Capitaland Signs Mou Microsoft Ai Adoption
The Capitaland Group and Microsoft have announced a partnership to harness advanced technologies and artificial intelligence (AI) in the Group’s operations. Under the memorandum of understanding (MoU), Capitaland will join Microsoft Singapore’s AI Pinnacle Program, gaining access to Microsoft’s platforms, services, and solutions to improve customer engagement and boost operational efficiency across its various businesses, including funds, investments, retail, lodging, and development. The collaboration will also explore opportunities in infrastructure development and leverage Microsoft’s Azure cloud computing platform to design data centers and products for CapitaLand Investment. Furthermore, AI, data analytics, and machine learning will be incorporated into the Group’s digital transformation efforts, aligning with its vision to create value for stakeholders through operational efficiencies. AdvertisementCapitaLand Group’s group chief corporate officer Quah Ley Hoon commented, “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 driving operational efficiencies and creating value for our stakeholders.”In a separate agreement, Capitaland Investment (CLI), the real asset management arm of the Group, signed an MoU with the Singapore Business Federation (SBF). The two parties will work together to establish a framework for digitalization and the integration of AI in CLI’s retail ecosystem. This includes promoting the adoption and proof of concept for AI, data analytics, and cybersecurity solutions, as well as developing AI-focused skills and competencies among retail tenants to enhance business efficiency and competitiveness.
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