RFID companies innovate to harness the growth opportunities generated by Manufacturing 4.0

According to a recent market analysis by Frost & Sullivan, the growth of Industrial Internet of Things (IIoT) and cloud have given a huge boost to the adoption of radio frequency identification (RFID) technology in Manufacturing 4.0. The interconnectedness of devices has resulted in massive volumes of RFID data that needs to be managed and analyzed, Frost & Sullivan’s analysis asserts, which is prompting RFID manufacturers to develop high-memory tags that can hold more information, software platforms with a business intelligence layer, as well as cloud-based solutions.