RFID is an acronym for radio frequency identification, which is a wireless communication technology that is used to uniquely identify tagged objects or people.

RFID is a very valuable business and technology tool.
It holds the promise of replacing existing identification technologies like the bar code.RFID
RFID offers strategic advantages for businesses because it can track inventory in the supply chain more efficiently, provide real-time tracking, and monitor general enterprise assets.
The use of RFID technology is expected to grow significantly in the next five years, and it is predicted that someday RFID tags will be as pervasive as bar codes.