As part of the effort to accelerate digital transformation, Doosan Infracore has formed a strategic partnership with Palantir Technologies.
Palantir is a Silicon Valley-based company that provides big data analysis platforms to organizations in various fields, ranging from the public sector to finance manufacturing, to be used for law enforcement, preventing financial risk, improving productivity and product quality.
Through the strategic partnership with Palantir, Doosan Infracore will build a big data platform to optimize the business operation and speed up the decision-making process.
More specifically, the company will visualize data across businesses including sales, production, research and development, quality control, customer services and IOT solutions, as well as establish a platform for collaboration to strengthen communication between businesses, and ultimately boost effectiveness in operation.
“We are continuously searching for new business opportunities by working with Silicon Valley startups,” Doosan said in a news release.
“A partnership with Palantir will allow Doosan Infracore to lead the way and to be the best in digital transformation in the construction equipment industry.”
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According to 2018 Inc.’s list of unicorns (a startup company with valuations of more than US$1 billion), Palantir is the fifth largest valued at US$20.5 billion after Uber, Airbnb, SpaceX and WeWork.
Alongside working with Doosan, Palantir runs analysis for numerous United States federal government departments, including defence and the Department of Health and Human Services. Recently, Palantir technologies was selected by the US Army to implement a battlefield intelligence system for soldiers – the first time the government has partnered with a Silicon Valley company rather than a traditional military contractor.
As well, Foreign Policy magazine recently named Palantir’s founder Alex Karp as one of 2019’s global thinkers in defense and security. Doosan Infracore is South Korea’s top manufacturer of construction equipment, engines, a variety of attachments and utility equipment. The partnership with the American big data unicorn company is a first in Korea.