The companies are set to launch a product called Palantir for IBM Cloud Pak for Data in March 2021
IBM and Palantir Technologies have joined forces to unveil a new product called Palantir for IBM Cloud Pak for Data for helping businesses in deploying open artificial intelligence (AI) applications.
The new solution will also help businesses in unlocking important data across hybrid cloud environments.
Palantir for IBM Cloud Pak for Data brings together IBM’s hybrid cloud data platform that is designed to power business with AI and Palantir’s operations platform for building applications.
The new product is designed to make it easier for businesses to build and deploy AI-infused applications with IBM Watson.
Besides, it enables users without any deep technical skills to access, analyse, and take action on data scattered across hybrid cloud environments.
Palantir for IBM Cloud Pak for Data is likely to be rolled out next month for general availability.
The product will make use of the Palantir Foundry platform and will integrate with Watson and other IBM Cloud Pak for Data services for giving an information architecture that includes data and AI with built-in governance.
According to IBM, the new solution will give an easy to use “no-code/low-code” environment for developing applications that use AI to help in data-driven decision making and automation of tasks and processes.
Palantir for IBM Cloud Pak for Data is built on Red Hat OpenShift.
Its developers intend the solution to aid businesses in decreasing data silos, integrate data sources across hybrid cloud environments, and also for governing data right through the AI lifecycle.
Palantir for IBM Cloud Pak for Data will target businesses in industries that handle huge amounts of data where AI-infused applications can help in delivering more informed business decisions and in automating outcomes.
The targeted sectors for the new solution will be retail, financial services, healthcare, manufacturing, and telecommunications.
Fiserv CAO and technology and innovation head Guy Chiarello said: “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.
“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.”