Capitaland Group has recently announced a partnership with Microsoft to utilize the latest AI and advanced technologies in its various businesses. This partnership comes in form of a memorandum of understanding (MoU) signed between the two, allowing Capitaland access to the Microsoft Singapore’s AI Pinnacle Program.
Through this program, Capitaland will be able to utilize various Microsoft platforms, services, and solutions to enhance customer engagement and improve operational efficiency across all its sectors including funds, investment, retail, lodging, and development. Some of the specific collaboration areas include utilizing Microsoft’s Azure cloud computing platform to develop the data center design and products for CapitaLand Investment, as well as integrating AI, data analytics, and machine learning to drive digital transformation efforts.
According to Quah Ley Hoon, the Group Chief Corporate Officer of CapitaLand Investment, this collaboration marks a significant step in the company’s digital transformation journey. With the help of AI, they aim to streamline their operations and create value for their stakeholders.
Apart from the partnership with Microsoft, Capitaland Investment has also signed an MoU with the Singapore Business Federation (SBF). Under this MoU, a framework will be established for the digitalization and integration of AI across Capitaland’s retail ecosystem. This will involve facilitating the adoption and proof of concept for AI, data analytics, and cybersecurity solutions to enhance business efficiency and competitiveness. Additionally, initiatives will be undertaken to develop AI-focused competency and skills among retail tenants.
In conclusion, with these collaborations, Capitaland is set to take its digital transformation efforts to a whole new level, making use of the latest AI and advanced technologies to drive growth and deliver value to its stakeholders.