Eaton Deepens Partnership with Palantir to Enhance AI Use in Operations
May 29 2024 - 6:59AM
Business Wire
- Palantir AIP Now Marketplace applications will create more
value, faster for Eaton’s global operations
- The partnership builds on Eaton and Palantir’s previous
success working together to develop a solution to prevent material
shortages for Eaton’s supply chain team
Intelligent power management company Eaton and Palantir
Technologies Inc., a leading builder of AI systems for the modern
enterprise, announced today the expansion of their partnership to
bring Palantir’s Artificial Intelligence Platform (AIP) to Eaton’s
operations.
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The enhanced collaboration will offer a unique data management
solution to accelerate and modernize Enterprise Resource Planning
(ERP) deployments with AI-powered data mapping, cleansing, and
migration automation. Palantir will support Eaton’s AI innovation
process by providing a systematic way to turn ideas into reality. A
set of AIP Now Marketplace applications will speed up value
creation across Eaton’s global operations.
“While many talk about the promise of generative AI, Eaton and
Palantir are building something real in the heart of our
operations,” said Ross Schalmo, Eaton’s chief data officer. “We
view these AI-enabled applications as strategic differentiators
that will greatly accelerate productivity and, more importantly,
improve our ability to deliver value for our customers.”
Previously, Eaton and Palantir worked together to develop and
deliver an AI-assisted workflow for Eaton’s supply chain team. The
solution proactively identified and resolved material shortages,
preventing downtime and unblocking the assembly of finished
goods.
Palantir enables and optimizes decision-making across some of
the world’s most complex organizations by bringing together siloed
and disconnected data sources, logic assets, and systems of action
into a single common operating picture. Introduced in 2023, AIP
brings the power of large-language models (LLM), and other
cutting-edge AI, to enterprise networks, private data, and core
operations - with maximum security and trust.
“The scope and reach of Eaton, with operations in some 160
countries, along with its position as a leader in the energy
transition, make it an ideal partner for Palantir,” said Danny
Lutkus, commercial lead for industrials at Palantir. “Through the
use of our software, we’re excited to increase the adoption of AI
in Eaton’s operations and accelerate Eaton’s impact in powering the
clean energy and AI revolution.”
ABOUT PALANTIR
Palantir builds category-leading software that empowers
organizations to create and govern artificial intelligence across
public and private networks. Since 2003, we have helped some of the
world's most important organizations solve their most difficult
problems. Foundational Software of Tomorrow. Delivered Today.
ABOUT EATON
Eaton is an intelligent power management company dedicated to
protecting the environment and improving the quality of life for
people everywhere. We make products for the data center, utility,
industrial, commercial, machine building, residential, aerospace
and mobility markets. We are guided by our commitment to do
business right, to operate sustainably and to help our customers
manage power ─ today and well into the future. By capitalizing on
the global growth trends of electrification and digitalization,
we’re accelerating the planet’s transition to renewable energy
sources, helping to solve the world’s most urgent power management
challenges, and building a more sustainable society for people
today and generations to come.
Eaton was founded in 1911 and has been listed on the New York
Stock Exchange for more than a century. We reported revenues of
$23.2 billion in 2023 and serve customers in more than 160
countries. For more information, visit Eaton.com. Follow us on
LinkedIn.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements may relate to, but are not limited to,
Palantir’s expectations regarding the amount and the terms of the
contract and the expected benefits of our software platforms.
Forward-looking statements are inherently subject to risks and
uncertainties, some of which cannot be predicted or quantified.
Forward-looking statements are based on information available at
the time those statements are made and were based on current
expectations as well as the beliefs and assumptions of management
as of that time with respect to future events. These statements are
subject to risks and uncertainties, many of which involve factors
or circumstances that are beyond our control. These risks and
uncertainties include our ability to meet the unique needs of our
customer; the failure of our platforms to satisfy our customer or
perform as desired; the frequency or severity of any software and
implementation errors; our platforms’ reliability; and our
customer’s ability to modify or terminate the contract. Additional
information regarding these and other risks and uncertainties is
included in the filings we make with the Securities and Exchange
Commission from time to time. Except as required by law, we do not
undertake any obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future developments, or otherwise.
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Eaton Ashley O’Connell 216-990-5682
ashleynoconnell@eaton.com
Palantir Rita Devlin Marier media@palantir.com
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