Capitaland Signs Mou Microsoft Ai Adoption
Commanding a seafront 296,000 sq ft plot and perched on a 12m-high bluff facing Sentosa, the 39-year-old hotel has been given a new lease on life after a $90 million facelift.The property, which was acquired by CapitaLand in 2004 from the Singapore Land Authority, is now finalising the sale of all 222 rooms at the main wing to Ascott Residence Trust.
CapitaLand Group has recently signed a memorandum of understanding (MoU) with Microsoft to harness the power of artificial intelligence (AI) and advanced technologies for its businesses. Under this partnership, CapitaLand will join Microsoft Singapore’s AI Pinnacle Program, which will provide access to Microsoft platforms, services, and solutions to enhance customer engagement and improve operational efficiency across CapitaLand’s funds, investment, retail, lodging, and development business segments.
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Through this collaboration, CapitaLand aims to identify potential areas of collaboration in infrastructure development, use Microsoft’s Azure cloud computing platform to design and develop data centers for CapitaLand Investment, and integrate AI, data analytics, and machine learning to bolster its digital and business transformation efforts.
CapitaLand’s group chief corporate officer of CapitaLand Investment, Quah Ley Hoon, believes that this collaboration with Microsoft is a significant step towards the company’s digital transformation journey. “AI will play a crucial role in shaping our future by improving operational efficiencies and delivering value to our stakeholders,” she says.
In addition to this partnership, CapitaLand’s real asset management arm, Capitaland Investment (CLI), has signed an MoU with the Singapore Business Federation (SBF) to establish a framework for digitalization and AI integration within CLI’s retail ecosystem. This partnership will involve promoting the adoption and proof of concept for AI, data analytics, and cybersecurity solutions to boost business efficiency and competitiveness. It will also focus on developing AI-focused competencies and skills among retail tenants.
CapitaLand has been making significant strides in the digital space, with a recent report suggesting that the company is finalizing the sale of all 222 rooms at its main wing, One Pearl Bank, to Ascott Residence Trust. This deal, valued at $90 million, is a testament to CapitaLand’s commitment to leveraging technology to enhance its properties and drive business growth.
Positioned on a prime 296,000 sq ft plot and perched on a 12m-high bluff overlooking Sentosa, One Pearl Bank is a 39-year-old hotel that has recently undergone a $90 million transformation. This property, acquired by CapitaLand in 2004 from the Singapore Land Authority, is set to receive a new lease of life and is expected to attract a large number of visitors upon completion.
