RFID Technology Revolutionizing the GCC Jewellery Industry

Gone are the days of manually counting inventory and products. Radio frequency identification (RFID) technology is rfid jewellerycurrently revolutionizing the global jewellery industry to offer a real-time and cost-effective solution to manage and track the inventory of millions of pieces of jewellery among many other applications.

Dubai-based company, Tagit, is part of the RFID revolution and is currently implementing solutions across a range of jewellery stores in the Middle East, Asia and Europe. The company will be exhibiting at Dubai International Jewellery Week 2014 to showcase its latest technologies.

To date, the company has tagged more than five million pieces of jewellery with customer bases in eight countries and more than 500 live sites.

How does RFID work?

RFID (Radio-Frequency Identification) is the most robust and cost-effective technology available for managing or tracking. This technology is transforming many industries by offering real-time visibility into inventory and product movement thus helping to improve productivity and loss prevention. An RFID tag serves the same purpose as a barcode; providing a unique identifier for that object. Yet unlike a barcode, an RFID tag can be scanned wirelessly, with no requirements of line of sight. The RFID tag reader has one or more antennas that emit radio waves and receive signals back from the tag, which consists of a microchip attached to a radio antenna. The reader then relays the information in digital form to the backend software. RFID technology can be used in any industry and any environment where it is necessary to track an object, streamline a process or diffuse a bottleneck.

Tagit RFID Sales Director, Hassan Bin Jamil, said: “We are thrilled to exhibit at Dubai International Jewellery Week, which is an ideal platform to demonstrate the innumerable benefits of implementing RFID solutions for jewellery and diamond businesses. In the diamond and jewellery industry, it is essential to maintain an accurate and reliable stock however outdated practices, which comes with human error, can never give exact and reliable figures. Manual stock counting exercise wastes a lot of time, which eventually leads to an inefficient and unproductive workforce. This is where RFID technology can revolutionize businesses by quickly and accurately tracking inventories.”

Recent findings by IDTechEx Research show that the demand for RFID technology is growing rapidly across the globe with the market predicted to triple in 2020 to $23.4 billion from $7.88 billion this year. By 2024, RFID the business will have grown another 29% to $30.24 billion and will play a role in almost every industry.

Tagit is among the first companies to implement RFID technology across the Middle East, Asia and Europe including countries such as Dubai, Belgium, India and Hong Kong with more clients beyond these regions scheduled to come on board. Based on continual Research and Development in RFID capabilities, Tagit has pioneered solutions for blue chip companies and sectors that were previously unexposed to RFID’s modern, time saving and cost effective results.


No comments yet.

Leave a Comment

Powered by sweet Captcha