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As Smart Tags Speed Ahead, Software Hasn't Caught Up; Data Can't Be Analyzed; Developers of business intelligence programs say they need standards.(INTERNET & TECHNOLOGY)

Investor's Business Daily

| April 29, 2005 | COPYRIGHT 2003 Investor's Business Daily, Inc. (Hide copyright information)Copyright

Byline: J. BONASIA

Radio frequency identification tags -- so-called smart tags -- are expected to transform the business world.

But there's a problem with smart tags, analysts say: They aren't being used in a smart way.

RFID tags, which can track supplies, products and even people, are bringing in a flood of data. But there isn't enough to software to analyze all the information. New business intelligence analytics software is needed to fill that void.

That's created a big potential market for makers of such software -- called BI for short. But many of the industry's biggest players, such as Cognos, Business Objects and SAS Institute, have failed to capitalize on …

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