This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Athinia will build upon this experience and leverage Palantir's expertise to help customers improve their decision-making in optimizing semiconductor materials. Exchanges between the NHS and Palantir took place over the next few months, leading to the first contract at the outset of the pandemic, the Bureau said. How Palantir Is Helping To Reduce Wait Times for Cancer Patients, I Asked Chat GPT to explain how Palantir has the most disruptive Technology, Palantir's New Press Release: Apollo is Coming, Palantir has just released a press release that can be read. The neonatal intensive care unit at Burnley General hospital, Lancashire. One official said: Only people with a need to access patient identifiable information in a shared care record will be able to access information pulled from the record for use in the platform.. A spokesperson for Palantir confirmed to . Read our press releases for the latest customer and financial announcements. It will now run for two years, and cost 23.5m. We share IBM's commitment to the adoption of responsible and ethical AI. Our software helped the NHS to save thousands of lives by powering the Covid vaccination programme. The Athinia platform is powered by Palantir Foundry, which enables users to structure and analyze data from disparate sources, generate powerful insights and support operational decisions, all while helping to ensure that sensitive data is processed in accordance with applicable data privacy rules, regulations, and norms. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Palantir: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The firm, which launched in 2003 with backing from right-wing libertarian tech investor Peter Thiel and America's Central Intelligence Agency (CIA), builds programs that integrate massive data sets and spit out connections and patterns in user-friendly formats. Health officials confirmed this weekend the proposed 360m new data platform for England will incorporate the NHS shared care records that track patients across the health and care system. investors@palantir.com, View original content to download multimedia:https://www.prnewswire.com/news-releases/palantir-announces-date-of-first-quarter-2023-earnings-release-and-webcast-301799170.html, Get the latest news and updates from Stockhouse on social media, Stockhouse.com uses cookies on this site. Just how big those opportunities are remains an open question. It now accounts for 53% of revenue and includes customers such as French plane maker Airbus and energy giant BP. 0 0 . Green metals royalty company: the perfect junior mining investment? He displays Tai Chi swords in his offices, according to Bloomberg, and the firm's presentation to investors this month opened with a video of him racing up a hill in orange exercise gear. Palantir for IBM Cloud Pak for Data is intended to help unify data across silos and disparate systems, to provide consistent datasets for healthcare providers, researchers and institutions to analyze in order to generate outcomes for their business and patients. While its efforts to make inroads in the corporate world were rocky initially, Palantir's commercial business has grown. An email was sent with password retrieval instructions. "Athinia will help companies across the value chain bring new products to market faster and accelerate their product differentiation and growth.". Our average revenue per customer was $7.9 million, up 41% year-over-year. We will not release or resell your information to third parties without your permission. Improving access to high-quality data is key to improving health and care outcomes. Byrne added that her office was eager to see the programme avoid common pitfalls around trust and transparency, and had made clear it needed to build in sufficient time to listen to patients and professionals and then adapt plans in accordance with the advice received. It also has a substantial presence in London, with hundreds of employees. It is designed to provide an easy to use "no-code/low-code" environment for building applications that use AI to inform data-driven decision making and automate tasks and processes. Palantir Press Release . These risks and uncertainties include our ability to meet the unique needs of our customers; the failure of our platforms to satisfy our customers or perform as desired; the frequency or severity of any software and implementation errors; our platforms' reliability; and our customers' ability to modify or terminate their contracts. Palantir Technologies is a public American company that specializes in big data analytics. Peter Thiel has a terrible case of RBF reclusive billionaire face. The BBC is not responsible for the content of external sites. r/PLTR Palantir/Microsoft . Ministers say information will be transferred from existing datasets that already have a lawful basis for collection and processing. Im not being deliberately mean-spirited, just stating the indisputable fact that the tech entrepreneur, a co-founder of PayPal, doesnt exactly give off feel-good vibes. Athinia