Capitaland Group has inked a memorandum of understanding (Mou) with Microsoft to leverage artificial intelligence (AI) and advanced technologies for its businesses.
CapitaLand will enter Microsoft Singapore’s AI Pinnacle Program, allowing it to harness Microsoft platforms, services and solutions to enhance customer engagement and improve operational efficiency across CapitaLand’s funds, investment, retail, lodging and development business.
This includes identifying potential collaboration areas on infrastructure development, leveraging on Microsoft’s Azure cloud computing platform to develop CapitaLand Investment’s data centre design and products, and integration of AI, data analytics and machine learning to strengthen its digital and business transformation efforts.
“Our collaboration with Microsoft is a significant step in CapitaLand’s digital transformation journey. AI will be pivotal in how we shape our future with operational efficiencies and create 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, signed an MoU with the Singapore Business Federation (SBF) to establish a framework for digitalisation and integration of AI across CLI’s retail ecosystem.
Initiatives include facilitating the adoption and proof of concept for AI, data analytics, and cybersecurity solutions to enhance business efficiency and competitiveness and developing AI-focused competency and skills among retail tenants.
