Pharmaceutical Industry taking a Quantum Leap with RFID Technology

With the rise of the fourth industrial revolution—Industry 4.0—technology has become an inextricable aspect of business operations in most sectors. RFID (Radio Frequency Identification) has become ubiquitous across a wide range of industries. Its emergence in the pharmaceutical industry is mainly attributed to the high importance of safety and security of business operations. With growing consumer awareness about the toxic counterfeit products pushed in the market, the technology is likely to discern exponential growth in the industry.