Extreme Innovation With AI: Stanley Black and Decker's Mark Maybury

Stanley Black & Decker is best known as the manufacturer of tools for home improvement projects, but it also makes products the average consumer seldom notices, like fasteners to keep car parts secure and the electronic doors typically used at retail stores. Hosts Sam and Shervin sat down with Mark Maybury, the company’s first chief technology officer, to learn how artificial intelligence factors into this 179-year-old brand’s story. During their conversation, Mark described how categorizing the technology-infused innovation projects he leads across the company into six levels, ranging from incremental improvements to radical innovations, helps Stanley Black & Decker balance its product development portfolio. He also shared some insights for organizations thinking about responsible AI guidelines and discussed how Stanley Black & Decker is increasing its focus on sustainability. Read the full episode transcript here. Me, Myself, and AI is a collaborative podcast from MIT Sloan Management Review and Boston Consulting Group and is hosted by Sam Ransbotham and Shervin Khodabandeh. Our engineer is David Lishansky, and the coordinating producers are Allison Ryder and Sophie Rüdinger. Stay in touch with us by joining our LinkedIn group, AI for Leaders at mitsmr.com/AIforLeaders or by following Me, Myself, and AI on LinkedIn. Guest bio: As Stanley Black & Decker’s CTO, Mark Maybury manages a team across the company’s businesses and functions, advises on technological threats and opportunities, and provides access to all elements of the global technology ecosystem. Previously, Maybury spent 27 years at The Mitre Corporation, where he held a variety of strategic technology roles, including vice president of intelligence portfolios and chief security officer. Before joining Mitre, he was an officer in the U.S. Air Force, where he also served as chief scientist from 2010 to 2013. Maybury is on the Defense Science Board and the Connecticut Science Center Board and served on the Air Force Scientific Advisory Board and the Homeland Security Science and Technology Advisory Committee for several years. He is a fellow in IEEE and the Association for the Advancement of Artificial Intelligence. Maybury has a doctorate degree in AI from Cambridge University. We encourage you to rate and review our show. Your comments may be used in Me, Myself, and AI materials. We want to know how you feel about Me, Myself, and AI. Please take a short, two-question survey.