Radio Frequency Identification Technology (RFID) is Wireless tagging technology to manage your organization day-to-day activities and keep track of crucial assets. It has widespread applications and can be used anywhere. RFID, Radio Frequency Identification provides an ideal technology for tracking assets and identifying them by using a simple low cost antenna attached to the item in question.
When compared to Barcode you cannot justify the costs attached to it, but the ROI organizations get in long term overshadows the same. It is everywhere from Retail Stores, Factories, Banks to Railways; the list is endless.