Item-level intelligence requirements spur the growth of RFID across sectors such as industrial, manufacturing, retail, transportation, security, healthcare and consumer applications. RFID has quietly crossed the chasm exhibiting a stable - yet still innovative - market. So what will drive the market in 2015?

RFID retail inventory management can deliver benefits for most apparel retailers now. The basic handheld solution is not hard to understand, delivers real ROI and has a relatively low investment hurdle. Yes, employee training and compliance is a headache, but this is true for many jobs in retail, and it does not change the fact that significant sales uplift is not only possible, but typical.

A key component of supplier risk management for many companies is monitoring the supplier's financial health and viability to try and obtain early warning of potential supplier issues that could impact the continuity of supply. However, by itself, supplier monitoring misses opportunities to actually bolster and improve the supplier's financial health, which is particularly important for those suppliers that are highly leveraged and/or have cash flow challenges.

The Internet of Things has intelligence distributed throughout many integrated layers. Algorithms and analytics are needed to make sense of the raw data. Often this intelligence needs to reside on the edge of the network close to the source of the data near the "things" comprising the IoT.

Just as the use of the word "cloud" exploded in the late 2000s, we have seen the term "Internet of Things" (IoT) appearing everywhere during the past couple of years. It seems as though everyone is jumping on the bandwagon. Can one make sense of this phenomenon?