Radio frequency identification (RFID), a system made up of rugged readers and tags that wirelessly transmit detailed location information, is playing an increasingly important role in helping oil and gas companies run their businesses more efficiently in today’s fast-changing economy, according to Joe White, vice president of business development for Motorola’s Enterprise Mobility Business’s RFID Division. This technology is an improvement over today’s bar code technologies as it increases automation and reduces manual processes, while withstanding the harsh weather and environmental conditions specific to this industry. More importantly, the real-time track and trace capabilities of RFID offers companies a better way to capture mission critical data to ensure product quality, track assets, meet industry mandates and be more competitive.
According to technology analyst firm, VDC, the oil and gas industry spent approximately $104 million in 2007 on RFID solutions to help refineries, rigs, manufacturers and distributors gain greater visibility into their valuable drilling equipment, while also helping to safeguard mission critical parts from tampering and counterfeiting as they travel from one destination to the next.
Source: IndustryWeek
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