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cap “CapitaLand, Microsoft to harness AI for business”, by https://www.edgeprop.sg/property-news/capitaland-mls-pioneer-digital-transformation-marketing-efforts?utm_source=eds&utm_medium=click&utm_campaign=20191206_capitaland&utm_source=windowslive&utm_medium=partner&utm_campaign=LIVE
CapitaLand Group has recently signed a memorandum of understanding (Mou) with Microsoft in order to leverage artificial intelligence (AI) and advanced technologies for their businesses. As part of the agreement, CapitaLand will join Microsoft Singapore’s AI Pinnacle Program, gaining access to various Microsoft platforms, services, and solutions to improve customer engagement and operational efficiency across their funds, investments, retail, lodging, and development business sectors.
Through this partnership, CapitaLand and Microsoft will explore potential collaboration opportunities in areas such as infrastructure development and data center design, using Microsoft’s Azure cloud computing platform. The companies will also work together to integrate AI, data analytics, and machine learning to enhance CapitaLand’s digital transformation and business strategies.
Quah Ley Hoon, the Group Chief Corporate Officer of CapitaLand Investment, sees this collaboration as a significant step in their digital transformation journey, stating that AI will play a crucial role in shaping their future by driving operational efficiencies and creating value for stakeholders.
In addition, CapitaLand Investment (CLI), the real asset management arm of CapitaLand, has also entered into an MoU with the Singapore Business Federation (SBF). This partnership aims to establish a framework for digitalization and integration of AI across CLI’s retail ecosystem. Some of the initiatives under this agreement include promoting the adoption of AI, data analytics, and cybersecurity solutions to enhance business efficiency and competitiveness, as well as developing AI-focused competency and skills among retail tenants.
Overall, these collaborations demonstrate CapitaLand’s commitment to utilizing cutting-edge technologies to drive business growth and transformation. With the support of Microsoft and SBF, CapitaLand is well-positioned to stay ahead in the rapidly evolving digital landscape.