Doosan Infracore announced on April 29 that it has formed a strategic partnership with Palantir Technologies, an American big data unicorn, as part of the effort to accelerate digital transformation.
Palantir is a Silicon Valley-based big data startup that provides a big data analysis platform to organizations in various fields, ranging from public sector to finance to manufacturing. The platform can be used for variour purposes, including arresting criminals, preventing financial risk, and improving productivity and product quality
According to 2018 Inc.’s list of unicorns, Palantir is the fifth largest valued at $20.5 billion (24 trillion won) after Uber, Airbnb, SpaceX and WeWork.
Through a strategic partnership with Palantir, Doosan Infracore will build a big data platform to optimize business operation and speed up the decision making process. More specifically, the company will visualize data across businesses including sales, production, R&D, quality control, customer services, and IOT solutions "DoosanCONNECT." It will establish a system 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 startups. Partnership with Palantir will allow Doosan Infracore to lead the way and to be the best in digital transformation in the construction equipment industry.”