Hyundai Heavy Industries (HHI) Group has decided to join hands with Palantir Technologies, a U.S. big data company, to build a big data platform in shipbuilding and marine businesses and establish a joint venture.
HHI Group signed a memorandum of understanding (MOU) with Palantir in Las Vegas on Jan. 4. Under this MOU, HHI Group, along with Palantir, will jointly build a big data platform at key affiliates in the group such as shipbuilding, marine, energy, and industrial machinery.
It is to create a system that processes and analyzes big data to provide intelligent services across all business areas. HHI Group provides its affiliates' process expertise and sales know-how, while Palantir provides software and development personnel, respectively.
HHI decided to introduce Palantier's big data platform in the process of building a shipyard that enables smart work management by connecting all processes from design to production in real time.
Hyundai Oilbank plans to maximize the efficiency of the process by integrating more than 100 production management systems into one.
HHI Holdings CEO Chung Ki-sun said, “We expect cooperation with Palantir to greatly increase the competitiveness of core businesses in the group. It will be an important turning point in organizational and cultural innovation that changes the way we work based on data."