on launch weekend
CapitaLand Group has recently signed a Memo of Understanding (MoU) with Microsoft to take advantage of advanced technologies and Artificial Intelligence (AI) for its businesses. As part of the collaboration, CapitaLand will join Microsoft Singapore’s AI Pinnacle Program, granting access to Microsoft platforms, services, and solutions that can enhance customer engagement and boost operational efficiency in various areas of the company, including funds, investments, retail, lodging, and development.
One of the main aims of this partnership is to identify potential opportunities for collaboration in infrastructure development, leveraging Microsoft’s Azure cloud computing platform to improve data center design and products for CapitaLand Investment. Additionally, the integration of AI, data analytics, and machine learning will play a crucial role in strengthening CapitaLand’s digital and business transformation efforts.
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Quah Ley Hoon, Group Chief Corporate Officer of CapitaLand Investment, believes that this collaboration with Microsoft is a significant step in their digital transformation journey. She highlights how AI will be pivotal in shaping the company’s future by driving operational efficiencies and creating value for all stakeholders.
In another development, CapitaLand Investment (CLI), the real asset management arm of CapitaLand, has also entered into an MoU with the Singapore Business Federation (SBF). The aim of this partnership is to establish a framework for digitalization and AI integration across CLI’s retail ecosystem. As part of this initiative, the two entities will work together to encourage the adoption and proof of concept for AI, data analytics, and cybersecurity solutions, enhancing business efficiency and competitiveness. Furthermore, they will also focus on developing the AI-focused competency and skills of retail tenants.
This collaboration between CapitaLand and Microsoft, as well as the MoU with SBF, showcase CapitaLand’s commitment towards digitalization and AI integration to stay ahead in the competitive market. These efforts will not only improve operational efficiency but also create a more seamless and enhanced experience for customers and stakeholders. CapitaLand Investment is also making significant strides in its growth strategy, announcing the acquisition of three properties in Singapore and Thailand and reporting stable cash flow despite a decline in Patmi. Moreover, the last penthouse in One Pearl Bank has been sold, marking a successful 100% sale on its launch weekend.