DENVER–(BUSINESS WIRE)–Palantir Applied sciences Inc. (NYSE: PLTR, “Palantir”), a number one builder of working programs for the trendy enterprise, as we speak introduced it was ranked the No. 1 Synthetic Intelligence (AI) software program platform each in 2021 market share and income, in line 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 response to IDC, the marketplace for AI platforms software program grew 36.8% in 2021, equating to a $14.2 billion trade. A transparent indicator of how embedded and pervasive AI has develop 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 essential 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 impression throughout varied industries, the software program suppliers that may frequently innovate and drive success for his or her purchasers are extra essential 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.”
“Essentially the most vital arms race of our time is to assemble the subsequent technology of AI that’s each efficient and accountable. Whereas most corporations are content material with addressing the idiosyncratic wants and inefficiencies of choose prospects in a subset of industries, the market we search to deal with is actually limitless,” mentioned Alex Karp, Palantir’s CEO & Co-Founder. “The event of our software program just isn’t meant to merely amplify in a linear and direct vogue the output of human labor. As a substitute, our software program aspires to reinforce and intensify the productive energy of the human thoughts.”
Palantir Foundry is designed to remodel the way in which organizations function by making a central working system for his or her knowledge, integrating siloed knowledge sources into a standard 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 Information Integration Suite, or by implementing the whole Foundry platform.
Palantir’s software program is presently deployed in additional than 50 industries, and helps energy selections in among the most complicated 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.
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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 usually are not restricted to, Palantir’s expectations relating to 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 primarily based on data accessible on the time these statements are made and have been primarily based 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, lots of which contain components or circumstances which can be 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 switch or terminate their contracts. Further data relating to these and different dangers and uncertainties is included within the filings we make with the Securities and Trade Fee once in a while. Besides as required by legislation, 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.