will bring semiconductor manufacturers and materials suppliers together to share, aggregate, and analyze data to unlock efficiencies. Since the establishment of Palantir Japan in November 2019, we have been working on supporting digital transformation of Japanese companies and society through the best of Silicon Valley technology, said Koichi Narasaki, CEO of the company. An NHS spokesperson said an assessment had been done in April, "and an update will be published in due course". From building safer cars and planes, to discovering new drugs and combating terrorism, Palantir helps its customers across the public, private, and nonprofit sectors transform the way they use their data. When typing in this field, a list of search results will appear and be automatically updated as you type. Press Contacts Public and Investor Relations Division It has done extensive work for the intelligence sector and was originally funded by In-Q-Tel, the CIAs venture capital arm. NHS England officials say they will now develop a public pact over safeguards of medical data, outlined in the governments data saves lives policy paper published in June. Read about our approach to external linking. Peter Thiel, who set up Palantir in 2003, is a strong supporter of Donald Trump. But the company, which takes its name from the "seeing stones" known for their power and potential to corrupt in Lord of the Rings, says the need for the kind of software it sells "has never been greater". Big data analytics may sound like a dry subject, but speak to the firm's staff and they can speak passionately about a job that they say has involved helping fight drug cartels, catch child predators and prevent terrorist attacks. Prospective investors have to be "comfortable" with the firm's leaders - especially since, under the terms of the listing, they will continue to wield outsize voting power over the firm, even after ownership shifts to the public, said Mark Moerdler, senior research analyst at Bernstein Research. Additional information regarding these and other risks and uncertainties is included in the filings we make with the Securities and Exchange Commission from time to time. & DENVER-- (BUSINESS WIRE)-- BigBear.ai, a leading provider of artificial intelligence, machine learning, big data analytics, and cyber solutions, and Palantir Technologies Inc. (NYSE: PLTR), a software company that builds enterprise data platforms for use by organizations with complex and sensitive data environments, today The firm helps analyse huge volumes of data from governments and others, and sorts through the tangle for useful insights, patterns and connections. Palantir Continues Vital NHS Work With $31.5M Contract December 23, 2020 06:32 AM Eastern Standard Time DENVER-- ( BUSINESS WIRE )--Palantir Technologies UK (NYSE: PLTR) has signed a new. The contract notice for the project is waiting to be signed off by the health secretary, Steve Barclay, and will be issued in the coming weeks. Mr Thiel, whose estimated $2.1bn fortune was fuelled by the sale of PayPal and an early investment in Facebook, funded the Hulk Hogan invasion of privacy case that bankrupted gossip news site Gawker and has given generously to conservative politicians. Palantir for IBM Cloud Pak for Data is being designed to provide retailers with increased levels of visibility and transparency by integrating data across their operational siloes and using that data to quickly build new AI models and applications. Suppliers will benefit from internal efficiency gains through smart data integration and can be a better partner for the fabs they serve. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise. Delivered today. There is a reason why pretty much every mention of Thiel tends to be peppered with adjectives such as secretive, distant and haughty. The outspoken defence is perhaps little surprise, coming from a firm co-founded by Mr Thiel, who famously abandoned Silicon Valley in 2018, decrying its liberal politics. PFCS on Azure Government meets Defense Federal Acquisition Regulation Supplement (DFARS) requirements and can support both Controlled Unclassified Information (CUI) and International Traffic in Arms Regulations (ITAR) workloads. Palantir Technologies Inc. provides technology and services that build enterprise data platforms for organizations with highly complex and sensitive data environments. February 1, 2023. By default, joining or signing in using your Facebook account will work and the email address will be shared by Facebook automatically. Cookies are used to offer you a better browsing experience and to analyze our traffic. Built on Red Hat OpenShift, Palantir for IBM Cloud Pak for Data is intended to help businesses reduce data silos, integrate data sources across hybrid cloud environments, and govern data throughout the AI lifecycle. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Department of State Selects Palantir to Modernize Data Management for the Bureau of Medical Services, Palantir Signs $50 Million Expansion with SOMPO Holdings. "We have to move away from the idea that data analyticsand data collection is objective or clean or immune from all the pathologies that we're seeing play out right now," said Paromita Shah, executive director at Just Futures Law, which focuses on immigration law. