Today, IBM announced that it is partnering with Palantir Technologies to bring AI-infused applications to businesses with Palantir for IBM Cloud Pak for Data. The new product combines IBM’s hybrid cloud data platform designed to deliver AI for business, with Palantir’s next-generation operations platform for building applications. The solution will be infused with IBM Watson giving businesses an easier road to leverage AI in their environments. Palantir also announced that it is adopting Red Hat OpenShift, allowing it to run anywhere in the hybrid cloud.
Today, IBM announced that it is partnering with Palantir Technologies to bring AI-infused applications to businesses with Palantir for IBM Cloud Pak for Data. The new product combines IBM’s hybrid cloud data platform designed to deliver AI for business, with Palantir’s next-generation operations platform for building applications. The solution will be infused with IBM Watson giving businesses an easier road to leverage AI in their environments. Palantir also announced that it is adopting Red Hat OpenShift, allowing it to run anywhere in the hybrid cloud.
As we previously discussed, AI can be the next big game-changer. There are hundreds of ways for AI to improve business environments. There is automation to take away menial tasks to proactive maintenance when something goes wrong to discovering insights in real-time to create revenue streams and better products. While all this sounds great and lots of users would want to leverage it, there is the expertise gap preventing everyone from jumping on board. Enter Palantir for IBM Cloud Pak for Data.
IBM Watson is a fairly famous example of the company’s AI. Watson has been integrated into several products and AI in general has in IBM’s portfolio. Palantir for IBM Cloud Pak for Data integrates Palantir Foundry with IBM Cloud Pak for Data services, such as Watson, providing an information architecture that includes data and AI with built-in governance. To assuage the main concerns, this solution is designed to provide an easy to use “no-code/low-code” environment. So, users can easily and securely build AI applications to aid them in their daily business. The solution is built on Red Hat OpenShift and is said to help businesses reduce data silos, integrate data sources across hybrid cloud environments, and govern data throughout the AI lifecycle.
A few examples of industries that can benefit from Palantir for IBM Cloud Pak for Data:
- Retail: Retailers often face a complex challenge to deliver goods when, where and how customers want in the face of fluctuating supply and demand. Palantir for IBM Cloud Pak for Data is being designed to provide retailers with increased levels of visibility and transparency by integrating data across their operational siloes and using that data to quickly build new AI models and applications. This can help retailers to simulate and predict customer behavior and continuously monitor the health of their supply chain to proactively address critical issues and adapt faster to changes in demand and supply.
- Financial Services: Many financial services institutions have grown through mergers and acquisitions, which often results in a fragmented data and application environment. When ‘know your customer’ is a priority across the merged entity, it becomes a significant application development and data integration endeavor to have a single client view that is complete and accurate. Palantir for IBM Cloud Pak for Data is planned to help with rapid data integration, cleansing, de-duplication, and mapping to a common data model (or “ontology”) that can be quickly extended to additional use cases such as customer service, marketing, compliance, and crisis management.
- Healthcare: Data silos have long plagued the healthcare industry – potentially preventing data analysis that could improve business processes and overall care. Palantir for IBM Cloud Pak for Data is intended to help unify data across silos and disparate systems, to provide consistent datasets for healthcare providers, researchers, and institutions to analyze in order to generate outcomes for their business and patients.
- Telecommunications: In addition to supply chain management and fraud management, improving quality of service and optimizing marketing and sales campaigns to attract and retain customers is a common goal. Palantir for IBM Cloud Pak for Data is being designed to help combine data from suppliers, CRM applications, sales orders, and production data with models for campaign optimization call center optimization, and attrition prediction/prevention in order to improve customer care and increase value across multiple business objectives.
Availability
Palantir for IBM Cloud Pak for Data is expected to be available in March 2021.
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