Palantir's Untapped Potential: Decoding the Artificial Intelligence (AI) Stock's Long-Term Value for Strategic Investors
Companies today generate mountains of data. That data can be of great value -- but only if it's correctly harnessed, visualized, and used to improve decision-making. Often, though, that data lives in a variety of different software systems, with various chunks siloed away in platforms that can't communicate with each other, complicating any effort to see the full picture. For instance, a corporation may have a customer services database, enterprise management software, a marketing platform, and more. Unifying the data from all of these platforms into one system and mining the integrated result for actionable insights is Palantir's (NYSE: PLTR) specialty, and why its services are in demand.
The Palantir Artificial Intelligence Platform (AIP) is its latest innovation, and it's loaded with potential.
Imagine a wholesale supplier facing a severe weather event affecting one of its centers. Management needs to know the most efficient alternative methods for keeping its customers supplied, and what effect its choices will have on margins. Or perhaps you manage planning a company's inventory levels, and you need to know what impact a price increase or decrease will have on demand. Or you want to automate your payment processing to suppliers by unifying documents like purchase orders, invoices, and warehouse receipts. These are all use cases for Palantir's AIP.
Source Fool.com
