mark Shareholders of CapitaLand Investment (CLI) can breathe a sigh of relief following the signing of major partnerships with leading institutions to adopt and integrate advanced technologies such as artificial intelligence (AI). The group revealed that it has reached a Memorandum of Understanding (MoU) with Microsoft to harness its platforms, services, and solutions to improve customer engagement and operational efficiency across its various businesses such as funds, investments, retail, lodging, and development.
As part of the arrangement, CapitaLand will become a member of Microsoft Singapore’s AI Pinnacle Program, a move that will give the real estate group access to Microsoft’s vast resources. This will also allow CapitaLand to explore potential areas for collaboration, such as infrastructure development and leveraging Microsoft’s Azure cloud computing platform to enhance its data centre design and products. Additionally, the integration of AI, data analytics, and machine learning will help strengthen CapitaLand’s digital and business transformation efforts.
Quah Ley Hoon, Group Chief Corporate Officer of CapitaLand Investment, sees this partnership with Microsoft as a significant step in the group’s digital transformation journey. She believes that AI will play a crucial role in shaping CapitaLand’s future by driving operational efficiencies and creating value for stakeholders, including shareholders.
On a related note, CapitaLand Investment (CLI) has also signed an MoU with the Singapore Business Federation (SBF) to collaborate on digitalization and integrate AI into their retail ecosystem. This partnership aims to enhance business efficiency and competitiveness by facilitating the adoption of AI, data analytics, and cybersecurity solutions. It also seeks to develop AI-focused competency and skills among retail tenants, ensuring their continued success in the rapidly evolving digital landscape.
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These partnerships demonstrate CapitaLand’s commitment to staying at the forefront of technological advancements and utilizing them to create value for its stakeholders. With these collaborations, shareholders of CapitaLand Investment can rest assured that the group is taking proactive steps to maintain its strong financial performance and enhance its business operations.