What Is RFID and Why Does it Matter?

With companies set to spend over $100 billion a year on cybersecurity efforts, security concerns are expanding in every industry. Thankfully, there are new options for tools companies can use to secure their company in every respect.

A company that learns what is RFID can save millions in lost productivity or leaked materials.

Here are 3 reasons you should get to know all about Radio Frequency Identification.

1. They’re Secure

The RFID has been around for the last couple of decades but has gotten wildly popular in recent years. Instead of having to carry a set of unique keys for every door in a given building, you can program each door to be opened by a single RFID card. They’re great for security in that cards can be outfitted with codes to open a door in a single tap.

Since there can be a photo of the card owner on the card and they’re difficult to duplicate, they’re an immensely secure solution to any building or site. If you’re looking for something to maintain a secure site or perimeter, an RFID system is the way to go.

Technology can improve your business and this is one important development.

2. They’re Versatile

An RFID card can be used to do more than to open doors. Systems around the country use them as payment systems. In cities like London and Chicago, RFID transmitters are installed in transit cards to allow for a wireless, tap-based payment system.

RFID cards can be used by college campuses to allow students to pay for meal plans, books, and at vending machines. They can be used to let people into a computer lab to track access and they can be used to check out items from libraries.

The possible applications for RFID are still being explored. Check out the Quake Global LinkedIn page to see what kinds of ideas are being explored by industry leaders.

3. They’re Inexpensive

Creating an RFID card or maintaining a system is relatively inexpensive. Once you set it up, all you need to do is to update what access level each card will have or which account it will be linked to. Once you set that up, maintaining the system is a breeze.

RFID cards cost just a few cents a piece to print. You can pay for the upkeep of the system by charging users a couple of dollars a piece for replacement cards.

Learning What is RFID is Essential To Business

For your business to succeed in this competitive environment, it’s important that you have the best tools possible at your disposal. When you understand what is RFID and how it can positively impact your business, you get a sense of how important security is to keep a business running.

Your RFID system can be used for security, verification, improved access, and even for budgeting, as it can inform you how frequently visitors access your resources.

For more innovative concepts you should add to your business model this year, check out our latest guide.