markShare the love Can you, please, rewrite the attached article about CapitaLand Group’s partnership with Microsoft to leverage advanced technologies and AI for its businesses. Capitaland Group has recently signed a memorandum of understanding (MoU) with Microsoft in an effort to tap into the potential of artificial intelligence (AI) and other cutting-edge technologies for its operations.
As part of this collaboration, CapitaLand will join Microsoft Singapore’s AI Pinnacle Program, which will provide access to a range of Microsoft platforms, services, and solutions. This will enable CapitaLand to enhance customer engagement and improve efficiency across its various businesses, such as funds, investments, retail, lodging, and development.
The partnership will explore potential areas for collaboration, with a focus on infrastructure development and leveraging Microsoft’s Azure cloud computing platform to design and develop data centers for CapitaLand Investment. In addition, the integration of AI, data analytics, and machine learning will play a key role in the company’s digital and business transformation efforts.
Quah Ley Hoon, group chief corporate officer of CapitaLand Investment, shared, “Our collaboration with Microsoft is a significant milestone in CapitaLand’s journey towards digital transformation. AI will be crucial in shaping our future by driving operational efficiencies and creating value for our stakeholders.”
In a separate agreement, CapitaLand Investment (CLI), the real asset management arm of CapitaLand, 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. This will involve promoting the adoption of AI, data analytics, and cybersecurity solutions to enhance efficiency and competitiveness in business operations. Additionally, the companies will work on developing AI-related competencies and skills among retail tenants.
The partnership between CapitaLand Group, Microsoft, and SBF marks a significant step towards embracing advanced technologies in the real estate industry. By harnessing the potential of AI and other cutting-edge tools, CapitaLand is well-positioned to drive innovation and achieve greater success in its businesses.