Benzinga | Jun 24, 2021 07:00AM EDT

Palantir, DataRobot Partner to Bring Speed and Agility to Demand Forecasting Models

For retailers, few challenges are as complex and critical as demand forecasting. Today, AI pioneersDataRobotandPalantir Technologies Inc (NYSE:PLTR) announced a new partnership designed to create unique, agile, and real-time solutions to help solve the most pressing demand forecasting problems.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210624005216/en/

Demand forecasting models are often outdated, rigid, and poorly equipped to deal with change. The speed in which supply chains, consumer demand, and shipping logistics have changed over the past year has forced organizations to rethink their approach when it comes to demand forecasting for the future. To support retailers in managing this challenge, DataRobot and Palantir have partnered to create a custom, newly developed framework that will empower companies to take on a more nimble strategy to demand forecasting, eliminating the time and resources spent on manual data cleansing and one-off manual modeling. The framework combines the best of Palantir Foundry and DataRobot model development capabilities to give customers the ability to create and test data-driven, easily updated forecasting models in minutes, not months, from a single platform. With a holistic view of the retail ecosystem, brands will be able to avoid previous blind spots, and make better and more impactful business decisions.