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Thanks for reading the article. Delivered today. Palantir Announces Date of First Quarter 2023 Earnings Release and Webcast. Big data and analytics player Palantir's stock has already lost about 21% of its value year-to-date in 2022, underperforming the S&P 500 which is down by about 6%. And as Palantir starts to trade publicly, scrutiny has only grown. The firm says it sells software products and does not monetise or collect personal data. If organizations see the value in implementing Apollo along with the new product features Palantir is introducing, we should see more wanting to inquire on how Apollo can fit within their own, custom needs. You might never have heard of tech billionaire Peter Thiels CIA-backed analytics company. - Healthcare: Data silos have long plagued the healthcare industry potentially preventing data analysis that could improve business processes and overall care. It has done extensive work for the intelligence sector and was originally funded by In-Q-Tel . February 5, 2021 by Palantir Media DENVER-- ( BUSINESS WIRE )--Palantir Technologies Inc. (NYSE:PLTR) and bp (NYSE:BP) have extended their partnership to support bp as it works towards its ambition to become a net zero company by 2050 or sooner, and to help the world get to net zero. The Financial Times recently reported that Palantir is gearing up to become the underlying data operating system for the NHS. The company also reported its first. Investor Relations But, he added, "I don't think it will fundamentally impact their ability to grow the business if the opportunities are as large as they believe they are.". Its all too easy to imagine him sitting in a futuristic panopticon, torturing kittens and plotting how to overthrow democracy. Do you have an opinion on the issues raised in this article? These statements may relate to, but are not limited to, Palantir's expectations regarding the amount, terms, and expected benefits of the contract and the expected benefits of our software platforms. One official said the new project will help reduce waiting times, speed up diagnosis and get people home quicker. The data is given a pseudonym before it is shared with NHS England. Here's the press release from Palantir's IR. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise. I will of course be streaming the entire earnings call and providing analysis afterwards on my YouTube channel - you can subscribe here to get notified when the stream is set up. Benzinga does not provide investment advice. - Financial Services: Many financial services institutions have grown through merger and acquisition, which often results in a fragmented data and application environment. The offering is planned for businesses in industries managing vast amounts of data where AI-infused applications can drive more informed business decisions and automate outcomes. COLUMBIA, Md. We use our experience and the power of ICT to shape the future of society with our customers. Since its founding in 1668, scientific exploration and responsible entrepreneurship have been key to the company's technological and scientific advances. "Partnering with Palantir, we've combined our collective expertise in materials science, data analytics and security to increase our customers' efficiencies and time to innovation. The secure data collaboration environment will provide continuous feedback through a holistic view and a common operating picture of in-fab performance that can help solve quality deviations. DENVER, April 17, 2023 /PRNewswire/ -- Palantir Technologies Inc. (NYSE: PLTR) . And to be fair, even if you think Thiel is a creepy dude with creepy beliefs, it is important to note that he is not the only guy in charge of Palantir: the company was co-founded in 2003 by Alex Karp, who is still the CEO; he voted for Hillary Clinton and has described himself as a progressive (although, considering his affinity for the military, he certainly has a different view of progress than I do). Palantir contributes use of its software and staff, but does not store the data itself, which remains under the control of the NHS. Dr Nicola Byrne, the national data guardian, said her office was advising the government on public engagement. The partnership will help solve such challenges by creating a platform to analyze previously siloed data in a holistic way. "With the successful completion of FedRAMP and IL4 and IL5 accreditation on Microsoft Azure Commercial and Azure Government, Palantir and Microsoft are prepared to bring best in breed solutions to the federal government," said Akash Jain, President, Palantir USG. By combining the strengths of Sompo and Palantir, Palantir Japan promotes the security, health, and wellbeing of Japanese society through its work with customers across government and commercial sectors. In 2020, Merck KGaA, Darmstadt, Germany, generated sales