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based on their digital core framework. The digital core is a to foster innovation and collaboration across various stake- technology capability that brings together key components— holders by allowing participants to test innovative ideas in a like cloud, data, AI and security—to drive reinvention and en- controlled environment. This enables companies and public able companies to adapt swiftly to change. Digitization can sector organizations to explore the potential of new technolo- lead ports to enhanced operational ef? ciency, improved sus- gies with minimal impact on day-to-day operations.

tainability, strengthened security, regulatory compliance, and increased transparency for stakeholders. However, it’s crucial Why Modernization Matters for ports to take an outcomes-driven approach, viewing digi- Our experience shows organizations that embrace reinven- tization not as the ultimate goal but as an enabler of broader tion as a strategy—focusing on a digital core and new ways of operational objectives. Starting with quick wins—foundation- working that establish a culture and capability for continuous al efforts that deliver early bene? ts—helps pave the way for innovation—can improve outcomes in the face of almost any future innovations while minimizing disruption. Integrating type of disruption. By embracing the three strategies outlined

IT into existing capital infrastructure projects is an easy way above, ports can not only retain, but grow their crucial posi- to deliver high-impact quickly. Using advanced data for truck tion as anchors of resilient global trade networks. Organiza- gates and deliveries, for instance, can set the stage for future tions that seize this moment will not only position themselves technologies like autonomous vehicles or AI-driven mainte- as essential hubs in global shipping routes but also contribute nance. Innovation hubs can also play a vital role here, by al- to local and national economic growth by driving job creation, lowing for continuous exploration of new technologies while boosting trade volumes, and fortifying supply chains. Those minimizing risks. who innovate today will thrive and shape the future of the

The Port Innovation, Engagement and Research (PIER) industry, securing economic growth and a pivotal role in the center at the Port of Halifax is a collaborative hub designed global economy for years to come.

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MR #4 (18-33).indd 21 4/2/2025 2:33:48 PM