rate13 Jul 2020 | 2:54pmStocks to watch: UOB, OUE, Capitaland Group and MicrosoftCapitaland Group and Microsoft partner to incorporate AI and advanced technologies into businessesAdvertisement
CapitaLand Signs MoU with Microsoft to Integrate AI and Advanced Technologies.
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CapitaLand Group has recently entered into a memorandum of understanding (MoU) with Microsoft, with the aim of leveraging on artificial intelligence (AI) and advanced technologies to enhance its businesses. Through this partnership, CapitaLand will also become part of Microsoft Singapore’s AI Pinnacle Program, enabling the company to utilize Microsoft’s platforms, services, and solutions to improve customer engagement and operational efficiency across its various business divisions, including funds, investment, retail, lodging, and development.
One of the key areas of focus for this collaboration will be on infrastructure development, where CapitaLand will explore potential partnership opportunities with Microsoft to utilize its Azure cloud computing platform in the development of its data center designs and products. In addition, the two companies will work together to integrate AI, data analytics, and machine learning into CapitaLand’s digital transformation efforts, to drive greater value for its stakeholders.
Quah Ley Hoon, Group Chief Corporate Officer of CapitaLand Investment, says that this collaboration with Microsoft represents a significant step forward in the company’s digital transformation journey. She adds that AI will play a critical role in shaping the future of CapitaLand, as it looks to improve its operational efficiency and generate value for its stakeholders.
In a separate MoU with the Singapore Business Federation (SBF), CapitaLand Investment (CLI), the Group’s real asset management arm, has established a framework for digitalization and the integration of AI across its retail ecosystem. As part of this initiative, CLI will help to facilitate the adoption and proof of concept for AI, data analytics, and cybersecurity solutions among retailers, with the aim of enhancing their business efficiency and competitiveness. CLI will also focus on developing AI-focused competency and skills amongst its retail tenants.
With this partnership, CapitaLand is looking to position itself as a leader in incorporating AI and advanced technologies into its businesses. The company believes that this will enable it to stay ahead of the curve and continue to deliver value for its stakeholders.