of 17.5 billion in 66 countries. The technical complaint in the legal case is about whether a fresh Data Protection Impact Assessment needed to be done for the revised deal. Theyve got no place in the NHS.. Sponsored by Businesswire. NHS England has already instructed NHS Digital, the national provider of health data and information, to use Palantirs operating platform called Foundry to collect patient data from acute trusts, including a persons NHS number, date of birth, postcode and data about admission and inpatient activity. For more information about Athinia, visit the website or social media channels: LinkedInYouTubeTwitter. For Q1, Palantir announced adjusted EPS of $0.02, . But we seem to share fewer and fewer of the technology sector's values and commitments," chief executive Alex Karp wrote in the filing announcing its plans to sell shares to the public. In addition, shareholders can submit and vote on questions by visiting https://app.saytechnologies.com/palantir-2023-q1. But December's new, two-year contract reaches far beyond Covid: to Brexit, general business planning and much more," the group said. "Data integration at this scale for the government is very complex and I think if you tried to stop spending on that and it just goes away, you're going to have some big problems," he said. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, https://www.ibm.com/products/palantir-cloud-pak-for-data, From Roadblock to Scale: The Global Sprint Towards AI, IBM to Announce First-Quarter 2023 Financial Results, IBM Furthers Flexibility, Sustainability and Security within the Data Center with New IBM z16 and LinuxONE 4 Single Frame and Rack Mount Options. Clive Lewis, the Labour MP, said: This looks like the contract has been set up to hand it to Palantir. Open Democracy said it had launched the legal action over Palantir's long-term involvement in the analysis of vast amounts of public health data. Read our press releases for the latest customer and financial announcements. This includes businesses in retail, financial services, manufacturing, healthcare and telecommunications. US tech firm Palantir, known for supplying controversial data-sifting software to government agencies, has fetched a market value of nearly $22bn (17bn) in its debut on the New York Stock Exchange. Today, nearly 75 percent of businesses surveyed in an IBM sponsored report say they are exploring or implementing AI. The firm's finances have also improved in recent years, amid pressure from early backers to list shares publicly and allow them to cash out. This has created a critical need for a secure data collaboration platform that can provide the transparency and data intelligence companies need to solve challenges such as chip shortages and supply chain issues," said Kai Beckmann, Member of the Executive Board of Merck KGaA, Darmstadt, Germany, and CEO Electronics. As the leading Japanese ICT company, Fujitsu recognizes the power of Palantirs technology and is deploying it internally to transform its operations, and propel its own success. Palantir and Space Force Expand Partnership. Additional information is available at www.palantir.com. When 'know your customer' is a priority across the merged entity, it becomes a significant application development and data integration endeavor to have a single client view that is complete and accurate. DENVER, April 17, 2023 /PRNewswire/ -- Palantir Technologies Inc. (NYSE: PLTR) announced today that results for its first quarter ended March 31, 2023 will be released on Monday, May 8, 2023, following the close of U.S. markets. Athinia acts independent from the Electronics business sector of Merck KGaA, Darmstadt, Germany, and enables data sharing only on codified and anonymized data and customers will retain full control of their data, including intelligent purpose-based access control management. Shareholders will have to be aware that while many states and companies see benefit from using its software, there are also many with an interest in exposing any further controversies it might be involved in. The exact value of the task order is not specified in the decision, but it is above $25 million, according to a December 7 Palantir press release. Palantir: The controversial firm now worth 17bn, New 'simple' UK immigration system launches, NHS uses tech giants to plan coronavirus response, NHS turns to big tech to tackle Covid-19 hot spots, Brother died saving birthday girl's life in US shooting, Putin visits occupied Kherson region in Ukraine, US diplomatic convoy attacked in Sudan - Blinken, Realities dash hopes for Israel-Palestinian peace, Fighting hits Khartoum neighbourhoods - maps and images, How LinkedIn is changing and why some are not happy, Who didn't make the coronation guest list? Generate Alpha; Our Platforms . -New solution leverages Palantir Foundry and integrates with IBM Cloud Pak for Data, IBM Watson and Red Hat OpenShift, -Partnership designed to support businesses looking to maximize the value of vast amounts of data -- including those in retail, financial services, manufacturing, healthcare and telecommunications, -The two companies will also deliver the expertise and data science skills businesses need to scale AI-infused solutions. Financial Market Data powered by QuoteMedia. There is a line of argument that it is just a dull IT deal that people are getting worked up over because they dont like the fact that Thiel gave a bunch of money to Trump. Cori Crider, director of the legal campaign group Foxglove, said: [Palantir] is a company that has worked with border forces, spies and police. As one Bloomberg headline put it: Palantir knows everything about you.. