Palantir's IPO Plans Are Just As Secretive As The Company Itself

For instance, The Guardian goes on to note that the Pentagon “used Palantir software [in Iraq] to track patterns in roadside bomb deployment and worked out garage-door openers were being used as remote detonators by predicting it.”

Palantir also has commercial customers that rely on them to detect fraud, study consumer behavior, and search for a competitive edge against rivals; these clients include JPMorgan Chase JPM, Hershey HSY, and Bridgewater Associates, a global investment management firm, among others. Overall, private customers make up about 75% of Palantir’s revenue,notes Fortune.

Big Data Pioneer

As a whole, Palantir prides itself on being one of the world’s Big Data solutions experts. It’s a term that refers to a collection of structured and multi-structured data from traditional and digital sources inside and outside a company, representing a source for ongoing discovery and analysis. Examples of structured data include tweets TWTR and other social media posts, while multi-structured data is something that can be derived from interactions between people and machines.

To help tackle Big Data, Palantir created two software suites for which it’s best known for. Formerly known as Palantir Finance, Palantir Metropolis is software for data integration, information management, and quantitative analytics. The software connects to commercial, proprietary, and public data sets and discovery trends, relationships and anomalies, including predictive analytics. And yes, this software suite is named after the home city of Superman.

For users like hedge funds, banks, and financial services firms, Metropolis provides a number of integrated applications in order to build up interactive models using all the data that is available in their system. This includes Custom Metric, Dashboard, Date Set, Explorer, Regression, and Spreadsheet applications.

The other is Palantir Gotham, formerly known as Palantir Government. This software integrates structured and unstructured data, provides search and discovery capabilities, knowledge management, and secure collaboration. Like Metropolis, Gotham is named after the home city of fellow superhero Batman.

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