South Korea’s Hyundai Heavy Industries Group is expanding its partnership with Palantir Technologies to implement the Palantir Foundry enterprise data management platform across its shipbuilding subsidiaries, following the completion of a pilot phase.
The operating system will be rolled out at its Hyundai Heavy Industries, Hyundai Samho Heavy Industries, and Hyundai Mipo Dockyard facilities, under its Korea Shipbuilding & Offshore Engineering (KSOE) umbrella company.
During the pilot phase, Hyundai says that its shipbuilding teams used Foundry to improve the architectural design of ships, ensure quality on production lines, and apply big data analysis to standard safety procedures.
The new deal is valued at $20 million over five years, adding to $25 million in previous contracts to implement the Foundry system at Group subsidiaries including Hyundai Oilbank and Hyundai Doosan Infracore.
“We will change the way we work by working with Palantir Technologies,” said Taejin Lee, CDO of HHI Group.
“We aim to enhance the competitiveness of our group by setting up an environment where we can make data-based decisions.”
The deal follows on from the two firms’ January 2022 announcement that they had signed an agreement to establish a big data platform for use across the Group and in Hyundai Heavy’s core markets in both the public and private sectors.
“Hyundai Heavy is an industrial leader working at the leading edge of some of the most complex engineering challenges that we collectively face,” said Alexander Karp, Co-Founder and Chief Executive Officer of Palantir Technologies.
“We could not be more enthusiastic about expanding our partnership and are actively working to extend access to our software across Hyundai Heavy’s operations, as well as the country’s commercial and government sectors.”