Business
Palantir Issues Additional Details About Industrials Capabilities to be Shown at “Double Click” on Wednesday, April 14, 2021
DENVER--(BUSINESS WIRE)-- Palantir Technologies (NYSE:PLTR) today issued additional details about the Palantir Foundry capabilities it will be highlighting
About this update from Palantir Technologies Inc.
[{"type":"text","content":" DENVER--(BUSINESS WIRE)--\nPalantir 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.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210406005162/en/\nPalantir’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.\n\nAt the first installment of Palantir’s Double Click series, engineers will demo the latest capabilities that make this work possible:\n\n\nChained 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.\n\n\nUnmatched 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.\n\n\nDynamic 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-pe...