POSCO Future M Partners with U.S. Palantir to Build an Unassailable Edge in AI Transformation
Foundry and AI Platform Adoption Agreement
Sales and Marketing Customer Responsiveness to Rise by More Than 60%
POSCO Future M said on October 21 that it had signed an agreement to adopt Foundry, the data operations and analytics platform developed by U.S. software company Palantir, and its Artificial Intelligence Platform (AIP).
A view of POSCO Future M's cathode materials plant in Pohang, located in Yeongil Bay Industrial Complex No. 4. POSCO Future M
View original imagePOSCO Future M plans to accelerate AI-based manufacturing innovation through this partnership. Palantir is a leading software platform provider that helps companies and institutions connect distributed data to decision-making and action. It supplies software to a range of industries, including security, manufacturing, finance, and healthcare.
Under the agreement, POSCO Future M plans to first apply the platforms in sales and marketing to enhance customer engagement and collaboration. After validating the results of its AI initiatives, the company will consider gradually expanding the scope of Foundry and AIP to accelerate AI-based manufacturing innovation and, ultimately, company-wide transformation.
POSCO Future M expects Palantir's solutions to enable it to integrate and analyze distributed data and make decisions more quickly. The company also expects to accelerate the development of an "AI-native" system in which AI is used throughout the process, from work planning to execution, while people make judgments and decisions at the final stage.
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A POSCO Future M official said, "Through AI-based manufacturing innovation, we aim to improve customer responsiveness in sales and marketing by more than 60% and increase manufacturing productivity by 30%. In the medium to long term, we will also build a platform that leads the way in setting standards for the battery industry ecosystem, using data accumulated throughout the process from product manufacturing to sales."
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