March 2022CIOAPPLICATIONS.COM8CIO InsightsCXO InsightsIn My ViewMARK T. MAYBURY, CHIEF TECHNOLOGY OFFICER, STANLEY BLACK & DECKERommercial enterprises in all sectors are increasingly bringing intelligent systems to the market to improve productivity, safety, learning and play. For example, as a $20billion diversified industrial with over sixty thousand employees that manufacture one half million products in 140 facilities in 60 countries, the 179-year old Stanley Black & Decker increasingly leverages Artificial Intelligence (AI) in products and processes. As Figure 1 illustrates, our broad set of AI activities are accelerated by a center of excellence in AI and Data Analytics (AIDA) and a Chief AI Officer (CAIO) who champion AI across businesses and functions. AI plays a key role in augmenting human intelligence by automating routine tasks. For example, we employ over 150 intelligent process automations delivering over $50M in value. In our global tool business, in addition to smart tools, intelligent building information management systems enable increase awareness, coordination and productivity through natural language process and document understand to create situational awareness for various construction stakeholders. In our industrial business, we deploy intelligent IoT for attachment predictive maintenance via InSite. In health and security, systems such as our Foresite vision-based gate analysis system can anticipate and warn patients 30-40 days prior to prevent falls and simultaneously preserve their privacy. And Pria, a conversational home health companion, can track medication dispensing and monitor health for caregivers. Finally, our supply chains and manufacturing processes increasingly augmented by machine learningCResponsible Augmented Intelligence for Those Who Make the WorldTM Augmenting Intelligence in a Diversified Industrialleverage a digital thread enabling Stanley Black & Decker to increase the speed and quality of manufacturing, accelerate our agility to refine or redesign products in manufacturing, and grow profitability through operations excellence and upskilling. Our intelligent manufacturing automation strategy is founded on a connected factory and enterprise that enables data collection for situation awareness, anticipatory analytics, distributed collaboration and remote command and control. As summarized in Figure 2, our advanced manufacturing strategy incorporates IOT connected machines which provide an ability to sense infrastructure, machine, and human activity, enabling modeling and digital twins which can be leveraged for operational and financial advantage. Figure 1. AI Accelerating A Global Diversified IndustrialIntelligent ManufacturingSince 2014, our innovation journey has accelerated, empowered by the fourth industrial manufacturing revolution which emphasizes transformation to intelligent cyber physical systems (de Boer et al. 2018). These systems enable a symbiotic relationship between human and machine intelligence resulting in manufacturing excellence. Organizations that fail to adopt, adapt or augment this intelligent manufacturing trend and compete effectively on the rate of learning and creativity risk extinction (Kimura et al. 2019). Our Industry 4.0 investment and strategy aims for socially responsible enterprise excellence, focusing on the most important value streams. We Figure 2. AI Empowered Manufactory enabling Industry 4.0 TransformationTo date we have connected twenty factories with plans to connect 65­70% of our machines and manufacturing lines in our 140 factories by 2022, including deploying approximately 475 data kits (IoT and analytics) to enable advanced analytics and process optimization. For example, our LiveView Application,
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