Doosan Infracore Forms a Strategic Partnership with Big Data Unicorn Palantir

An official of Doosan Infracore said, “We are continuously searching for new business opportunities by working with Silicon Valley start-ups. The partnership with Palantir will allow Doosan Infracore to lead the way and to be the best in digital transformation in the construction equipment industry.”

Palantir is a Silicon Valley-based big data start-up that provides a big data analysis platform to organizations in various fields, ranging from the public sector to finance to manufacturing, to be used for arresting criminals, preventing financial risk, improving productivity and product quality and many other applications.

According to 2018 Inc.’s list of unicorns, Palantir is the fifth largest valued at $20.5 billion (or 24 trillion won) after Uber, Airbnb, SpaceX and WeWork. A unicorn is a start-up company with a current valuation of US$1 billion or more.

Through the strategic partnership with Palantir, Doosan Infracore will build a big data platform to optimize business operations and to speed up decision making processes. More specifically, the company will visualize data across businesses including sales, production, R&D, quality control, customer services and IOT (Internet of Things) solutions such as the ‘DoosanCONNECT’ system to establish a platform for collaboration to strengthen communication between businesses, and ultimately to boost effectiveness in company operations.