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

Articles

IBM's Security Intelligence blog recently interviewed Banyan Hills Technologies CEO Steve Latham for an article on retail security and how ...

Press Releases

The Technology Association of Georgia (TAG), the state’s leading association dedicated to the promotion and economic advancement of Georgia’s technology ...

Press Releases

Banyan Hills Technologies today announced that its enterprise-ready, IoT-enabled remote monitoring service offered through Posiflex will be on display at ...

See All Latest News

A Few Of Our Customers

We like to keep good company.

Revel Systems logo
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

ipad with sign in front of it
Why Mobile Device Management is a Critical Tool for Modern IT Operations

Keep networks of mobile devices, such as tablet computers, fully-functional to ensure a positive customer experience. An MDM solution can help with diagnosing issues and pushing the latest software updates.

Read more
Industrial IoT
How Industrial IoT Analytics Can Enhance Business

Rich analytics help managers and leaders at every level drive the decisions and realize the improvements that the Internet of Things promises.

Read more
Woman at ATM machine
5 Ways Technology and the IoT Are Transforming Branch Banking

Though we take them for granted today, ATMs in particular have transformed the entire banking experience. Now, the Internet of Things (IoT) is now poised to revolutionize branch banking all over again.

Read more
Mark Wutka and Stephen Perkins both have several publishing credits to their name.
Banyan Developers Who Are Also Authors

Neither Mark Wutka nor Stephen Perkins went into their software development careers thinking they’d become published authors. But both Banyan Hills Technologies developers ended up seeing their names in print – in bookstores and on Amazon – after being approached by publishers who saw their work online.

Read more
Asset Tracking
How the IoT is Redefining Asset Tracking

The Internet of Things is redefining asset tracking in the same way it’s revolutionizing so many other aspects of industry.

Read more
Green IoT
Green IoT: How the Internet of Things is Improving the Environment

While it’s not always obvious what the long-term environmental impact of many new technologies will be, it’s absolutely clear that the IoT is shaping up to improve the environment in a wide variety of ways.

Read more