QR Code said to be perhaps one of the best things to happen to the web wise society in this day and age. Nonetheless, there are a few myths encompassing them that have discoloured this innovation; and in all honesty, they sound very evident.

If you trust them, they can truly risk your capacity to utilize them and have a successful asset tracking & asset management. How about we take a gander at the top five myths encompassing QR codes.

What is QR Code?

The full form of QR code is a quick response code. It's a 2-dimensional code that is in machine-readable form. Initially, QR code technology was manufactured to track cars but nowadays they are used everywhere.

As the name suggests, a QR code responds quickly and much more data at a reasonable price. That is why it is successful in all industries. From small stalls to big mega marts and malls. A QR code can store 200 times more character than a regular barcode.

They are user-friendly and very simple to use. However, we have seen several articles that have shown the cons of the QR Code. Maybe those cons were the past thing, but now we have seen the QR Code has overcome those issues. Let us explore!

5 Myths About QR Code Technology

1. QR Code is difficult to scan

It is believed that the QR Code is hard to scan. You have to hold your hand in a straight line in order to scan the QR Code. And your hand needs to be stable. No, it is just a rumour! It's a misconception. A good smartphone scans the QR Code very quickly (in Nanoseconds).

2. QR Code technology is expensive

This is one of the most common myths. QR Code is not expensive. If executed effectively they will cost-effective because you will be able to save a lot of money in maintenance and increase the efficiency of machines and equipment (Assets).

3. QR Code is Bygone technology

Around 2010 QR Code technology was everywhere. But at that time most people do not have a smartphone and the phone does not come with the QR Code Scanner. So eventually this QR Code technology failed but after a few years' smartphones were everywhere and come with QR Code Scanner. Apple also added an inbuilt QR Code to its native camera because QR Code becomes so popular that Apple could not ignore it.

4. QR Code is not popular

As we have mentioned above smartphones were not there and in-built QR Code technology was not there on mobile back then.

However, now the QR Code technology is dominating.

According to a recent survey by Statista, in the US alone, an estimated 11 Million households will scan a QR Code in 2020. This is on an increase from an estimated 9.76 Million scans in 2018. Furthermore, in Asia, there are a lot of users who make payments with QR codes. Big brands such as Paytm, WeChat, etc. holds hundreds of millions of users.

5. QR Code does not provide analytics

Without any second thought, we can say that the QR code is very popular as a marketing tool. Everyone agrees on that, but some people think that it does not provide the analytical data. Maybe this was a problem of yesterday but now you can get all the data.

Also Read: How RFID transformed asset tracking in oil and gas industry?

Conclusion

In the past, maybe there were issues in the QR Code technology but as of now, we don't see problems. It is fast scans quickly and retrieves the information quickly. They are used in abundance especially in terms of Asset Tracking & Asset Management.

We know that for a long time QR codes and other 2D barcodes are significant tools for inventory, stock management, and manufacturing. QR code technology is relevant in any industry. If are thinking to implement the QR Code in your company and the first thing you need to do is set your mind & remove these myths.

Frequently Asked Questions (FAQs)

1. How can I utilize the QR Code in business?

Asset tracking - With QR Code you can track your assets & inventory. You can know the location of your assets. Check-in and check-out of each equipment and when your asset needs servicing.
Share location - If any customer wants to come to your office. They can scan the QR code mentioned on your website and it automatically sends the address & how to reach the direction to its destination.
Business card - Every businessman carries their business card so why not every card should get an essence of digitalization. As QR code can store much more information, therefore a businessman must utilize this opportunity.

You can design your QR code in a detailed manner. Hence, once it is scanned it can show all your business-related information such as your website, social media pages, pictures. Not just your name, contact number, and company name.

2. How does the QR code technology works?‍

A QR code technology works similarly as a barcode technology. It is a machine-scannable picture that can be scanned via a Smartphone camera or scanner in a split of a second. Each QR code comprises of various dark squares and spots which is encoded in data form.