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Palantir Reloads for the Corporation - NYTimes.com
December 5, 2013, 10:00 am Comment
Palantir Reloads for the Corporation
By QUENTIN HARDY

Palantir Technologies is a big data software company whose roots in government security mask a growing corporate presence. It is also getting a larger war chest to go with that growth....The company’s initial customers included several United States defense and intelligence agencies. But today, more than 60 percent of its revenue is from commercial sources, according to the Palantir executive, who spoke on the condition on anonymity.

While most big data companies create databases that gather large and diverse information sources, then apply pattern-matching software to see if something interesting pops up, Palantir’s technology tries to encode a human element. It has worked on augmenting the way humans in a given field parse information by studying specialists in such areas as fraud spotting, or doctors who isolate outbreaks of food poisoning. The software then augments those human pattern-finding skills.

While this has proved effective for finding insurgent bomb makers and missing children, it also seems to work in finance, health care and other industries.
Palantir  data  data_mining  artificial_intelligence  large_companies  massive_data_sets  security_&_intelligence  pattern_recognition  information_sources 
december 2013 by jerryking
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