research Group projected that the global market for RFID increased from $1 billion in 2003 to$3 billion in 2007 (Asif & Mandviwalla, 2005). There are two major drivers of this growth. The first one is the adoption of RFID technology by major retailers and government agencies. The second one is the reduction in the price of RFID tags, readers, and IT systems required to deploy RFID. Given the huge potential of RFID technology, there has been a huge emergence of RFID specialty companies and the development of RFID practices within many market-leading companies. Due to huge emergence, it is desirable to make a sector analysis. In this study, we perform a sector analysis for RFID technologies for researchers and analysts. We investigate public RFID companies traded on the stock exchange markets, summarize their financial performance, describe their RF products, services, and applications, and perform fundamental and technical analysis

Radio Frequency Identification Technology: Applications, Technical Challenges and Strategies

Purpose - The purpose of this paper is to discuss the technology behind RFID systems, identify the applications of RFID in various industries, and discuss the technical challenges of RFID implementation and the corresponding strategies to overcome those challenges. Design/methodology/approach - Comprehensive literature review and integration of the findings from literature. Findings - Technical challenges of RFID implementation include tag cost, standards, tag and reader selection, data management, systems integration and security. The corresponding solution is suggested for each challenge. Research limitations/implications - A survey type research is needed to validate the results. Practical implications - This research offers useful technical guidance for companies which plan to implement RFID and we expect it to provide the motivation for much future research in this area. Originality/value - As the infancy of RFID applications, few researches have existed to address the technical issues of RFID implementation. Our research filled this gap

RFID Application of Smart Grid for Asset Management

RFID technology research has resolved practical application issues of the power industry such as assets management, working environment control, and vehicle networking. Also it provides technical reserves for the convergence of ERP and CPS. With the development of RFID and location-based services technology, RFID is converging with a variety of sensing, communication, and information technologies. Indoor positioning applications are under rapid development. Micromanagement environment of the assets is a useful practice for the RFID and positioning. In this paper, the model for RFID applications has been analyzed in the microenvironment management of the data center and electric vehicle batteries, and the optimization scheme of enterprise asset management is also proposed

Hybrid approach to ensure data confidentiality and tampered data recovery for RFID tag

Radio Frequency Identification (RFID) is an emerging wireless object identification technology with many potential applications such as supply chain management, personnel tracking and healthcare. However, security vulnerabilities of the RFID system have been a serious concern for its wide adoption in many applications. Although there are lots of work to provide privacy and anonymity, little focus has been given to ensure confidentiality and integrity of RFID tag data. To this end, we propose a lightweight hybrid approach based on stenographic and watermarking to ensure data confidentiality, linkability resistance and integrity on the RFID tags data. The proposed technique is capable of tampered data recovering and restoring for RFID tag. It has been validated and tested on EPC class 1 gen2 tags

Time To Live: Temporal Management of Large-Scale RFID Applications

In coming years, there will be billions of RFID tags living in the world tagging almost everything for tracking and identification purposes. This phenomenon will impose a new challenge not only to the network capacity but also to the scalability of event processing of RFID applications. Since most RFID applications are time sensitive, we propose a notion of Time To Live (TTL), representing the period of time that an RFID event can legally live in an RFID data management system, to manage various temporal event patterns. TTL is critical in the "Internet of Things" for handling a tremendous amount of partial event-tracking results. Also, TTL can be used to provide prompt responses to time-critical events so that the RFID data streams can be handled timely. We divide TTL into four categories according to the general event-handling patterns. Moreover, to extract event sequence from an unordered event stream correctly and handle TTL constrained event sequence effectively, we design a new data structure, namely Double Level Sequence Instance List (DLSIList), to record intermediate stages of event sequences. On the basis of this, an RFID data management system, namely Temporal Management System over RFID data streams (TMS-RFID), has been developed. This system can be constructed as a stand-alone middleware component to manage temporal event patterns. We demonstrate the effectiveness of TMS-RFID on extracting complex temporal event patterns through a detailed performance study using a range of high-speed data streams and various queries. The results show that TMS-RFID has a very high throughout, namely 170,000 - 870,000 events per second for different highly complex continuous queries. Moreover, the experiments also show that the main structure to record the intermediate stages in TMS-RFID does not increase exponentially with the number of events. These illustrate that TMS-RFID not only has a high processing speed, but also has a good scalability

