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CapitaLand Group has signed a memorandum of understanding (MOU) with Microsoft to integrate artificial intelligence (AI) and advanced technologies into their businesses.
Through the partnership, CapitaLand will be participating in Microsoft Singapore’s AI Pinnacle Program, enabling them to utilize Microsoft platforms, services, and solutions to enhance customer engagement and operational efficiency across their funds, investment, retail, lodging, and development sectors.
Areas of collaboration include infrastructure development, utilizing Microsoft’s Azure cloud computing platform to design and develop CapitaLand Investment’s data centers and products, and incorporating AI, data analytics, and machine learning to strengthen their digital and business transformation efforts.
“Our collaboration with Microsoft is a significant step in CapitaLand’s digital transformation journey. AI will play a key role in shaping our future by improving operational efficiencies and creating value for our stakeholders,” says Quah Ley Hoon, Group Chief Corporate Officer of CapitaLand Investment.
In addition, 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 across CLI’s retail ecosystem.
Initiatives under this partnership include 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 competency and skills among retail tenants.