IoT

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|What is the Internet of Things?

What exactly do we mean when we say IoT? IoT, also known as the Internet of Things, is about more than simply connecting a device to the Internet. It’s about connecting to any physical device for centralized monitoring and control, real-time data capture, automation enablement and rich analytics.

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|Why IoT?

The Internet of Things (IoT) has created endless possibilities for new efficiencies. Through automation, everyday consumer devices and common user touch points, as well as self-service technologies we can create entirely new user experiences and points of interaction. Once we wake up these everyday devices and build out the IoT ecosystem, we can reimagine the way consumers interact and businesses operate.[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][vc_column_text]

GLOBAL MARKET Intelligent Vending

Expected to Reach

$11.84B

By 2025

Source: Grand View Research

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|Global Market

Interactive Kiosks CAGR

$13.43%

from 2017-2021

Source: Technavio

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|What is the scope of IoT?

The Internet of Things is going to have a tremendous impact when you consider the fact that more than 31 billion devices will be connected to the Internet by the year 2020. That’s more than five devices for every man, woman and child on the planet.[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width=”1/4″][vc_column_text]

GLOBAL MARKET Smart Lockers

Projected to Reach

$24.2B

By 2024

Source: Grand View Research

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|The Numbers Are Staggering

It’s all melding together. By 2020 there will be 44 trillion gigabytes of data. That’s equal to the number of stars in the universe. That’s a view worth admiring. Now picture one trillion sensors contributing to the rise of data in 2020. Picture $3 trillion being invested in the Internet of Things over the next 10 years.[/vc_column_text][/vc_column_inner][vc_column_inner column_width_percent=”100″ gutter_size=”3″ overlay_alpha=”50″ medium_width=”0″ mobile_width=”0″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ width=”1/4″][vc_single_image media=”2531″ media_width_percent=”100″ alignment=”center”][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner column_width_percent=”100″ gutter_size=”3″ overlay_alpha=”50″ medium_width=”0″ mobile_width=”0″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ width=”1/4″][vc_single_image media=”2532″ media_width_percent=”100″ alignment=”center”][/vc_column_inner][vc_column_inner width=”1/2″][vc_column_text]

|How Can IoT Help Your Business?

If you can’t measure it, you can’t improve it. Not only does the Internet of Things allow you to measure and improve things that couldn’t be measured a few years ago, the right IoT platform helps you crunch the numbers to figure out patterns and understand why things happen.[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][vc_column_text]

GLOBAL MARKET Retail Automation

Expected to Reach

$275.43B

By 2020

Source: Grand View Research

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More Canopy Features

Our IoT platform helps you achieve your business goals

Dashboard

Canopy provides an operator with a centralized web portal.

Operations

A feature-rich user interface to help manage the implementation.

Facilities

Track customizable, detailed information about your locations.

Devices

Track information on all of your connected devices.

Customers

Canopy has customer relationship management (CRM) capabilities.

Transactions

Monitor and manage device transactions and revenue.

Payments

Securely transact from a device via your chosen processor.

Inventory

Gain visibility into your inventory levels across the network.

IoT Campaigns

Automate tasks through an easy-to-use framework.

Marketing

Create rich marketing campaigns that deliver promotional content.

Incidents

Canopy provides an integrated incident management solution.

Reports

Canned and analytic reporting capabilities are available.

“We knew we needed this from day one. It’s an enterprise class solution that’s going to allow us to monitor a fleet of these things across the country and have that real-time visibility.”
Eric Hoersten
Swing King co-founder and COO/CTO

Awards and Recognition

A few of the places where Banyan has received recognition

Inc. 500 logo
IoT Innovations logo
Industry Today logo
Business Radio X logo
RFID Journal logo
VxChange logo

Latest News and Media

Stay up-to-date on all things Banyan Hills

Press Releases

Global leader in point of sale systems, self-service kiosks and embedded computing technologies joins forces with a leading remote management ...

Articles

The 2019 Venture Atlanta conference wrapped up, bringing in a record-breaking total of 1,100 attendees, including more than 300 venture ...

Articles

Steve Latham, CEO and founder of Banyan Hills Technologies, penned an article for RFID Journal describing how the Internet of ...

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A Few Of Our Customers

We like to keep good company.

Posiflex logo
C2C logo
M&M Systems logo
Sapience logo
Payscape logo
PDI logo
PTI logo
State of Mississippi logo

Integrations with several 3rd-party APIs and applications

Use third-party data in your KPIs and your IoT campaigns.

Ecobee logo
MailChimp logo
Honeywell logo
Dark Sky logo
Nest logo
Paypal logo
Square logo
Twilio logo
Wizr logo

Resources For Learning About the Internet of Things

Stay up-to-date in this fast moving industry

Connectivity in a city
Connectivity Speeds Are Accelerating. That’s Great News for IoT Technology

Gains in connectivity speeds are going to revolutionize the IoT and let us take for granted low power, long distance wireless connectivity.

Read more
Digital twin
What is a Digital Twin?

Imagine the cost savings that could come from having a perfect digital copy of an assembly line product – a replica that isn’t just about dimensions and assembly details, but also reflects materials, lifetime maintenance data, and more.

Read more
Indoor Positioning on a device.
A Gentle Intro to Indoor Positioning

Indoor Positioning, a fast-growing branch of the Internet of Things, has the power to remap the way we think about indoor spaces.

Read more
Executive Guide to AI and Machine Learning
An Executive’s Guide to Artificial Intelligence and Machine Learning

Executives driving AI and machine learning projects will need to pursue several tasks in order to successfully adapt this transformational technology. It's a tall order but the benefits are immense.

Read more
Facilities management
How IoT Technology Can Enhance Facilities Management

Facilities management is an unforgiving, challenging job with myriad demands and responsibilities. That’s why facilities managers should be keenly interested in putting IoT technology to work in their buildings.

Read more
Sight impaired man entering subway car
Here’s How the Internet of Things Can Improve Accessibility

The future of IoT is a very promising one for improving ease of access for everyone.

Read more