Rio Tinto signs Palantir for data platform deal

Enterprise data software company Palantir Technologies Inc said it signed a multi-year enterprise agreement for its Foundry product with Rio Tinto.
Rio Tinto signs Palantir for data platform deal Rio Tinto signs Palantir for data platform deal Rio Tinto signs Palantir for data platform deal Rio Tinto signs Palantir for data platform deal Rio Tinto signs Palantir for data platform deal

Palantir's software will integrate raw data from a multitude of sources within Rio Tinto into a representation of critical mining operations

Financial details were not disclosed.

Palantir's software will integrate raw data from a multitude of sources within Rio Tinto into a representation of critical mining operations, allowing the miner to make decisions and take action using a single source of truth that combines operational and transactional data.

The data resource will be available to Rio Tinto's frontline and office-based workers.

"This partnership is 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," said Rio Tinto's chief information officer Fay Cranmer in a statement.

The new multi-year partnership with Rio Tinto builds on a number of successful data integration projects explored in 2020 across various business units including: transforming the miner's Borates operations to a digital business across the value chain, connecting people with data in Rio Tinto's underground operations; and assisting the company during the COVID-19 pandemic.

"This is a significant industry partnership for us", says Palantir chief operating officer 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."