Palantir [NYSE: PTR] Renew Contract with the UK’s Royal Navy

Palantir Technologies, Inc. [NYSE: PLTR] declared Friday that it has decided to extend the contract with the Royal Navy of the UK for its Palantir Foundry Platform. The software of PLTR is utilized by the Royal Navy across a broad spectrum of areas from strategic workforce gearing up to supply chain management to the COVID-19 response.

Furthermore, it has been disclosed that the extended contract will enable the Royal Navy to continue get advantage a more empowered workforce, at the same time holding firmly the security and privacy of its data, and full ownership of the logic behind its data model.

PLTR is allowing naval staffs, as well as noncombatants and workers, most without programming knowledge, the opportunity to gain access and involve with a carefully selected, single source of truth. Users are permitted to operate complex models to experiment with situations in order to make better choices, more quickly.

Additionally, the Royal Navy has built its own digital skills and data knowledge through its acceptance of Foundry. The funding the Royal Navy made in Foundry suggested it was able to respond quickly to the COVID-19 catastrophe as soon as possible last year. It took the Royal Navy less than 48 hours to get up a Recognized People Picture in Foundry utilizing self-informed updates to notify the leadership of the effect of the pandemic on its force.