DENVER–(BUSINESS WIRE)–Palantir Applied sciences Inc. (NYSE: PLTR, “Palantir”), a number one builder of working techniques for the trendy enterprise, at present introduced it was ranked the No. 1 Synthetic Intelligence (AI) software program platform each in 2021 market share and income, in keeping with the IDC, Worldwide Synthetic Intelligence Platforms Software program Market Shares, 2021: AI is Being Utilized in Extra Distinctive Methods Than Ever (doc #US49602222, September 2022) report.
In accordance with IDC, the marketplace for AI platforms software program grew 36.8% in 2021, equating to a $14.2 billion business. A transparent indicator of how embedded and pervasive AI has change into throughout all enterprise functions. The report additionally discovered that early adopters report 35% enchancment in innovation and 33% enchancment in sustainability by investing in AI over the previous three years.
The more and more broad adoption of Palantir’s Foundry and Gotham choices throughout some the world’s most necessary organizations has been pushed by the willingness of establishments to innovate and adapt with AI enabling platforms.
“In a time the place AI is having a profound influence throughout numerous industries, the software program suppliers that may frequently innovate and drive success for his or her purchasers are extra necessary than ever. Palantir has demonstrated its clear management in AI on a worldwide scale from each a market share and income perspective and are on a trajectory to proceed to take action,” mentioned Ritu Jyoti, IDC’s Group VP, AI and Automation. “We predict that the expansion of the AI sector is nowhere close to slowing down and we’re excited to see how Palantir continues to separate itself from the competitors by fixing the hardest enterprise challenges on the market with their platforms.”
“Probably the most vital arms race of our time is to assemble the following era of AI that’s each efficient and accountable. Whereas most firms are content material with addressing the idiosyncratic wants and inefficiencies of choose prospects in a subset of industries, the market we search to handle is basically limitless,” mentioned Alex Karp, Palantir’s CEO & Co-Founder. “The event of our software program shouldn’t be meant to merely amplify in a linear and direct style the output of human labor. As an alternative, our software program aspires to reinforce and intensify the productive energy of the human thoughts.”
Palantir Foundry is designed to rework the way in which organizations function by making a central working system for his or her knowledge, integrating siloed knowledge sources into a typical analytics and operations image, whereas supporting essential knowledge privateness and safety protections. This may be achieved by implementing stand-alone modules such because the Foundry Knowledge Integration Suite, or by implementing all the Foundry platform.
Palantir’s software program is at present deployed in additional than 50 industries, and helps energy selections in a number of the most advanced knowledge environments on this planet, together with manufacturing, well being sciences, finance, and authorities.
Be taught extra about how Palantir’s AI enabled platforms stack up towards the competitors and the way CEO, Alex Karp, views firm development over current years.
About Palantir Applied sciences Inc.
Foundational software program of tomorrow. Delivered at present. Further data is on the market at https://www.palantir.com.
Ahead-Trying Statements
This press launch comprises forward-looking statements inside the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended. These statements could relate to, however aren’t restricted to, Palantir’s expectations concerning the anticipated advantages of our software program platforms. Ahead-looking statements are inherently topic to dangers and uncertainties, a few of which can’t be predicted or quantified. Ahead-looking statements are based mostly on data obtainable on the time these statements are made and had been based mostly on present expectations in addition to the beliefs and assumptions of administration as of that point with respect to future occasions. These statements are topic to dangers and uncertainties, a lot of which contain components or circumstances which are past our management. These dangers and uncertainties embrace our capability to satisfy the distinctive wants of our buyer; the failure of our platforms to fulfill our buyer or carry out as desired; the frequency or severity of any software program and implementation errors; our platforms’ reliability; and our prospects’ capability to change or terminate their contracts. Further data concerning these and different dangers and uncertainties is included within the filings we make with the Securities and Trade Fee infrequently. Besides as required by regulation, we don’t undertake any obligation to publicly replace or revise any forward-looking assertion, whether or not because of new data, future developments, or in any other case.
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/tronc/TGQERJWGOBGN7MQGRFOMISAMB4.jpg)
