rate
CapitaLand Group recently signed a memorandum of understanding with Microsoft, marking an exciting collaboration between the two companies. This partnership will see CapitaLand leveraging artificial intelligence (AI) and advanced technologies to enhance its businesses.
Under the MoU, CapitaLand will join Microsoft Singapore’s AI Pinnacle Program, gaining access to Microsoft’s platforms, services, and solutions. This will allow CapitaLand to improve customer engagement and operational efficiency across its funds, investments, retail, lodging, and development businesses.
The collaboration will focus on various areas such as infrastructure development, where CapitaLand will utilize Microsoft’s Azure cloud computing platform to enhance its data centre design and products. The two companies will also integrate AI, data analytics, and machine learning to drive CapitaLand’s digital transformation efforts.
Quah Ley Hoon, Group Chief Corporate Officer of CapitaLand Investment, shared that this partnership is a significant step in the company’s digital transformation journey. According to her, AI will play a vital role in shaping CapitaLand’s future by improving operational efficiency and creating value for all stakeholders.
In a separate MoU, CapitaLand Investment (CLI), the real asset management arm of CapitaLand, also collaborates with the Singapore Business Federation (SBF). The agreement aims to establish a framework for digitalization and AI integration across CLI’s retail ecosystem.
Some of the initiatives under this partnership include facilitating the adoption and proof of concept for AI, data analytics, and cybersecurity solutions. CLI will also focus on developing AI-focused competency and skills among its retail tenants to enhance business efficiency and competitiveness.
When purchasing a condominium, it is crucial to also factor in the maintenance and management of the property. Condos usually come with maintenance fees that cover the maintenance of shared spaces and amenities. Although these fees may increase the overall cost of ownership, they are necessary to maintain the property’s condition and preserve its worth. To simplify the management of their condos, investors can enlist the services of a property management firm, turning it into a more hands-off investment. Singapore Projects can offer various options for potential investors seeking to purchase a condo.
This partnership with Microsoft and the collaboration with SBF marks CapitaLand’s commitment to digital transformation and its continuous efforts to remain at the forefront of technology and innovation. With the help of AI and advanced technologies, CapitaLand is confident in improving customer experience and achieving more operational efficiencies.