- Palantir AIP Now Marketplace applications will create more value faster for Eaton's global business.
- This partnership builds on the previous success Eaton and Palantir have had working together to develop solutions to prevent material shortages for Eaton's supply chain team.
DUBLIN & DENVER –(BUSINESS WIRE)–
Enhanced collaboration delivers a unique data management solution to accelerate and modernize enterprise resource planning (ERP) adoption through AI-powered data mapping, cleansing, and migration automation. Palantir supports Eaton's AI innovation process by providing a structured way to bring ideas to reality. A suite of AIP Now Marketplace applications accelerates value creation across Eaton's global operations.
“While many are talking about the potential of generative AI, Eaton and Palantir are building something real at the core of what we do,” said Ross Charmot, Eaton's chief data officer. “We see these AI-enabled applications as a strategic differentiator that will significantly accelerate productivity and, more importantly, improve our ability to deliver value to our customers.”
Previously, Eaton and Palantir worked together to develop and deliver an AI-assisted workflow for Eaton’s supply chain teams. The solution proactively identified and resolved material shortages, preventing downtime and uninterrupted assembly of finished products.
Palantir enables and optimizes decision-making across the world's most complex organizations by integrating siloed and disconnected data sources, logic assets, and action systems into one common operational picture. Launched in 2023, AIP brings the power of Large Language Models (LLMs) and other cutting-edge AI to enterprise networks, private data, and core operations with maximum security and reliability.
“Eaton's reach and influence, operating in approximately 160 countries, and its position as a leader in the energy transition make it an ideal partner for Palantir,” said Danny Lutkus, industrial commercial lead at Palantir. “We're excited to use our software to expand the adoption of AI in Eaton's operations and accelerate Eaton's impact driving the clean energy and AI revolution.”
About Palantir
Palantir builds category-leading software that empowers organizations to create and manage artificial intelligence across public and private networks. Since 2003, we've helped some of the world's most important organizations solve their toughest problems. We deliver the software that powers tomorrow's foundation, today.
About Eaton
Eaton is an intelligent power management company committed to protecting the environment and improving the quality of life for people around the world. We manufacture products for data center, utility, industrial, commercial, machine manufacturing, residential, aerospace, and mobility markets. We are guided by our commitment to do business right, operate sustainably, and help our customers manage power now and into the future. By leveraging growing global trends of electrification and digitalization, we are accelerating the planet's transition to renewable energy sources, helping solve the world's most pressing power management challenges, and building a more sustainable society for people today and future generations.
Founded in 1911, Eaton has been publicly traded on the New York Stock Exchange for more than a century. With projected sales of $23.2 billion in 2023, the company serves 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 terms of the agreement, and the expected benefits of our software platform. 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 they are made and are based on current expectations regarding future events and management's beliefs and assumptions at such time. These statements are subject to risks and uncertainties, many of which relate to factors or circumstances beyond our control. These risks and uncertainties include our ability to meet our customers' unique needs, the possibility that our platform may not satisfy customers or perform as expected, the frequency or severity of software and implementation errors, the reliability of our platform, and the ability of our customers to modify or terminate their agreements. Additional information regarding these and other risks and uncertainties is contained in the Company's filings from time to time with the Securities and Exchange Commission. Except as required by law, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.
contact address
Eaton
Ashley O'Connell
216-990-5682
[email protected]
Palantir
Rita Devlin Marie
[email protected]
