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Asset Tagging

How RFID Tracking Can Help Your Business

By Dr. Alex Wong
March 20, 2024 • 3 min read
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RFID asset tracking isn’t a new form of technology per se. However, it has just started to make its way into the world of business. Now, many businesses are discovering how much RFID tags can do and how beneficial they are. But do you know how beneficial they are and how they can realistically help your business? This article will help you to understand. 


Before you learn what RFID tracking can do, you may want to know how it works. Radio frequency identification (RFID) tags consist of a transponder, and an antenna. The tag stores data picked up by the antenna. Then, the RFID reader receives the data, meaning you can have real-time asset information, whenever you need it. What this means for your business is that you can have more control over every asset that a tag is attached to.

RFID Tracking Saves You Time

Did you know that when you use RFID tracking to its full advantage it saves you time? This is simply because locating assets will be easy. All that you’ll need to do is log into the tracking software and find the asset you need. The next step is to click on the asset and you’ll be shown where it is. As long as you attached a tag to your asset you can track it. 

Imagine not having to search through an office or warehouse, for example, to locate something. There’s a potential for you to save time every time you need to locate anything. 

One of the major benefits that comes with using tracking software is the bulk actions feature. As long as you have chosen RFID asset tracking that offers this option you’re good to go. All that you need to do is select the assets you want to update and select the update feature you wish to change. Being able to do all of this can potentially save you quite a bit of time. This can only be a good thing as it means you can get on and complete other tasks.

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You Can Save Money Right Away

When you start to use RFID asset tracking you’ll start to save money. The beauty of this tool is that you will start to save money right away. 

Maintenance can take time. However, replacing damaged assets costs money so taking the time to examine everything can be worth it. This is especially the case when you track your assets using RFID tags. 

When you start to track your assets in this way you give them an increased lifespan. Why is this the case? It’s simple. When you create a digital profile for each asset you can set a reminder for it. A maintenance reminder, that is. Whether you want to be reminded every two months, quarter, six months, or year, the choice is yours. 

When your assets are sent for regular maintenance they end up being in better condition. What does this mean for your business? It means you can save money by not replacing assets quite as often.

Security Will Immediately Be Improved

RFID asset tracking will immediately improve security. As soon as you affix an RFID tag to an asset it can be tracked. Consequently, it is a lot less likely to get stolen or go missing. 

Mislaid something? Simply select its digital profile and you’ll be shown where it is.

You’ll Gain A Better Insight Into Your Business

Did you know that you could see your business in a whole new light? Depending on which software you opt for, you could export a report about any asset or assets. You could do this whenever you wish. Doing so will allow you to gain a better insight into your business. This is just one of the major advantages associated with using RFID asset tracking software.
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RFID Tracking And The Software Used Alongside It

Choosing the right software to use alongside RFID tracking is crucial. Different software comes with different features. However, they all work with your tags giving you more control over every asset. 

When you opt for the right software you can do more than simply see where your assets are. You could export reports, as we have already seen. You could also assign assets to individuals or teams. This useful feature ensures that only the right people use any of your assets. If this is a feature that appeals to you, please make sure that you choose the right software. 

 

Please make sure that you only use tracking software that offers you the features you need. When you do, you can take full advantage of it. A direct consequence of this is that it can help your business to shine. 

 

Wish to speak with an expert about using RFID asset tracking to help your business? Contact us today at team@itemit.com.

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Dr. Alex Wong

Article by

Dr. Alex Wong

Dr. Alex Wong is the CEO & Co-Founder of RedBite Solutions, a spin-out from the University of Cambridge and creators of itemit.For more than 2 decades, Alex’s innovations have disrupted industries and reimagined traditional solutions, delivering breakthrough results.A pioneer of the RFID EPC Network and IoT, Alex has shaped modern tracking technologies. RedBite powers the world’s largest RFID deployment across 60+ countries and launched itemit, a leading barcode, QR code, GPS & RFID SaaS tracking platform. Dr. Wong holds a PhD in Engineering from Cambridge and remains an embedded researcher, leading EU & Innovate UK projects to bridge research with real-world applications.

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