https://www.palantir.com/2007/12/what-do-we-do/
But, for me, it was even more helpful to look at their patents:
[1] http://www.washingtonpost.com/wp-dyn/content/article/2008/09... [2] http://www.dtic.mil/dtic/tr/fulltext/u2/a514114.pdf [3] http://mcchrystalgroup.com/
You don't need to carry out a crime to be convicted of a conspiracy to commit it, and as a result put in jail for a long time.
And "hairbrained" is an strange adjective to use for a company that is almost 100% engineers from top schools, pulling in a billion in funding, and working for the CIA.
All I know is the contents of the leaked presentation that laid out the plans against Wikileaks. I will ignore any PR and damage control about "hairbrained talk".
Take 1,000 people have them all work on very tiny things this might serve as a flush lever, or an atomic bomb trigger.
It could be stuff like combining criminal records, speed cameras, CCTV records, etc into a single profile of a person. (as just an example)
Very powerful when set up correctly.