Back to Banyan Hills Insights

What is the Internet of Things?

About the Internet of Things

IoT is about connecting any physical device to the Internet for the purposes of centralized monitoring and control, real-time data capture, automation enablement and rich analytics.

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.

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.

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.

The Numbers Are Staggering

It’s all melding together. By 2020, there was expected to 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.

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.

Resources

Stay up-to-date on software connectivity

 
Direction Clear: As Wayfinding Signage Market Booms, Remote Management Best Practices Emerge

From airports to office buildings, shopping centers to city streets, digital wayfinding signage is increasingly showing the way when it comes to sharing dynamic information and directions.

James Webb telescope
Remote Monitoring Industry Expands, Reaches New Horizons

State of the Industry: Demand for remote monitoring and management is expanding across key sectors and industries.

MSP business owner looking relaxed.
How to Market Your MSP Business and Grow Revenue

MSPs are mostly marketed like any other service business. But, MSPs need specialized marketing strategies to capture the right audiences and generate the maximum return from lead generation.

Awards and Recognition

A few of the places where our company and our products have received recognition

 
Inc. 500 logo
Backed By ATL logo
Industry Today logo
TAG Innovation Awards logo
RFID Journal logo
VxChange logo
COVID-19 Update: Our commitment to our customers. Learn more