A survey released last week by AMR Research found that a "lack of maturity in standards" is the main challenge to the proliferation of radio frequency identification, InformationWeek reports.
Sixty-nine percent of the 500 companies surveyed plan to evaluate, pilot or implement RFID technology this year, and 44% of respondents said current RFID standards are mature enough to deliver a return on investment. However, the survey also found that only 29% of process manufacturers said the standards have reached an "appropriate level" of maturity, InformationWeek reports.
The survey's findings suggest modest increases in spending on RFID technology over the next few years. In particular, it suggested a 16% increase from 2005 to 2006 and a 20% increase from 2006 to 2007. Despite this uptick in spending, InformationWeek notes that AMR does not believe those numbers support the market hype or overinflated expectations of many investors (Sullivan, InformationWeek, 7/22).