Palantir, TIBCO Team Up to Enhance O&G Portfolio Planning Solution
Palantir Solutions provides economic and planning consultancy and software to the oil and gas community to provide improved transparency and rapid asset evaluation. It has partnered with TIBCO Software Inc. to enhance PalantirPlan, its existing portfolio visualization tool, with the leading dynamic visual analytics provider in the market.
PalantirPlan powered by TIBCO Spotfire® is an energy sector portfolio planning solution. It allows planners to visualize, analyze, and explore attribute-rich data in real time. Users can define targets and constraints, model project interdependencies and shift project timings with the graphically presented results displayed instantly.
Jason Ambrose, MD, Palantir Solutions commented, "In the face of increasing data volume and complexity, users can increase the speed of reasoned decision-making. Using the visual analytics capabilities of Spotfire, we were able to quickly bring PalantirPlan's analysis to life. So often energy companies and their advisors are able to understand and analyze data but then struggle to communicate it clearly and coherently among colleagues involved in the decision making process."
Bill Doyle, VP of Channel Sales and Business Development at TIBCO Software Inc., added, "This new partnership, that combines Palantir Solutions' expertise providing solutions to the oil and gas industry and Spotfire's powerful visualization and analysis platform, will enable front-line users to get more out of the information they use each day. With PalantirPlan powered by TIBCO Spotfire, oil & gas companies can manage risk, respond to change and grow asset value through better decision making and faster data analysis."
The Palantir Solutions Software Suite comprises of four program solutions:
- Cash -- Economic Evaluation Solution: an economic system on which accurate and reliable economic analysis can be performed in a secure and standardized manner.
- Plan -- Portfolio Planning Solution: a portfolio analysis solution that allows planners to get an in-depth insight in the portfolio by creating detailed business plans, setting targets and extensive shuffling of projects and attributes.
- Financials -- Consolidated Financial Statement Solution: an integrated product that builds dynamic financial statements that can be tuned to the users' own company standards.
- Workflow -- Data Integration Solution: a data integration solution that allows data from different sources to be automatically converted and consolidated without placing extra workflows upon user groups.