Palantir Technologies Expands Japan Business with New $22.5 Million Contract

Palantir Ranked No. 1 in Worldwide Artificial Intelligence Software Study in Market Share and Revenue

Palantir Technologies announced that on December 28, 2020, it was awarded a $22.5 million, one-year contract in partnership with SOMPO Holdings for the “Real Data Platform for Security, Health, and Wellbeing”. SOMPO’s visionary Real Data Platform, or “RDP” is a collaborative ecosystem between public and private sectors that will improve healthcare in Japan, streamline supply chains across industries, and increase security and resilience in the region.

Read More: 7 ECommerce Insights For 2020 Peak Season

“Real Data Platform for Security, Health, and Wellbeing”

In November 2019, SOMPO and Palantir jointly established Palantir Technologies Japan K.K., a technology company that would provide Palantir’s platforms and services in Japan. Already, Palantir Japan has actively supported elder care transformation, with active work across dozens of facilities to make care plans more efficient and effective and improve facility operations.

Read More: Chatbots In B2B: 2021 Predictions

SOMPO’s RDP objectives will accelerate the digital transformation of Japanese commercial and governmental institutions, and create connected infrastructure across key industries. Japanese industries, ranging from healthcare to automotive to manufacturing, have generated a tremendous amount of “real data” over the past few decades. For example, Japan alone has more than 60,000 elder care facilities, each generating real data from suppliers, facilities, care plans, training programs, and more. The RDP, with SOMPO at the forefront, will serve as the connected infrastructure for this and other industries, including logistics, transportation, research, and government agencies.

Write in to psen@itechseries.com to learn more about our exclusive editorial packages and programs.