FPT Software, Vietnam's leading IT solutions provider, has become the first Vietnamese exclusive resale partner of Palantir Technologies Inc. (Palantir), the leading builder of operating systems for modern enterprises. With this partnership, FPT Software will promote the adoption of Palantir's flagship solution Foundry among businesses in Vietnam, Malaysia, and Singapore.
With a global network in 58 countries and strong operations in Southeast Asia, FPT Software can help Palantir further expand its presence in the region. FPT Software aims to strengthen its capabilities with 80 Foundry specialists in Viet Nam and 20 at its Slovakia R&D Center in 2023 to serve projects across the APAC, MEA, and EU regions. According to Reuters, Palantir expects Asia to account for 40% of overall sales in five years.
Palantir Foundry is a fully managed SaaS platform for analytics, visualization, model-building, operational decision-making, and decision capture. It enables technical and non-technical users to make data-driven operational decisions. Foundry has been trusted by many established companies in Asia such as Hyundai, Sompo Insurance, Air Asia, Fujitsu, and Doosan.
"Data is one of the core pillars to enable digital transformation. FPT Software is thrilled to join forces with Palantir in providing data analytics and artificial intelligence solutions to help our clients accelerate their digital transformation journey and develop a strong competitive advantage," said Frank Bignone, FPT Software's Global Director of Digital Transformation.
According to IDC's Worldwide Big Data and Analytics (BDA) Spending Guide, Asia Pacific (APAC) spending on BDA solutions will grow by 19% this year and is expected to rise 1.6 times to US$53.3 billion by 2025. The increase in investments is driven by enterprises' evolving need to gain operational efficiency and resilience to provide a real-time response to external market disruptions such as the pandemic, supply chain vulnerabilities, or rapidly evolving customer needs.
The combination of FPT Software's expertise and Palantir's leading platform will assist companies in a wide range of industries including banking, financial services and insurance (BFSI), manufacturing, aviation, etc. in leveraging data to improve their decision making, boost revenue and gain cost efficiency.