HARTFORD - Mark Maybury, chief technology officer at New Britain-based Stanley Black & Decker, explained why the state needs systems, strategists and stakeholders at the State of the Region Conference Thursday.
The conference was held at the Infinity Music Hall.
Maybury gave his keynote presentation, “Smart Moves: Leveraging the Knowledge Corridor’s Talent,” highlighting an analysis he had come across that maintained that there are three key elements for an ecosystem to succeed. Those elements are effective systems, great strategists and engaged stakeholders.
“It’s the entire ecosystem working together that’s necessary. We need good transportation, good education, good health care, investors, leaders and communities to allow us to be inspired,” Maybury said.
Maybury used his company’s legacy from 175 years ago, when Frederick Stanley started it, as an example of success. He spoke of the importance of talent, treasure and technology in Stanley’s success while emphasizing that those elements are key to a region’s success.
Maybury reminded the audience that Stanley created an economic powerhouse in a place that had no talent, treasure or technology. Stanley’s vision attracted “technology, which they also invented, and that vision ultimately attracted an economic revolution,” Maybury said.
Maybury praised Stanley for having a purpose and Jim Loree, the company’s chief executive officer, for creating a purpose for the business.
Maybury added that industries and institutions need to have a common purpose to create a better future. He expanded on Stanley Black & Decker’s contributions to that purpose.
Some of the contributions he listed were Stanley’s advanced manufacturing center in downtown Hartford and its Techstars program. Another contribution, he said, was the company’s success in acquiring the Cractsman brand from Sears and launching 1,200 new products in August.
Furthermore, Maybury told the audience of about 120 that the fields of biopharmaceuticals, robotics and cloud computing are important for the future and encouraged the audience to motivate children to learn all they can in those fields, especially robotics.
“We are deploying 400,000 robots right now in the U.S. every year and by 2025 we are going to deploy a million robots every year,” Maybury said. “That means there’s going to be 2 million jobs created every year because for every robot we introduce. We’ve looked at the analysis and they produce two jobs. We need someone to design the robot, to analyze the robot, to connect the robot to anything else, to create the next generation of robots. Don’t be afraid of the future. Embrace the future. However, be prepared for the future. Educate, learn, invest and create that future.”
Hartford Mayor Luke Bronin also took part in the conference and said the region is at a critical moment of opportunity.
“Whether it is the amount of talent in this region, the concentration of companies, the concentration of educational institutions, geography and the proximity to growing markets, we got all of that and so the biggest thing that I think we all have to do is begin to be deliberate, bold and set our sights high as we go out and talk about what’s happening in this region,” Bronin said. “Stanley has just been tremendous in their commitment. Jim Loree has been tremendous in his commitment to this region and the state. Everybody who is in this room has to go out and be a sales person for this region. We are right now at a moment when we can convert potential into reality.”
Karla Santos can be reached at 860-801-5079 or firstname.lastname@example.org.