Palantir Technologies Inc. recently announced it had signed a multi-year enterprise agreement with Rio Tinto.
FREMONT, CA: Palantir Technologies Inc. recently announced that it has signed a multi-year enterprise agreement with Rio Tinto, one of the top mining and metals corporations, for its Foundry Platform.
The Palantir software can incorporate raw data into a depiction of essential mining operations from many disparate sources. Using a common source of information that includes operational and transaction data, Rio Tinto will be able to make decisions and take measures. The data resource will be open to its frontline and office-based employees, with the required security and privacy controls.
"This partnership is an important step in our digital transformation; enabling fast-paced, forward-looking decision making across our operations leading to improved results in safety, cost and production," says Fay Cranmer, Rio Tinto's CIO. "We are excited to work with Palantir in the collaborative delivery of digital products, with best-in-class data technology."
The new multi-year collaboration with Rio Tinto expands on a range of active data integration projects discussed last year across different business units. It even includes transforming Borates to a digital organization within the value chain, linking people to data in the underground operations of Rio Tinto, and supporting the organization during the COVID-19 pandemic with its employees' safety and well-being.
"This is a significant industry partnership for us," says Shyam Sankar, COO of Palantir. "Our Foundry Platform has been used extensively to accelerate delivery and optimize value chains across a number of market sectors where safety matters."
Palantir Technologies Inc. is a software organization that develops enterprise data platforms for companies with dynamic and sensitive data environments. Palantir helps consumers across the public, private, and non-profit sectors to change the way they use their data by developing safer cars and aircraft, exploring new drugs, and fighting terrorism.