Read more: CapitaLand Group partners with Microsoft to enhance digital capabilities
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CapitaLand Group and Microsoft have recently signed a memorandum of understanding (MoU) in order to harness the power of artificial intelligence (AI) and advanced technologies across the CapitaLand Group’s businesses.
As part of the collaboration, CapitaLand will become a part of Microsoft Singapore’s AI Pinnacle Program. This will enable the company to utilize Microsoft’s platforms, services, and solutions to boost customer engagement and improve operational efficiency in various areas, including funds, investment, retail, lodging, and development.
Among other things, the partnership will explore potential areas of collaboration in infrastructure development and utilize Microsoft’s Azure cloud computing platform to enhance CapitaLand Investment’s data center design and products. Moreover, the integration of AI, data analytics, and machine learning will play a crucial role in strengthening CapitaLand’s digital transformation efforts.
Quah Ley Hoon, Group Chief Corporate Officer of CapitaLand Investment, said, “Our collaboration with Microsoft marks a significant step towards our digital journey. AI will play a pivotal role in shaping our future by improving operational efficiencies and creating value for our stakeholders.”
In addition to this agreement, CapitaLand Investment (CLI) – the real asset management arm of CapitaLand – has also signed an MoU with the Singapore Business Federation (SBF). This partnership aims at establishing a framework for digitalization and integration of AI across CLI’s retail ecosystem.
As part of this initiative, the two companies will work together to facilitate the adoption and proof of concept for AI, data analytics, and cybersecurity solutions. This will help enhance business efficiency and competitiveness while also developing AI-focused competency and skills among retail tenants.
The collaboration with Microsoft and SBF is a crucial step towards CapitaLand’s digital transformation journey. With these partnerships, the company aims to leverage cutting-edge technologies to improve customer experience, drive operational efficiencies, and create long-term value for stakeholders.