I have seen many articles on this topic where wall street is struggling to identify whether PLTR is a consulting company or products company. The answer is probably both, companies that contract out to companies like Palantir have vast amounts of data that need to be sifted, staged and analyzed that cannot be done with a universal product, just because of the sheer amount and variety of data sources. There may be a quick start product that is used but all the heavy lifting will need to be performed by consultants using boots on the ground.
So it does not surprise me that PLTR is so secretive about its business since this model tends to have long lead times in the sales cycle. It takes years to develop the relationships to close deals for this type of work. Competition is fierce as you have all the major consulting companies using cloud tools to do the same ,not to mention companies doing it themselves in-house, at a cost much significantly lower. I would compare PLTR to a hiring a pizza chef to your home to make a custom pizza pie or buying the ingredients in the super market and making it yourself.
What's your thought?
So it does not surprise me that PLTR is so secretive about its business since this model tends to have long lead times in the sales cycle. It takes years to develop the relationships to close deals for this type of work. Competition is fierce as you have all the major consulting companies using cloud tools to do the same ,not to mention companies doing it themselves in-house, at a cost much significantly lower. I would compare PLTR to a hiring a pizza chef to your home to make a custom pizza pie or buying the ingredients in the super market and making it yourself.
What's your thought?
