In this course you have been exposed to many current trends in Term Paper

In this course you have been exposed to many current trends in Business Intelligence. Two important emerging trends are the u - Term Paper Example Moreover, there are technologies such as reality mining which are also emerging in the business world. Reality mining is mainly used to analyze the collected machine-sensed environmental data with regard to social behavior of human beings (Doody & Shields, n.d., pp. 1-31). The paper intends to present an elaborative explanation of a few of the current technological trends being used in the business. Furthermore, the paper would also depict the various impacts of RFID technology and reality mining on the present day organizations. The paper would also discuss the merits as well as the demerits of the aforesaid technologies in business. Discussion Technologies have a very crucial role to play in the present altering business environment. There has been a continuous emergence of new technologies in the business world. A few of them such as RFID technology and reality mining would be explained in details below: Radio-Frequency Identification (RFID) Radio-Frequency Identification (RFID) i s one of the most important tools or technologies for business entities. This technology is quite effective and is capable of replacing the present modern day technology such as bar code. The technology offers strategic benefits to the business as it can track the record in case of supply chain activities more competently and effectively. This technology also provides real-time-in-transit visibility (ITV) and can also observe the general enterprise assets in the business (Sweeney II, 2010). A few of the present day examples of RFID is recognized in supply chain to create pallet tracking application which is used in companies such as Wal-Mart and its suppliers. The access control system such as keyless entry is also a RFID technology. Apart from this, applications like point-of-sale, automatic tool collection system, and animal tracking devices among others also use this technology (Hunt, Puglia & Puglia, 2007). Impacts of RFID on an Organization (Pros and Cons) The impact of RFID fo r the organization is based on how it is being handled by the organization. The ability of the technology to ensure services such as real-time and serialized data could prove to be quite essential to the organization. The best way to know the impact of the RFID on the organization is by assessing the area of the business where this technology is employed. The overall impact of RFID to the business can be assessed with the assistance of three distinct work flows. They are business processes, physical infrastructure as well as system and information. Proper execution of these three aspects alone would depict the major impacts of the technology in the organization (Sweeney II, 2010). On the other hand, the technology also has certain demerits that are quite vital to be analyzed. It has been observed that the technology of RFID reader at times faces difficulties to read the information if the tags are installed in liquids as well as in metal products. The problem occurs because liquid a nd metal surfaces replicate the radio waves, which makes the tags unreadable. Again, certain interventions can be observed in the proper use this technology if devices for example forklifts as well as walkies-talkies are in the surrounding area of the distribution centers (Shah & Murtaza, n.d. pp. 1-9). Effective Use of RFID Technology in Business By Harnessing the Benefits and Avoiding the Pitfalls The use of RFID technology in