on first day of launch
CapitaLand Group has formed a partnership with Microsoft to incorporate artificial intelligence (AI) and advanced technologies in its various businesses.
The partnership will allow CapitaLand to join Microsoft Singapore’s AI Pinnacle Program, granting access to Microsoft’s platforms, services and solutions to enhance customer engagement and improve operational efficiency across its funds, investment, retail, lodging, and development businesses.
This collaboration will also include exploring potential areas of collaboration in infrastructure development and utilizing Microsoft’s Azure cloud computing platform for CapitaLand Investment’s data centre design and products. Additionally, the integration of AI, data analytics and machine learning will further boost CapitaLand’s digital and business transformation efforts.
“Our partnership with Microsoft is an important milestone in CapitaLand’s digital transformation journey. AI will play a crucial role in shaping our future, driving operational efficiencies and creating value for our stakeholders,” says Quah Ley Hoon, group chief corporate officer of CapitaLand Investment.
Separately, Capitaland Investment (CLI), the real asset management arm of CapitaLand, has also signed a memorandum of understanding (MoU) with the Singapore Business Federation (SBF) to establish a framework for the digitalization and integration of AI across CLI’s retail ecosystem.
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The collaboration will seek to promote the adoption and proof of concept for AI, data analytics, and cybersecurity solutions to enhance business efficiency and competitiveness. It will also develop AI-focused competencies and skills among retail tenants.
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