Palantir Technologies has signed an agreement worth around $20m over five years for the expansion of its partnership with South Korea-based Hyundai Heavy Industries (HHI) Group.
The deal will enable HHI’s other entities, including Korea Shipbuilding & Offshore Engineering (KSOE), to use the Palantir Foundry operating system.
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KSOE will deploy the operating system across its shipbuilding subsidiaries, which include Hyundai Heavy Industries Co, Hyundai Samho Heavy Industries and Hyundai Mipo Dockyard, to accelerate its ‘Future of Shipyard’ vision.
Foundry will be used across the shipbuilding subsidiaries to help teams improve safety and operational efficiency through data-driven decisions.
Under a pilot phase, the shipbuilding teams used the operating system to enhance the architectural design of ships, improve quality on production lines and integrate the output of big data analysis into standard safety procedures.
The Foundry system is already implemented at Hyundai Oilbank for crude oil selection and daily refinery operations.
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By GlobalDataPalantir Technologies co-founder and CEO Alexander Karp said: “Hyundai Heavy is an industrial leader working at the leading edge of some of the most complex engineering challenges that we collectively face.
“We could not be more enthusiastic about expanding our partnership and are actively working to extend access to our software across Hyundai Heavy’s operations, as well as the country’s commercial and government sectors.”
Earlier this month, HHI joined forces with Avikus, Korean Register (KR), and Liberian Registry (LISCR) to commercialise the Hyundai Intelligent Navigation Assistant System (HiNAS 2.0).
