- Drug distributor Cardinal Health ( NYSE: CAH ) announced a collaboration with the software company Palantir Technologies ( NYSE: PLTR ) on Thursday to offer a data-driven supply chain solution for pharmaceuticals.
- As part of the partnership, Palantir's ( PLTR ) operating system Foundry will integrate Cardinal Health solution to combine artificial intelligence (AI) and machine learning with diagnosis and clinical data regarding pharmaceuticals.
- The solution, backed by data and privacy protections, will also incorporate real-time customer purchasing and consumption data.
- The partnership is designed to "improve access to critical medications and streamline pharmacy inventory management," Peter Siavelis Cardinal's ( CAH ) senior vice president and general manager of Health System and Provider Distribution & Services.
- The collaboration is part of the company's efforts to proactively support its clients as they "continue to manage rising drug expenses, supply chain volatility, and continued drug shortages," Siavelis added.
- Read: Seeking Alpha contributor Low Budget Dividend Investing argues that Cardinal ( CAH ) is "a Dividend Aristocrat with a proven commitment to increasing payouts" despite the recent slowdown in its dividend growth.
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Cardinal Health partners with Palantir for data-driven supply chain support