Palantir Issues Additional Details About Industrials Capabilities to be Shown at “Double Click” on Wednesday, April 14, 2...
April 06 2021 - 6:59AM
Business Wire
Palantir Technologies (NYSE:PLTR) today issued additional
details about the Palantir Foundry capabilities it will be
highlighting in its Industrials demo at “Double Click” on
Wednesday, April 14, 2021, at 11:00am ET.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210406005162/en/
Palantir’s customers in Industrials span automotive,
distribution, heavy manufacturing, chemicals, utilities, and
others. These customers rely on Foundry to optimize operations and
maintenance, forecast network health, and respond to unexpected
events.
At the first installment of Palantir’s Double Click series,
engineers will demo the latest capabilities that make this work
possible:
- Chained model simulations. Foundry harmonizes data
models across all organizational domains, thereby establishing
semantic links between IoT time series data and supporting
metadata. This ontology can then be used to provide inputs to
models which mirror an organization’s real-world operations, which
in turn output into the ontology. To understand the full impact of
any decision, these models can be chained together in a digital
twin that can be used to adapt to events in real time, or run
rigorous simulations for future events. By uniting model-building
and operations in one platform, any insights and optimizations
propagate through an organization’s daily decisions.
- Unmatched range of analytical computations. In order to
overcome the usual trade-off between complex but slow queries and
simple but fast queries on ontological and time series data,
Foundry's query optimizer rewrites analytical queries in order to
push down operators towards the data, both in “hot” and in “cold”
storage. This means that queries execute with better performance
and smaller resource footprint. Moreover, the optimizer is
available to all queries, whether they were submitted through APIs,
from models, or via graphical analysis applications in Foundry.
This allows customers to interrogate up to many trillions of sensor
readings in real time.
- Dynamic orchestration without tradeoffs. Foundry serves
all IoT time series data that has been ingested into the platform.
The data is readily available through end-user APIs and diverse
tooling, without incurring the cost to store everything in
high-performance storage. Traditional time series systems force a
tradeoff between keeping data in optimized but expensive "hot"
storage, and offloading archived data to cheaper "cold" storage
where it can no longer be queried. Foundry’s "hot" / "warm" system
removes the tradeoff by automatically hydrating archived data into
hot storage on-demand. Using Foundry, customers have seen
compression ratios as high as 50x on machine-generated data,
depending on initial format. This allows industrial customers whose
capital assets are equipped with thousands of sensors each — such
as airplanes, oil wells, and manufacturing plants — to stream and
ingest millions of new data points per second.
In addition to these capabilities, Palantir will highlight two
new Archetypes available on top of Foundry that make these
capabilities available to industrial customers in a matter of
clicks, including:
- Foundry’s Quality Archetype enables customers to quickly
identify emerging issues, accelerate root cause analysis, manage
predictive maintenance, decrease warranty costs while increasing
recall accuracy, and digitally simulate changes such as swapping
raw materials or increasing throughput before committing to costly
production or supply chain changes.
- Foundry’s Supply Chain Archetype enables customers to
forecast network health, generate early warning alerts for
potential issues, algorithmically compare and optimize supply chain
scenarios, respond to ongoing shocks, and monitor key KPIs such as
cost, on-time performance, and CO2 emissions.
About Palantir Double Click
Palantir software is used by customers across 40 industries
worldwide. Double Click is Palantir's series of software demo
events that showcase how the company's platforms are used across
these industries and customers. Advance registration is required,
and is available at https://palantir.events/doubleclick. Capacity
is limited, and registration will close 24 hours prior to the
event. For more information regarding the event, please visit
https://www.palantir.com/double-click or email
double-click@palantir.com.
About Palantir Technologies Inc.
Palantir Technologies Inc. builds and deploys operating systems
for the modern enterprise. Additional information is available at
https://www.palantir.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements may relate to, but are not limited to,
Palantir’s expectations regarding the event and the expected
performance and benefits of, or anticipated updates to, its
software platforms. Forward-looking statements are inherently
subject to risks and uncertainties, some of which cannot be
predicted or quantified. Forward-looking statements are based on
information available at the time those statements are made and
were based on current expectations as well as the beliefs and
assumptions of management as of that time with respect to future
events. These statements are subject to risks and uncertainties,
many of which involve factors or circumstances that are beyond our
control. These risks and uncertainties include, but are not limited
to, our ability to meet the unique or anticipated needs of our
customers; the failure of our platforms to satisfy our customers or
perform as desired; the frequency or severity of any software and
implementation errors; and our platforms’ reliability. Additional
information regarding these and other risks and uncertainties is
included in the filings we make with the Securities and Exchange
Commission from time to time. Except as required by law, we do not
undertake any obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future developments, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20210406005162/en/
Lisa Gordon media@palantir.com
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