Big Data Platform 'Foundry' Official Contract Signed
'Digital Twin' Implemented Across All Processes
Maximizing Work Efficiency Through Strengthened Collaboration
Establishing Data-Centric Work Culture
[Asia Economy Reporter Choi Seoyoon] Hyundai Heavy Industries Group is accelerating the realization of the Future of Shipyard (FOS) by partnering with Palantir Technologies, the world's leading big data company based in the United States.
On the 21st, Hyundai Heavy Industries Group announced that it has signed a formal contract to introduce Palantir's enterprise big data platform, Foundry, to all its shipbuilding and marine subsidiaries, including Korea Shipbuilding & Offshore Engineering, Hyundai Heavy Industries, Hyundai Samho Heavy Industries, and Hyundai Mipo Dockyard.
Hyundai Heavy Industries Group is pushing forward the FOS project to become the world's first smart shipyard by 2030. Utilizing Palantir's Foundry, the group plans to implement a digital twin, which is key to building an advanced autonomous operation shipyard foundation covering all processes from design to production.
Through this collaboration with Palantir, Hyundai Heavy Industries Group expects to enhance data reliability and usability to maximize work efficiency. They also anticipate establishing a data-driven work culture across all areas, including production processes, top management decision-making, sales, engineering, and research and development.
Previously, Hyundai Samho Heavy Industries and Hyundai Heavy Industries conducted pilot tests of the big data platform with Palantir starting in January and May, respectively. They achieved results by organically integrating and complementing the vast accumulated data to derive optimization plans for design and production processes.
Hyundai Heavy Industries Group is also considering expanding the application of the platform to affiliates such as Hyundai Construction Equipment and Hyundai Electric in the future.
Meanwhile, both companies are carrying out various projects related to big data platform operations for Hyundai Heavy Industries Group's core affiliates in shipbuilding, energy, and construction equipment. Additionally, Palantir highly values the growth potential of Hyundai Oilbank, which is pursuing new petrochemical businesses, and has made a $20 million equity investment, continuing its business cooperation with Hyundai Heavy Industries Group.
A Hyundai Heavy Industries Group official stated, “Through the collaborative projects with Palantir, we expect to accelerate the digital transformation even further.”
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