CapitaLand Investment and CLI forge a partnership to enhance Singapore retail ecosystem for the future
CapitaLand Group has signed a memorandum of understanding (MoU) with Microsoft to harness the potential of advanced technologies and artificial intelligence (AI) for its businesses. The real estate company will join Microsoft Singapore’s AI Pinnacle Program, giving it access to Microsoft’s platforms, services, and solutions to enhance customer engagement and increase operational efficiency across its funds, investment, retail, lodging, and development businesses.
Through the partnership, CapitaLand and Microsoft will explore collaboration opportunities in areas such as infrastructure development, using Microsoft’s Azure cloud computing platform to design and develop data centers for CapitaLand Investment, and integrating AI, data analytics, and machine learning to enhance its digital and business transformation efforts.
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“We are excited to work with Microsoft as we embark on our digital transformation journey. AI will play a critical role in shaping our future, driving operational efficiencies, and delivering value for our stakeholders,” says Quah Ley Hoon, Group Chief Corporate Officer of CapitaLand Investment.
Alongside this collaboration, CapitaLand Investment (CLI) has also entered into an MoU with the Singapore Business Federation (SBF) to establish a framework for digitalization and AI integration across CLI’s retail ecosystem. This includes initiatives such as promoting the adoption and proof of concept for AI, data analytics, and cybersecurity solutions to improve business efficiency and competitiveness, as well as developing AI-focused skills and competencies among retail tenants.
These partnerships mark an important step in CapitaLand’s efforts to embrace digital transformation and remain competitive in the ever-evolving business landscape. With the support of Microsoft and SBF, CapitaLand aims to drive innovation, enhance customer experiences, and future-proof its businesses for the long term.