Capitaland Signs Mou Microsoft Ai Adoption
Completion of Ascott Raffles Place Singapore marks completion of CapitaLand’s portfolio simplification strategy to a pure real assets company
CapitaLand Group has recently signed a memorandum of understanding (MOU) with Microsoft in order to take advantage of artificial intelligence (AI) and advanced technologies for its various businesses.
Under the agreement, CapitaLand will become a member of Microsoft Singapore’s AI Pinnacle Program, giving them access to various Microsoft platforms, services, and solutions. This will help CapitaLand to improve customer engagement and enhance operational efficiency across its funds, investments, retail, lodging, and development businesses.
The collaboration will explore areas of potential collaboration in infrastructure development, using Microsoft’s Azure cloud computing platform to develop CapitaLand Investment’s data center design and products, as well as integrating AI, data analytics, and machine learning to further drive digital and business transformation efforts.
Quah Ley Hoon, Group Chief Corporate Officer of CapitaLand Investment, said that the collaboration with Microsoft is a significant step in CapitaLand’s digital transformation journey. The use of AI will play a crucial role in shaping the future of CapitaLand, improving operational efficiencies, and creating value for stakeholders.
Additionally, CapitaLand Investment (CLI), the real asset management arm of CapitaLand, has also signed an MOU with the Singapore Business Federation (SBF) to establish a framework for digitalization and integration of AI in CLI’s retail ecosystem.
This initiative will involve the adoption and proof of concept for AI, data analytics, and cybersecurity solutions to enhance business efficiency and competitiveness. It will also focus on developing AI-focused competency and skills among retail tenants.
These collaborations are another step in CapitaLand’s continuous efforts to drive digitalization and innovation across its various businesses. With its commitment to embracing AI and advanced technologies, CapitaLand aims to stay ahead in this ever-changing business landscape.
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