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  • Writer's pictureAmit Kukreja

Palantir's App Store

Palantir officially announced Foundry Marketplace.

In the Palantir community, we have long theorized that a service such as this, would be the launching pad for Palantir to be able to grow and thrive into the next decade.

Shyam Sankar, Palanitr’s COO who said Palantir Foundry can be what AWS was last decade, for developers this decade, Lets see how this might actually be the case.

With modularity backed by foundry's ontology, Foundry Marketplace will handle the infrastructure of distribution and application updates. Enterprises can instead focus on building a compelling data product that their customers can discover and install as SAAS.

Palantir has partnered with customers across Industries to build impactful data assets and workflows to deliver compelling value to individual teams and enterprises. From Healthcare Operations, Semiconductors, Supply Chains and even Aviation manufacturing, companies which choose to adopt Palantir’s technology have been able to create their own ecosystem of data

This announcement from Palantir has yet to truly reveal the product, they did put together a teaser video, but nonetheless what might be coming to fruition is an app store for Foundry.

A Marketplace, a centralized place where individual startups, companies, or enterprises can build on top of Foundry.

What is the core value proposition of this?

Ontology is the thesis of Palantir. Not storing your data in compute, which is what AWS, Google, and Microsoft do, but interpreting your data.

Palantir offers this ability to customers.

Tyson foods is a great example of a company saving $200 million dollars from implementing a software that creates this ontology, obviously referring to Foundry.

Palantir has shown its value time and time again. What if there was an ontology, that single source of truth, that allowed other companies to build product offerings on top of it, think Foundry as a template. Companies with SAAS product offerings would be able to go and download these templates and workflows to host their services on top of.

A good example is apple's app store. Apple created a service where individuals could come and build an app directly from them. Then utilize their app store for distribution and really just streamline the creation of different products. A Foundry Marketplace might function similarly in removing the friction between product idea and deployment for companies.

If a company has an idea for a new service, rather than hiring a team of developers to create a buggy backbone of software for the service. They might be inclined to build their idea on top of Palantir’s already existing software templates. Taking a cut along the way of course.

Shaping A Generation Of Developers

A generation of developers building on top of a product that shifts the next decade's trajectory of how technology companies are built.

These are all different pre-built ideas that people have on top of The Foundry Marketplace, which now we have an official word for. The network effects of this could be massive, as new developers get accustomed to building within Foundry, and then report to their C-suite executives requesting Foundry because that is the platform they are familiar with.

Take AWS as an example, in 2006 when people were building different services on AWS, they were experimenting with ideas that went on to become the Netflix's of the world. Netflix in 2006 was trying to figure out how to run a successful streaming service, an idea that had not ever been done successfully at scale before.

Developers were realizing the value of the cloud and streaming, and eventually many different companies were able to flourish because of Amazon’s AWS.

But notice how none of the companies built on top of AWS have eclipsed in market cap Amazon. This is because of the network effect. Amazon is benefitting from having developed the technology that enabled the creation of dozens of brilliant ideas which flourished over the last two decades.

Similarly, Palantir is establishing what could become the next AWS in terms of enabling ideas to flourish for potentially the next decades to come.

The difference is that unlike AWS at the time, Palantir’s Foundry Marketplace arguably does not have a GCP or Azure to compete against… yet…

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