Palantir Foundry

Operative Excellence: Peek behind the curtain of Gen AI Transformation

Tuesday, March 19th, 5.30 pm, @ PwC

Palantir Foundry is an enterprise data management platform offering a wide array of features for working with big data. It builds upon an open data architecture, connecting data and their respective analytics with business teams. Foundry is the end-to-end solution to enable companies to base their decisions on real time data.

Global Alliance

Our experts have extensive experience with Palantir Foundry as a tool and have successfully managed a wide range of projects across different industries. We have a team of certified Palantir Foundry Data Engineers, Data Scientists, Data Analysts and Application Developers.

Our team also has a profound expertise with Palantir's AIP - Artificial Intelligence Platform, which enables teams to leverage the power of Generative AI in their enterprises and build entire use cases from scratch within hours.

Palantir PwC Global Alliance Logo
Palantir Global Alliance

The PwC Austria team builds upon the global alliance PwC has with Palantir, meaning that we ideate around use cases and go to the market together. In addition, we support companies to untap the full potential of their already existing Palantir Foundry infrastructure.

We bring along profound know-how for delivering end-to-end projects with Palantir Foundry. Our team has experience with both business and technical analysis as well as Generative AI, and offer Palantir consulting in multiple areas.

Service Offering

Enterprise Architecture

  • Designing the Palantir Foundry system landscape and using native Foundry APIs in order to ingest data from legacy systems
  • Helping clients leverage on a microservice based architecture and their corresponding data catalog
  • Optimizing Foundry within the broader organizational enterprise set-up and implementing a new data strategy or governance model such as data mesh

Data Modeling & Engineering

  •  Understanding business requirements to create a detailed design of a business-focused data models
  • Building, evaluating, deploying and managing complex ETL (Extract, Transform, Load) pipelines
  • Creating data health checks to ensure data validation at different stages of the data flows

Process Automation

  •  Automating workflows - performing data transformations or specific data engineering tasks based on a preconfigured set of parameters
  • Automating processes along the data streams such as establishing an automated data approval process, data anonymization, and sending notifications to help business users stay in control of their data

Application Development

  • Understanding business needs and project objectives thoroughly to ensure the application meets expectations
  • Developing applications on Foundry - operational tools, analytical dashboards, interfaces for business user interaction etc.
  • Testing and Quality Assurance: Conducting rigorous testing at each stage of development to identify and resolve bugs, ensuring a high-quality final product

Artificial Intelligence & Machine Learning

  •  Assisting development of machine learning workflows and proprietary models for various business needs
  • Integrating Palantir's Generative AI platform (Artificial Intelligence Platform) into various processes within Palantir Foundry
  • Developing extensive AI/ML use cases within different parts of the business

Successful Palantir Projects

Internal Audit

A company from an energy sector had an outdated limited system for tracking orders that was not sufficient for tracking down the fraud. There was a necessity for a system that proactively alerts the fraudulent activity, and PwC's team have been chosen to build such system on Palantir Foundry.

We've digitally replicated a top electricity company's assets and processes, unlocking valuable insights and operational improvements. Our custom dashboards provided unmatched visibility into supplier price changes across assets, locations, and timeframes. This helped users navigate price dynamics easily, improving procurement strategies.

Additionally, our advanced case manager dashboard streamlines issue resolution by allowing users to quickly flag significant price surges and manage cases efficiently. This approach not only boosts decision-making but also transforms cost management and operational agility in the energy sector.

ESG Reporting

An ESG reporting project for an insurance client including automated data ingestion for seamless integration of reporting-relevant metrics and their values.

Robust data processing capabilities ensure quality checks, validation, and historization for data integrity and reliability. The system features intuitive dashboards offering an overview of metrics and values, with secure frontend access for authorized department members to sign off on metric values, ensuring data protection and traceability. Users can add notes and comments linked to specific metrics, enhancing collaboration and context. Additionally, the system enables the creation of customized reports based on selected metrics, automatically downloadable in PDF or Excel formats.

Throughout the process, adherence to corporate colors maintained consistency across all applications and reports within Palantir Foundry.

CESOP (Regulatory Fraud Reporting)

A major client bank needed to monitor cross border transaction activity to fight VAT fraud in EU. PwC's team of experts has developed a deep understanding of regulatory requirements in order to come up with a way to report on the provided regulatory requirements.

After that, the team has developed a complex data model for a reporting tool, and a group of Palantir experts has leveraged the power of Foundry to developed a system that automatically detects and reports the required transactions.

As a result of the project, the client bank now uses a fast, efficient and automated reporting tool (with an option for manual adjustment) that fulfills regulatory requirements and helps tackle fraud in the region.

Analytical Data Lake

Following the current trends of becoming a data-driven company, the target of our customer was to build an analytical data lake. The requirements set out by the client were to use a platform which connects technical and non-technical users and fosters their collaboration. Palantir Foundry was chosen as a suitable platform. Based on the raw data coming from the legacy systems and the input from workshops with business / IT departments, PwC built data entities within the Foundry data model that can be used for analyses and understanding customer data.

Salesforce Integration

An international financial service provider planned to replace their current marketing and sales tool with Salesforce. PwC was asked to develop a solution to feed the Salesforce data model directly from the legacy systems, using Palantir Foundry as the central data hub. After analyzing which legacy systems and their corresponding data were required, a target architecture was defined and the data sources were ingested. Based on the target data model, automated pipelines were created to feed real-time data directly into Salesforce in order to send personalized e-mails to customers.

ECB Payment Statistics Reporting

Payment and transaction data from different legacy systems was ingested in a central data lake to comply with ECB regulatory requirements. Automated pipelines joined and transformed data from different sources to aggregate the data in a standardized .csv file format, which was subsequently sent to the ECB. In doing so, the bank was able to replace the cumbersome manual query processing with an automated solution.

Maturity Assessment

Our customer, a central governance team of a bank, has a regular task of collecting action plans related to immature applications across the business units in Europe. Their requirement was to have an automatized and timesaving solution for collecting and analyzing the data from various employees. For this reason, we developed a front-end automatized form in Palantir Foundry for efficient and unified data collection. One of the key points was to pay attention to the GDPR and data protection. The outcome was a user-friendly reporting tool with historization of all the submitted changes via the form.

Automated Risk Calculation

One of our clients reporting systems was outdated and severely lacked the performance needed to operate their day to day business processes. The PwC team was tasked to come up with a suitable replacement. The new solution was an automated Risk Assessment tool in Palantir which substituted running manual queries in various systems. After ingesting the needed legacy systems, we used data transformation to calculate the risk indicators which were consequently visualized, resulting in an end to end workflow within Foundry.

Anti Financial Crime Reporting

The need of our client was to have a profound data repository for extracting AFC Data (transaction data, customer data, etc) on demand of the arrival of the independent consultant. PwC was in charge of requirement engineering, coordinating data ingestion and data harmonization from different legacy systems and implementing data quality checks. We are provisioning the validated data extracts on the demand of the independent consultant and answering various business and technical related questions related to the AFC data.

My role encompassed technical analysis and developing PySpark. I started with data mapping and standardizing all the relevant data inputs from different legacies. The next step was to develop automated pipelines with data quality and health checks in order to reveal the suspected transactions on daily basis.

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Contact us

Enzo Orsi

Enzo Orsi

Partner, Head of Financial Services Technology Consulting, PwC Austria

Tel: +43 699 16305209

Lars Pelzer

Lars Pelzer

Manager, PwC Austria

Tel: +43 660 309 1022

Michaela Dicova

Michaela Dicova

Senior Associate, PwC Austria

Tel: +43 699 1630 6038

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