Tamper detection in RFID tags, using, fragile watermarking

Security and privacy are one of the two primary concerns with RFID (Radio Frequency Identification) adoption. While the mainstream RFID research is focused on solving the privacy issues, this paper focuses on security issues in general and data tampering in particular. We specifically consider the issue of detecting data tampering on the RFID tags for applications such as data integrity management. To address this issue, we present a novel fragile watermarking scheme, which embeds a fragile watermark (or pattern) in the serial number partition of the RFID tag. This pattern is verified to identify whether or not the data on the RFID tags has been tampered with. The novelty of this watermarking scheme lies in the fact that we have applied watermarking technology to RFID tags; in comparison, most of the existing watermarking schemes are limited to images, or audio or video applications. We term this scheme TamDetect because it is a tamper detection solution. TamDetect is designed such that it can be easily plugged into existing RFID middleware applications. This proposal is one of the first works that integrates watermarking and RFID technologies together. This paper provides a detailed theoretical foundation for the TamDetect solution

A framework for distributed managing uncertain data in RFID traceability networks

The ability to track and trace individual items, especially through large-scale and distributed networks, is the key to realizing many important business applications such as supply chain management, asset tracking, and counterfeit detection. Networked RFID (radio frequency identification), which uses the Internet to connect otherwise isolated RFID systems and software, is an emerging technology to support traceability applications. Despite its promising benefits, there remains many challenges to be overcome before these benefits can be realized. One significant challenge centers around dealing with uncertainty of raw RFID data. In this paper, we propose a novel framework to effectively manage the uncertainty of RFID data in large scale traceability networks. The framework consists of a global object tracking model and a local RFID data cleaning model. In particular, we propose a Markov-based model for tracking objects globally and a particle filter based approach for processing noisy, low-level RFID data locally. Our implementation validates the proposed approach and the experimental results show its effectiveness.Jiangang Ma, Quan Z. Sheng, Damith Ranasinghe, Jen Min Chuah and Yanbo W

The design and development of multi-agent based RFID middleware system for data and devices management

Thesis (D. Tech. (Electrical Engineering)) - Central University of technology, Free State, 2012Radio frequency identification technology (RFID) has emerged as a key technology for automatic identification and promises to revolutionize business processes. While RFID technology adoption is improving rapidly, reliable and widespread deployment of this technology still faces many significant challenges. The key deployment challenges include how to use the simple, unreliable raw data generated by RFID deployments to make business decisions; and how to manage a large number of deployed RFID devices. In this thesis, a multi-agent based RFID middleware which addresses some of the RFID data and device management challenges was developed. The middleware developed abstracts the auto-identification applications from physical RFID device specific details and provides necessary services such as device management, data cleaning, event generation, query capabilities and event persistence. The use of software agent technology offers a more scalable and distributed system architecture for the proposed middleware. As part of a multi-agent system, application-independent domain ontology for RFID devices was developed. This ontology can be used or extended in any application interested with RFID domain ontology. In order to address the event processing tasks within the proposed middleware system, a temporal-based RFID data model which considers both applications’ temporal and spatial granules in the data model itself for efficient event processing was developed. The developed data model extends the conventional Entity-Relationship constructs by adding a time attribute to the model. By maintaining the history of events and state changes, the data model captures the fundamental RFID application logic within the data model. Hence, this new data model supports efficient generation of application level events, updating, querying and analysis of both recent and historical events. As part of the RFID middleware, an adaptive sliding-window based data cleaning scheme for reducing missed readings from RFID data streams (called WSTD) was also developed. The WSTD scheme models the unreliability of the RFID readings by viewing RFID streams as a statistical sample of tags in the physical world, and exploits techniques grounded in sampling theory to drive its cleaning processes. The WSTD scheme is capable of efficiently coping with both environmental variations and tag dynamics by automatically and continuously adapting its cleaning window size, based on observed readings