Gartner® Hype Cycle™: The Rise of Item-Level RFID
In the latest Gartner® Hype Cycle™ for Retail Technologies, 2024, Item-Level RFID in the Store sits within the Slope of Enlightenment, where expectations of the technology begin to rise as it shows its value and use case within the retail industry.
The Gartner® report claims that Item-Level RFID is currently a high-priority technology, with effective RFID capabilities providing easier facilitation of unified retail commerce and greater operational efficiency. RFID enables better business outcomes in the retail store through:
- Inventory accuracy
- Cycle counts
- Efficient store fulfillment of online orders
- Faster replenishment
- Improved fraud/loss prevention
- Increased customer engagement
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Gartner, Hype Cycle for Retail Technologies, 2024, Sandeep Unni, 29 July 2024
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