Rio Tinto signs multi-year enterprise agreement with Big Data analytics specialist Palantir Technologies

On 28^th January 2021, the US-based Big Data Analytics Company Palantir Technologies announced that it has signed a multi-year enterprise agreement for its ‘Foundry Platform’ with global mining and metal giant Rio Tinto.

Palantir Technologies software will integrate raw data from a multitude of dissimilar sources into a representation of critical mining operations. Rio Tinto will be able to make decisions and take actions using a single source of truth that incorporates operational and transactional data. This data resource will be available, with the necessary security and privacy controls, to its frontline and office-based workers.

Fay Cranmer, CIO, Rio Tinto, said: “This partnership is an important step in our digital transformation; enabling fast-paced, forward-looking decision making across our operations leading to improved results in safety, cost and production.”

“We are excited to work with Palantir in the collaborative delivery of digital products, with best-in-class data technology.”

The new multi-year partnership with Rio Tinto builds on several successful data integration projects explored last year across various business units including transforming Borates to a digital business across the value chain; connecting people with data in Rio Tinto’s underground operations, and assisting the company with the safety and well-being of its employees during the COVID-19 pandemic.

Shyam Sankar, COO, Palantir Technologies, said: “This is a significant industry partnership for us. Our Foundry Platform has been used extensively to accelerate delivery and optimise value chains across a number of market sectors where safety matters.”