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CapitaLand Group has recently signed a memorandum of understanding (MOU) with Microsoft in order to utilize advanced technology and artificial intelligence (AI) in their business operations. As part of this agreement, CapitaLand will join Microsoft Singapore’s AI Pinnacle Program, giving them access to various Microsoft platforms, services, and solutions. This partnership will help CapitaLand enhance their customer engagement and improve the overall efficiency of their funds, investments, retail, lodging, and development businesses.
Some of the potential areas of collaboration between CapitaLand and Microsoft include the development of infrastructure, leveraging Microsoft’s Azure cloud computing platform to design data centers and products for CapitaLand Investment, and incorporating AI, data analytics, and machine learning to strengthen CapitaLand’s digital and business transformation efforts.
Quah Ley Hoon, the Group Chief Corporate Officer of CapitaLand Investment, stated that this collaboration with Microsoft is a significant step in their digital transformation journey. He believes that AI will play a crucial role in shaping the future of CapitaLand by increasing operational efficiencies and creating value for their stakeholders.
In addition to this, CapitaLand Investment (CLI), the real asset management arm of CapitaLand, has also signed an MOU with the Singapore Business Federation (SBF) to promote the integration of AI and digitalization in their retail ecosystem. This partnership aims to increase business efficiency and competitiveness by facilitating the adoption of AI, data analytics, and cybersecurity solutions. It also aims to develop AI-focused skills and competencies among retail tenants.
With these partnerships in place, CapitaLand is committed to advancing their digital transformation journey and staying ahead in the ever-evolving business landscape.