Services

Internet of Things

It is widely anticipated that IoT will precipitate a major shift in people’s lives, not unlike the Internet.

IoT creates opportunities for expansion up and down the value chain for our customers. MILL5 partners with our industry-focused customers in an effort to look across their overall business. We uncover and identify key indicators of a poor customer experience, trapped excess margin or untapped data that become the baseline for transformation.

MILL5 focuses on identifying opportunities for our customers that include building a strategy that would disrupt their value chain through IoT. We work collaboratively with our customers to define and build both a business and technical roadmap. This permits our customers to see the big picture while distilling elements of that vision down to smaller discrete projects that allow our clients to iterate, prove out concepts and build consensus within the organization.

CHALLENGES & OPPORTUNITIES

As the Internet of Things connects more devices together, it provides more decentralized entry points for security breaches.

The increased reliability on IoT-driven data comes a new wave of privacy concerns and a newfound reliance on stable communications infrastructure.

The more things are interconnected, the more companies will need to gather data, push remote updates, and control devices in the field.

With multiple vendors involved in IoT solutions, who owns the vast amount of data that is generated?