Hyundai Heavy signs MOU with US firm for Data Platform
Hyundai Heavy Industries Group, the world's biggest shipbuilder by sales, said Wednesday it has signed a pact with a US data analytics firm for the big data platform business.
At the Consumer Electronics Show held in Las Vegas, the South Korean shipbuilder signed a memorandum of understanding (MOU) with Palantir Technologies Inc. to establish a big data platform and a joint venture, the company said in a statement.
"The partnership will substantially improve the competitiveness of the group's core businesses, and it will be an important turning point in innovation of organizational culture," Chung Ki-sun, chief executive officer of Hyundai Heavy Industries Holdings, said in the statement.
Under the MOU, the two companies will jointly build a big data platform for the group's key affiliates related to shipbuilding and offshore engineering, energy, and industrial machinery.
The group will provide the affiliates' process expertise and sales know-how, whereas Palantir will offer software and development personnel, it said.
Once the platform is built, they will create a joint company that specializes in developing and selling big data platform services and commercialize big data solutions from platform construction to operation to global companies, the company said. (Yonhap)
This image provided by Hyundai Heavy Industries Group on Wednesday, shows a conceptual image of the group's liquefied hydrogen carrier being developed by the group. (Yonhap)
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