Palantir is a Silicon Valley-based big data unicorn (start-up firm with a current valuation of US$1bn or more) that provides big data analysis platform to organisations in various fields, ranging from public sector to finance to manufacturing, to be used for arresting criminals, preventing financial risk, improving productivity and product quality.
According to 2018 Inc.’s list of unicorns, Palantir is the fifth largest valued at $20.5 billion (or 24 trillion won) after Uber, Airbnb, SpaceX and WeWork.
Through strategic partnership with Palantir, Doosan Infracore will build a big data platform to optimise business operation and speed up decision making process. More specifically, the company will visualise data across businesses including sales, production, R&D, quality control, customer services, and IOT solutions ‘DoosanCONNECT’ to establish a platform for collaboration to strengthen communication between businesses, and ultimately boost effectiveness in operation.
An official of Doosan Infracore said: “We are continuously searching for new business opportunities by working with Sillicon Valley start-ups. Partnership with Palantir will allow Doosan Infracore to lead the way and to be the best in digital transformation in construction equipment industry.”
