The idea is as simple as its application is difficult. If all cans, books, shoes or parts of cars are equipped with minuscule identifying devices, daily life on our planet will undergo a transformation. Things like running out of stock or wasted products will no longer exist as we will know exactly what is being consumed on the other side of the globe. Theft will be a thing of the past as we will know where a product is at all times. The same applies to parcels lost in the post.
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Brother Melvillian posted this on my Facebook. Nice find man.
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In industry today a number of services are building upon the paradigm of the Internet of Things, which refers to networked objects and items that have the capability to report about their state, location, or certain conditions. In contrast to the human-crafted 50 petabytes of data available on the Internet, the Internet of Things seeks to enable computers and things “to observe, identify and understand the world—without the limitations of human-entered data” (Kevin Ashton who promoted the term first). RFID and other sensing technologies are applied to overcome the media breaks when capturing and transferring information from the real (business) world to the virtual (information) world for managing physical objects, items and goods more efficiently. In recent years, the Electronic Product Code (EPC) has become a worldwide unambiguous code for the designation of physical goods triggering RFID initiatives in large chain stores – e.g. Walmart and Metro -, industrial enterprises and government organizations. This fine-grained real-time information on goods helps to improve today’s ordering decisions based on point-of-sale and inventory data in retail, it can be used to optimize processes in retail and industry, and is also a promising candidate to combat threat of counterfeits to brand manufacturers. Overall, in industry and retail the Internet of Things, at least based on RFID, has moved from a vision to practice generating a number of valuable business services.
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