2020 RFID Trends Outlook

Robert Fuqua and Bobby BallAs the leader in Material Readiness® for Industrial Construction, we are keenly aware of the trends in RFID technology and where the market is headed. To kick off the new year, we sat down with CEO Robert Fuqua and COO Bobby Ball to discuss their outlook for 2020. This is the second of a two-part series where we look back at the insights of 2019 and the outlook for 2020. Find part one here.

Robert, based on the insights we shared from 2019, what are your expectations for 2020 when it comes to RFID in Industrial Construction?

We expect to see an increased demand for seamlessly sharing real-time information provided by RFID across many organizations and the various systems they use to include Engineering, Financial, Planning, and Scheduling systems. Once the organizational stakeholders involved in performing mega, multi-national Construction Projects are exposed to the value of real-time, geo-contextual data they will inherently desire to apply that data in a manner relational to the data typically included, not only in their own Enterprise systems but the data typically maintained by other organizations involved in performing the relevant Construction Project.

Bobby, any additional 2020 expectations to add?

RFID-enabled material management plans are becoming a best practice within Industrial Construction Supply Chains for Capital Projects. Contractors are highlighting their RFID-enabled processes as a differentiator within their bid packages for their Customers. It is encouraging to see thought leaders in Construction drive technology adoption as best practice in an industry that has historically lagged.

Our mission is a simple one. Ensure Construction never waits on the right piece of material to perform the work at hand.

Robert, Bobby mentioned our lagging industry. How are you seeing the mindsets changing towards innovation?

Over the past year, we have observed an unprecedented level of cooperation amongst the many organizational stakeholders involved in multi-billion dollar Construction Projects. In an environment characterized by an intense resistance to change due to siloed information and processes reinforced by confrontational (rather than cooperative) cultural dynamics, we are beginning to see an unprecedented willingness amongst Suppliers and Contractors to collaboratively adopt RFID-enabled Supply Chain management systems for the sake of, ultimately, performing large Capital Construction Projects in a more efficient and effective manner.

And Robert, what can we expect from Jovix in 2020?

Our 2020 strategy is heavily focused upon leveraging the unprecedented level of access to real-time data provided by RFID to inspire unprecedented collaboration within the Construction industry through simple and seamless integrations and our data analytics tool, Jovix Insights. Jovix was initially developed as a closed-loop Track and Trace solution and has since evolved into a true open-loop Supply Chain visibility solution. Amongst the backdrop of an incredibly complex ecosystem, our mission is a simple one – ensure Construction crews are never waiting on the right piece of material to perform the work at hand. Our 2020 focus will be directed toward providing our Clients with unprecedented insight into their Supply Chains through a world-class software platform enabled by modern RFID capabilities.

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As the leader in Material Readiness® for Industrial Construction, we are keenly aware of the trends in RFID technology and where the market is headed. To kick off the new year, we sat down with CEO Robert Fuqua and COO Bobby Ball to discuss their outlook for 2020. This is the second of a two-part series where we look back at the insights of 2019 and the outlook for 2020. Find part one here.

Robert Fuqua and Bobby BallRobert, based on the insights we shared from 2019, what are your expectations for 2020 when it comes to RFID in Industrial Construction?

We expect to see an increased demand for seamlessly sharing real-time information provided by RFID across many organizations and the various systems they use to include Engineering, Financial, Planning, and Scheduling systems. Once the organizational stakeholders involved in performing mega, multi-national Construction Projects are exposed to the value of real-time, geo-contextual data they will inherently desire to apply that data in a manner relational to the data typically included, not only in their own Enterprise systems but the data typically maintained by other organizations involved in performing the relevant Construction Project.

Bobby, any additional 2020 expectations to add?

RFID-enabled material management plans are becoming a best practice within Industrial Construction Supply Chains for Capital Projects. Contractors are highlighting their RFID-enabled processes as a differentiator within their bid packages for their Customers. It is encouraging to see thought leaders in Construction drive technology adoption as best practice in an industry that has historically lagged.

“Our mission is a simple one. Ensure Construction crews are never waiting on the right piece of material to perform the work at hand.”

Robert, Bobby mentioned our lagging industry. How are you seeing the mindsets changing towards innovation?

Over the past year, we have observed an unprecedented level of cooperation amongst the many organizational stakeholders involved in multi-billion dollar Construction Projects. In an environment characterized by an intense resistance to change due to siloed information and processes reinforced by confrontational (rather than cooperative) cultural dynamics, we are beginning to see an unprecedented willingness amongst Suppliers and Contractors to collaboratively adopt RFID-enabled Supply Chain management systems for the sake of, ultimately, performing large Capital Construction Projects in a more efficient and effective manner.

And Robert, what can we expect from Jovix in 2020?

Our 2020 strategy is heavily focused upon leveraging the unprecedented level of access to real-time data provided by RFID to inspire unprecedented collaboration within the Construction industry through simple and seamless integrations and our data analytics tool, Jovix Insights. Jovix was initially developed as a closed-loop Track and Trace solution and has since evolved into a true open-loop Supply Chain visibility solution. Amongst the backdrop of an incredibly complex ecosystem, our mission is a simple one – ensure Construction crews are never waiting on the right piece of material to perform the work at hand. Our 2020 focus will be directed toward providing our Clients with unprecedented insight into their Supply Chains through a world-class software platform enabled by modern RFID capabilities.

Categories

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