Hyundai Heavy Industries (HHI) and Palantir Technologies agreed to collaborate on building a big data platform for HHI’s core businesses, including shipbuilding and offshore engineering. The two parties will also consider establishing a joint venture to promote the big data platform business in the mid- to long-term.
Based on the agreement, HHI Group and Palantir will jointly build a big data platform for the HHI’s key affiliates related to shipbuilding & offshore engineering, energy, and industrial machinery. HHI will provide the affiliates’ process expertise and sales know-how whereas Palantir will offer software and development personnel.
Once the big data platform for each affiliate is built, the two parties plan to create a joint venture that specialise in developing and selling big data platform services.
Based on the accumulated achievements, the joint venture will commercialise big data solutions from platform construction to operation to generate sales targeting domestic and foreign companies. The big data platform will also be adopted by energy affiliates, such as Hyundai Oilbank.
This partnership will be an important turning point in innovation of organisational culture that changes the way we work using data
Kisun Chung, CEO of Hyundai Heavy Industries Holdings, said.
HHI Group shaped one of the most significant industries of the twentieth century and is absolutely vital to the lives we lead
…commented Alexander C. Karp, co-founder and chief executive officer of Palantir Technologies.
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