Palantir Solutions and Tibco’s Spotfire unit have teamed on a new visual analytics tool for oil and gas portfolio analysis. The new tool, PalantirPlan (PP) combines Palantir’s portfolio analysis tool with Spotfire’s visual analytics. PP allows planners to visualize and analyze data and to define targets, model project interdependencies and change timings, all with instant graphical update.
Palantir’s software provides economic evaluation, planning, consolidated project financial statements and a data integration/workflow solution. Palantir MD Jason Ambrose said, ‘Using the visual analytics capabilities of Spotfire, we were able to quickly bring PalantirPlan’s analysis to life. 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.’
Tibco’s Bill Doyle added, ‘PP will enable front-line users to get more out of the information they use each day and allow oil and gas companies to manage risk, respond to change and grow asset value through better decision making and faster data analysis.’
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