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

The Posiflex Group (including Posiflex, KIOSK Information Systems, and Portwell), announced a highly strategic partnership with Banyan Hills Technologies. 

Press Releases

Banyan Hills Technologies today announced that it has partnered with M&M Systems to provide industrial refrigeration facility owners and operators ...

Articles

Steve Latham, CEO and founder of Banyan Hills Technologies, penned an article for Industry Today about how global operations can ...

See All Latest News

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

Machine learning robot hand
Machine Learning: Why Your Enterprise Should Care

Machine learning is having a heyday right now, acting as a fundamental part of many products and services that define 21st century life ranging from the audacious to the mundane.

Read more
Woman tracking GPS in a smart city.
How IoT Will Enable the Smart Cities of the Future

IoT technology can improve the quality of life of citizens, save public money, and help governments do more with fewer resources.

Read more
How Small Businesses Can Benefit from IoT Technology

There’s a myth that big technology initiatives need to be championed by big enterprises. Don’t buy into that narrative.

Read more
How RFID is Making the IoT More Agile and Aware

RFID – short for Radio Frequency Identification – is a technology that allows information that’s been encoded in small, often completely unpowered tags to be read by scanning devices using radio waves.

Read more
How Does Blockchain Fit into the IoT?

You might know blockchain from its (much maligned) association with cryptocurrencies like Bitcoin and various ICOs (Initial Coin Offerings). But blockchain is really much more than that.

Read more
What is IoT Device Management?

Whether they’re moving past data warehouses to building data lakes, adding edge computing to their existing cloud computing architecture, or just asking your more detailed data to help create more targeted, customer-centric ad campaigns, the IoT is disruption-in-a-box.

Read more