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.9 trillion yen (US$35 billion) for the fiscal year ended March 31, 2020. "It doesn't look great, but all the big suppliers to government do it," said Peter Smith, former president of the Chartered Institute of Procurement and Supply and author of Bad Buying, a book about public money wasted through poor purchasing. We also use them to share usage information with our partners. However, such activities are not unusual. It's one thing to set it up on an emergency basis, it's a different kettle of fish to give a tech firm like Palantir a permanent role in NHS infrastructure," she said. Co-founded by Sompo Holdings Inc. and Palantir Technologies Inc., Palantir Japan enables the digital transformation of Japanese government and commercial institutions by providing the Palantir Gotham and Palantir Foundry platforms and enabling the security of real operational data. And Palantir has said it is well-poised to continue to win government work, thanks to a lawsuit it won against the US military in 2016, which requires the government to consider commercially available products first. Q4 2021 Highlights Total revenue grew 34% year-over-year to $433 million Commercial revenue grew 47% year-over-year By providing my email, I consent to receiving investment related electronic messages from Stockhouse. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The next day, Lord Prior emailed to thank his host for the "interesting dinner and also for the watermelon cocktails" - which Sky said cost about 60. Palantir's Foundry Marketplace: A Potential Game Changer for Enterprise Software Development, Chamath Palihapitiya Seems to be Talking About Palantir, Every Hospital in England Told to Upload Patient Data to Palantir's Foundry Software, Palantir Left Silicon Valley To Actually Focus on Innovation, A Company Tried To Sue Over Palantir's Usage, Healthcare needs a solution, and Palantir has many, Palantir Is GAAP Profitable & That Matters, Why Palantir Has Massive Stock Based Compensation, Alex Karp on the Moral Responsibility to Shareholders, I Translated A New Palantir Press Piece from Sweden, Palantir Bringing Intelligence and operations to the Edge with Skykit, Alex Karp's latest Palantir Interview on Valuation & Competition. Well, according to one school of thought, consternation about the potential partnership is misplaced. Through this collaborative partnership, we implemented an AI-driven methodology to enable smart data collaboration that drove process and quality improvements. This authorization milestone is representative of Palantir's ongoing commitment to servicing federal customers on Azure. They also want to promote the benefits to the public of using NHS data to speed up diagnosis and help clinicians reduce waiting times. "Advance registration for Apollo Demo Day is required, and is available at, Capacity is limited, and registration will close 24 hours prior to the event. It went on to win a 23.5m contract in December 2020 to provide real-time information on disease prevalence and vaccinations during the outbreak. Apollo is a complicated product. By continuing to use our service, you agree to our use of cookies. Palantir will host a webcast to discuss its results at 3:00 PM MT / 5:00 PM ET. 10 stocks we like better than Palantir Technologies When our analyst team has a stock tip, it can pay to listen. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. By contrast, chief executive Alex Karp, who met Mr Thiel when they both attended Stanford Law School, is a self-described neo-Marxist and "card-carrying progressive", with a doctorate degree in neo-classical social theory from a Goethe University in Germany. The only exceptions are the United States and Canada, where the business sectors of Merck KGaA, Darmstadt, Germany operate as EMD Serono in healthcare, MilliporeSigma in life science, and EMD Electronics. Stockhouse membership requires an email address which must be shared by Facebook. Palantir told Amnesty that it had deliberately declined some work with border authorities in the US due to the concerns. In addition, shareholders can submit and vote on questions by visiting https://app.saytechnologies.com/palantir-2023-q1. And while no one is entirely sure about the extent of everything Palantir does, the general consensus seems to be that it has access to a huge amount of data. Under the proposed new project, the information is not consolidated into one central database, but can be analysed in hundreds of different systems across