Palantir Technologies Inc. announced today it has signed a multi-year enterprise agreement for its Foundry Platform with Rio Tinto, one of the world’s leading mining and metals corporations.
Palantir’s software will mesh raw data from a multitude of disparate sources into a representation of critical mining operations.
Palantir’s integration of data will help Rio Tinto in making decisions and taking actions using a single source of truth that combines operational and transactional data.
With the necessary security and privacy controls, this data resource will be available to Rio Tinto’s frontline and office-based workers.
Fay Cranmer, Rio Tinto’s CIO, described the partnership as “an important step in our digital transformation; enabling fast-paced, forward-looking decision making across our operations leading to improved results in safety, cost and production.”
The new multi-year partnership with Rio Tinto comes as an offshoot of a number of successful data integration projects Palantir explored last year across various business units.
Some of these are transforming Borates to a digital business across the value chain; connecting people with data in Rio Tinto’s underground operations; and assisting the company with the safety and well-being of its employees during the COVID-19 pandemic.
“This is a significant industry partnership for us”, says Shyam Sankar, COO of Palantir. “Our Foundry Platform has been used extensively to accelerate delivery and optimise value chains across a number of market sectors where safety matters.”