IBM and Palantir Partner to Help Businesses Easily Deploy Powerful and Open AI Applications

New solution leverages Palantir Foundry and integrates with IBM Cloud Pak for Data, IBM Watson and Red Hat OpenShift

Partnership designed to support businesses looking to maximize the value of vast amounts of data including those in retail, financial services, manufacturing, healthcare and telecommunications

The two companies will also deliver the expertise and data science skills businesses need to scale AI-infused solutions

IBM and Palantir Technologies announced a new partnership consisting of IBM’s hybrid cloud data platform designed to deliver AI for business, with Palantir’s next generation operations platform for building applications. The product is expected to simplify how businesses build and deploy AI-infused applications with IBM Watson and help users access, analyze, and take action on the vast amounts of data that is scattered across hybrid cloud environments – without the need for deep technical skills.  The new product, Palantir for IBM Cloud Pak for Data, is planned for general availability in March of 2021.

Today, nearly 75 percent of businesses surveyed in an IBM sponsored report say they are exploring or implementing AI. However, 37 percent cited limited AI expertise and 31 percent cite increasing data complexities and silos as barriers to successful adoption.

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To help address these challenges, the new product will leverage Palantir Foundry and will integrate with IBM Cloud Pak for Data services, such as Watson, providing an information architecture that includes data and AI with built-in governance. It is designed to provide an easy to use “no-code/low-code” environment for building applications that use AI to inform data-driven decision making and automate tasks and processes. Built on Red Hat OpenShift, Palantir for IBM Cloud Pak for Data is intended to help businesses reduce data silos, integrate data sources across hybrid cloud environments, and govern data throughout the AI lifecycle. The product is being designed to help users securely build and deploy AI applications with that data quickly, to rapidly complement and extend existing enterprise systems and accelerate their digital transformation.

In addition to providing clients with the technology they need, together IBM and Palantir have the combined expertise and data science skills to help businesses scale AI. Working with the IBM Data Science and AI Eite Team, organizations across industries can tackle data science use cases and overcome the challenges of AI adoption.

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“Fiserv is operating in an increasingly complex global environment – supporting financial institutions and businesses in a world that never powers down. Our goal is to enable our clients with a competitive advantage through our ability to securely harness data and create intelligence through advanced models and automated decision making,” said Guy Chiarello, CAO and Head of Technology and Innovation at Fiserv. “This partnership between two of the world’s technology leaders will help companies in the financial services industry provide business-ready data and scale AI with confidence.”

“Our clients deliver products and services while operating in some of the most complex, fast-changing industries of the world,” said Rob Thomas, Senior Vice President, Cloud and Data Platform, IBM. “Together, IBM and Palantir aim to make it easier than ever for businesses to put AI to work and become data-driven throughout their operations.”

“Palantir was founded to build software for the world’s most critical institutions,” said Alex Karp, Chief Executive Officer of Palantir. “Our partnership with IBM combines our forces to put our joint solution into the hands of the institutions and people who need it most and will propel the world’s most critical institutions into an unprecedented new digital age. We share IBM’s commitment to the adoption of responsible and ethical AI.”

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