Capitaland Signs Mou Microsoft Ai Adoption
“With the rapid development of new technologies and the continued growth of e-commerce, the retail industry in Singapore is evolving. Through our collaboration with SBF, we hope to support the retail ecosystem and help our tenants stay agile and relevant in the digital age,” says Vincent Tse, CEO of CLI.
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CapitaLand Group has signed a memorandum of understanding (MoU) with Microsoft, in order to utilize advanced technologies and artificial intelligence (AI) across its businesses.
Under this partnership, CapitaLand will be a part of Microsoft Singapore’s AI Pinnacle Program, which will allow the company to take advantage of Microsoft’s platforms, services, and solutions to improve customer engagement and operational efficiency across its investment, retail, lodging, and development businesses. This collaboration will also help identify potential opportunities for infrastructure development, as well as utilizing Microsoft’s Azure cloud computing platform to design and develop data centers for CapitaLand Investment.
The company will also be integrating AI, data analytics, and machine learning in its digital transformation efforts, which will further strengthen its operations and improve value for its stakeholders.
“Our partnership with Microsoft marks a significant milestone in CapitaLand’s journey towards digital transformation. We believe that AI will play a critical role in shaping our future by improving operational efficiency and creating value for our stakeholders,” says Quah Ley Hoon, Group Chief Corporate Officer of CapitaLand Investment.
In addition, CapitaLand Investment (CLI), the real asset management department of CapitaLand, has 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 partnership aims to facilitate the adoption and proof of concept for AI, data analytics, and cybersecurity solutions to enhance business efficiency and competitiveness. It will also focus on developing AI-focused competency and skills among retail tenants.
“With the rapid advancement of new technologies and e-commerce, Singapore’s retail industry is evolving. Through our collaboration with SBF, we aim to support the retail ecosystem and help our tenants become more agile and relevant in the digital age,” says Vincent Tse, CEO of CLI.
This collaboration highlights CapitaLand’s commitment towards embracing advanced technologies and leveraging them to drive business growth and enhance its offerings. As the company continues to evolve and adapt in the digital landscape, it is confident that it will achieve even greater success in its operations.