6 ways IoT is transforming retail

An award-winning RFID (Radio Frequency Identification) technology provider has announced the launch of its new product, Multi-Ranger. PervasID secured £1.6 million in Series A funding earlier this year to create the first 99%+ accurate multifunctional RFID reader to address retailers’ challenges concerning inventory. The technology, which was pioneered at the University of Cambridge and achieves more than 99% tag detection, will combine a wide-area passive RFID system (Space Ranger), an anti-theft RFID system (Security Ranger) and a portal system (Portal Ranger) in order to create the multifunctional reader solution that is the first of its kind.