LAS VEGAS, Jan. 5, 2022 /PRNewswire/ — Hyundai Heavy Industries (HHI) Group will construct a giant information platform for the Group’s core companies, together with shipbuilding and offshore engineering, in partnership with Palantir Applied sciences Inc., the world’s finest American massive information analytics firm. The 2 events additionally determined to think about establishing a three way partnership to advertise the massive information platform enterprise within the mid- to long-term.
HHI Group introduced that it signed a memorandum of understanding with Palantir Applied sciences in Las Vegas on January 4 for the institution of a giant information platform and a three way partnership.
The settlement signing occasion was held in a hybrid on-line and offline format someday earlier than the world’s most influential tech occasion “CES 2022.” The occasion was attended by Kisun Chung, CEO of Hyundai Heavy Industries Holdings; Younger-cheul Cho, CEO of Hyundai Doosan Infracore; Seok Cho, CEO of Hyundai Electrical; in addition to chief executives from Palantir Applied sciences.
Primarily based on the settlement, HHI Group and Palantir Applied sciences will collectively construct a giant information platform for the Group’s key associates associated to shipbuilding & offshore engineering, power, and industrial equipment. HHI Group will present the associates’ course of experience and gross sales know-how whereas Palantir Applied sciences will provide software program and growth personnel.
As soon as the massive information platform for every affiliate is constructed, the 2 events plan to create a three way partnership that makes a speciality of creating and promoting massive information platform companies. Primarily based on the amassed achievements, the three way partnership will commercialize massive information options from platform development to operation to generate gross sales focusing on home and overseas firms.
Hyundai Heavy Industries, a shipbuilding and offshore engineering affiliate of HHI Group, is engaged on the “Way forward for Shipyard (FOS)” venture to rework itself into a wise shipyard, the primary of its type on the earth, by 2030. All processes from design to manufacturing are related in actual time to construct a shipyard that allows sensible work administration the place Palantir Applied sciences’ massive information platform is utilized.
The massive information platform can even be adopted by power associates, corresponding to Hyundai Oilbank. The power firm plans to construct a platform at its plant in Daesan, South Chungcheong Province, South Korea, for 5 years from this 12 months with a technique to maximise course of effectivity by integrating greater than 100 manufacturing administration programs into one.
Hyundai Doosan Infracore, an affiliate of business equipment, already developed “DI 360,” a giant information collaboration platform, with Palantir Applied sciences in 2019, and is at the moment utilizing it to handle its components provide chain, deal with on-site high quality declare points, and seize gross sales alternatives. HHI Group and Palantir Applied sciences are additionally planning to think about constructing a platform for different associates, corresponding to Hyundai Building Tools.
Kisun Chung, CEO of Hyundai Heavy Industries Holdings, stated, “We count on that this partnership with Palantir Applied sciences will considerably enhance the competitiveness of core companies of the Group. It is going to be an essential turning level in innovation of organizational tradition that adjustments the best way we work utilizing information.”
“HHI Group formed one of the vital vital industries of the 20th century and is totally important to the lives we lead,” stated Alexander C. Karp, co-founder and chief govt officer of Palantir Applied sciences Inc, who attended by way of a video name. “We’re deeply grateful for the chance to companion with an organization that’s not solely a pacesetter among the many world’s industrial giants however one whose continued development and success are vital to our collective welfare and safety.”
- About Palantir Applied sciences Inc.: Palantir Applied sciences Inc. builds and deploys working programs for the fashionable enterprise. Extra data is out there at https://www.palantir.com.
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SOURCE Hyundai Heavy Industries (HHI) Group