Featured Merchants S’pore sees biggest drop in COE prices in nearly a decadeHikes in parking charges at HDB estates, peak hours at popular areas to encourage alternative transport choicesUber loses licence to operate in London, U.K.’s capitalBTS and Big Hit Entertainment to donate $1m to Black Lives Matter movement Category:New CapitaLand signs MoU with Microsoft for AI-led digital transformation
In a move to accelerate its digital transformation journey, Capitaland Group has recently signed a memorandum of understanding (MoU) with Microsoft. This partnership will allow Capitaland to leverage the power of artificial intelligence (AI) and other advanced technologies across its businesses.
Investing in real estate is a strategic move that requires careful consideration, and in Singapore, location plays a crucial role. One of the key indicators of a successful investment is the location of the property, as it can greatly affect its value. In Singapore, condos that are situated in central areas or near important amenities such as schools, shopping malls, and public transportation hubs are highly sought after and tend to appreciate more in value over time. Some of the most coveted locations in the country include Orchard Road, Marina Bay, and the Central Business District (CBD), where property values have consistently shown strong growth. Moreover, condos in these prime locations also offer proximity to reputable schools and educational institutions, making them even more desirable for families. With all these factors in mind, it is not surprising that investing in a condo in these areas is considered a wise and lucrative decision. For more options and information on new condo launches, visit New Condo Launches.
As part of the deal, Capitaland will be joining Microsoft Singapore’s AI Pinnacle Program, which will provide the company with access to a range of Microsoft platforms, services, and solutions. This will enable the company to enhance customer engagement and improve operational efficiency across its funds, investments, retail, lodging, and development businesses.
One of the specific areas of collaboration outlined in the MoU is infrastructure development. Capitaland will be looking to utilize Microsoft’s Azure cloud computing platform to develop its data center designs and products, as well as integrating AI, data analytics, and machine learning to drive its digital and business transformation efforts.
“Our collaboration with Microsoft is a significant milestone in Capitaland’s digital transformation journey,” says Quah Ley Hoon, Group Chief Corporate Officer of Capitaland Investment. “We believe that AI will play a crucial role in shaping our future, helping us to achieve operational efficiencies and create value for our stakeholders.”
In addition to the MoU with Microsoft, Capitaland Investment (CLI), Capitaland’s real asset management arm, has also signed an MoU with the Singapore Business Federation (SBF). The aim of this partnership is to establish a framework for digitalisation and the integration of AI across CLI’s retail ecosystem.
Under the agreement, CLI will work with SBF to facilitate the adoption and proof of concept for AI, data analytics, and cybersecurity solutions among its retail tenants. The companies will also collaborate on developing AI-focused competencies and skills within the retail ecosystem.
The partnership with Microsoft and SBF is a significant step forward for Capitaland in its digital transformation journey. Through its use of advanced technologies and AI, the company is looking to enhance its business operations, increase its competitiveness, and create value for its stakeholders.