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Lippo Karawaci announces collaboration with SoftBank

29 November 2019 13:52

JAKARTA - PT Lippo Karawaci Tbk (LPKR) has announced a partnership with SoftBank Corp, the telecommunications subsidiary of SoftBank Group, to implement artificial intelligence (AI) and internet of things (IoT) in real estate projects.

According to an official statement, the technology will be implemented in Lippo Village, Karawaci to develop the area as a central hub of technology application and research in Southeast Asia.

“We intend to implement IoT technology through smart cluster management and smart traffic management in Lippo Village,” said Lippo Karawaci CEO John Riady as quoted by DealStreet Asia, Friday (29/11).

The technology, Mr Riady added, will improve traffic management and ease traffic flow. He also said that the platform, supported by big data analytics, will be expanded to Lippo Group’s shopping centres and healthcare facilities. (MS)

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