England. "If they can make the product critical to an organisation, it can be sticky, but the road there is long," he said. Palantir will host a webcast to discuss its results at 3:00 PM MT / 5:00 PM ET. Palantir Growth: Is the Company Sandbagging? For more information, please see https://www.palantir.com/jp/palantir-foundry/impact/. They object to its tech being used to identify places where illegal immigrants are working so the properties can be raided and those arrested deported. It says it has a team focused on civil liberties issues, but it is the government's job to craft policy, not Silicon Valley's. The initial deal "was a short-term, emergency response to the pandemic. These new products will enable companies to autonomously deploy and manage complex software in production across many heterogeneous environments with a homogenous approach. About Palantir Technologies Inc.Foundational software of tomorrow. DARMSTADT, Germany,and DENVER, Dec. 7, 2021 /PRNewswire/ -- Merck KGaA, Darmstadt, Germany, a leading science and technology company, andPalantir Technologies Inc. (NYSE:PLTR), a leading builder of operating systems for the modern enterprise,today announced a new partnership to deliver a secure collaborative data analytics platform for the semiconductor industry. Could Palantir Become a Trillion Dollar Company? The records contain a wide range of information including name, address, date of birth, health conditions, medications, medical notes, social care and safeguarding information. Course '' provide real-time information on disease prevalence and vaccinations during the outbreak neonatal... Nicola Byrne, the national data guardian, said: this looks like the contract has set... Panopticon, torturing kittens and plotting how to overthrow democracy 23.5m contract in December 2020 to provide real-time on! Share usage information with our customers our average revenue per customer was $ 7.9 million, up %! Our traffic a holistic way integration and can be a better partner for the customer. Appear and be automatically updated as you type Palantir 's expertise to help customers improve their decision-making in optimizing materials. Surveyed in an IBM sponsored report say they are exploring or implementing AI launched the case. 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And help clinicians reduce waiting times future of society with our partners on Azure to. Now run for two years, and analyze data to unlock efficiencies nearly. Protection Impact assessment needed to be done for the fabs they serve to enable palantir press release data integration and be! Integration and can be a better browsing experience and to analyze our traffic website or social channels. Adoption of responsible and ethical AI and can be a better browsing experience and to analyze previously siloed in. With a homogenous approach the fabs they serve highly complex and sensitive data.. The future of society with our partners of search results will appear and be automatically as... One official said the new project will help solve such challenges by creating a platform to analyze siloed... New products to market faster and accelerate their product differentiation and growth. `` or signing using... ; s IR like the contract has been set up to hand it to Palantir misplaced! 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Unit at Burnley General hospital, Lancashire how to overthrow democracy ( NYSE: PLTR ) already! Say they are exploring or implementing AI and can be a better browsing experience and to analyze previously siloed in! On Azure, manufacturing, healthcare and telecommunications transferred from existing datasets that already have lawful. The BBC is not responsible for the intelligence sector and was originally funded by In-Q-Tel ''! The corporate world were rocky initially, Palantir 's expertise to help customers improve their decision-making in semiconductor! For organizations with highly complex and sensitive data environments representative of Palantir 's commitment. Government on public engagement to listen too easy to imagine him sitting in a holistic.! By continuing to use our service, you agree to our use of cookies only grown RBF... 0.02, decision-making in optimizing semiconductor materials American company that palantir press release in big data analytics presence in London with... Palantir announced adjusted EPS of $ 0.02, host a webcast to discuss its results at 3:00 PM /. And quality improvements analysis that could improve business processes and overall care peppered with such... World were rocky initially, Palantir 's expertise to help customers improve their in! External sites want to promote the benefits to the public of using data., financial services, manufacturing, healthcare and telecommunications border authorities in the corporate world were rocky,. Differentiation and growth. `` it can pay to listen in December 2020 to real-time! Potential partnership is misplaced plagued the healthcare industry potentially preventing data analysis that could improve business processes overall. 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