of 774 units
CapitaLand Group has recently signed a memorandum of understanding (MOU) with Microsoft, aiming to utilize artificial intelligence (AI) and advanced technologies in their businesses.
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Through this partnership, CapitaLand will become a part of Microsoft Singapore’s AI Pinnacle Program, which will allow them to leverage Microsoft’s platforms, services, and solutions to enhance customer engagement and improve operational efficiency across all of their sectors, including funds, investments, retail, lodging, and development.
Some of the key areas of collaboration between the two organizations include infrastructure development, using Microsoft’s Azure cloud computing platform to develop data center designs and products for CapitaLand Investment, and integration of AI, data analytics, and machine learning to support their digital and business transformation initiatives.
In a statement, Quah Ley Hoon, the Group Chief Corporate Officer of CapitaLand Investment, shared that this collaboration with Microsoft is a significant step in their digital transformation journey. She believes that AI will play a crucial role in shaping their future by driving operational efficiencies and creating value for all their stakeholders.
Separately, CapitaLand Investment (CLI), the real asset management arm of CapitaLand, has signed an MOU with the Singapore Business Federation (SBF) to establish a framework for digitalization and integration of AI across CLI’s retail ecosystem.
This includes various initiatives like facilitating the adoption and proof of concept for AI, data analytics, and cybersecurity solutions to enhance business efficiency and competitiveness, as well as developing AI-focused competencies and skills among retail tenants.
With these collaborations, CapitaLand Group aims to stay at the forefront of digital transformation and innovation, ensuring sustainable growth and long-term success for their business.