SAN JOSE, Calif., July 16, 2020 /PRNewswire/ -- STANLEY X, the
Innovation hub of Stanley Black
& Decker (NYSE: SWK), today announced a partnership with
DeepHow, the first AI solution to train and transfer knowledge
among skilled workers.
As a partner, Stanley Black &
Decker will use DeepHow's innovative AI platform in
its up-skilling programs. This high-tech platform called
"Stephanie" will improve knowledge capture, increase training
efficiency, and help grow the culture of safety at the company.
Stanley Black & Decker will also
help bring DeepHow's AI platform to its existing customer base and
scale its adoption, focusing on manufacturers, contractors, trade
schools and unions.
"There is a tremendous opportunity to help our customers
minimize the disruption caused by employee turnover," said
Kevin Lemke, VP of Strategy for
Stanley Black & Decker's
Innovation Group. "DeepHow is the only AI knowledge transfer system
for the skilled trades, and we view it as an integral part of the
ecosystem we are beginning to build."
"Our team is very excited to bring on Stanley Black & Decker as our go-to-market
partner," says Dr. Sam Zheng, CEO of
DeepHow. "We think about manufacturing and construction as prime
opportunities for our AI-powered knowledge capturing and learning
platform, given the aging workforce and skilled labor shortage.
Because of Stanley Black &
Decker's strong positions across the tools and storage, security
and industrial markets, this partnership will greatly accelerate
innovative uses for DeepHow to help their customers find solutions
to business challenges."
Established in 2018, DeepHow bridges the skills gap challenge in
manufacturing, service, and construction industries through an
AI-powered knowledge capturing and learning platform. While experts
perform their individual tasks and processes, DeepHow captures
their workflow via a mobile app. Using the latest AI technologies,
this captured data is extracted and synthesized, turning complex
workflows into step-by-step, how-to videos. Not only does the AI
platform seamlessly capture and organize expert knowledge, but it
also delivers just-in-time information to workers in multiple
languages, making knowledge digitalization highly efficient and
scalable across the enterprise.
"Learning from videos has become the most preferred way of
learning," says Patrik Matos, Chief
Product Officer of DeepHow. "But traditional video production is
labor-intensive, time-consuming, and not scalable for enterprises.
Our DeepHow AI platform introduces a paradigm shift for technical
training. It enables companies that rely on skilled labor the
ability to rapidly create a usable, accessible knowledge library to
learn effectively, improve safety, and increase productivity.
Stanley Black & Decker's
extensive reach and reputation within the industry will help us
deliver on our mission."
"By engaging with DeepHow at this early stage, Stanley Black & Decker is looking to apply
the power of the technology to the biggest needs of the industry
and develop a suite of solutions to benefit our current and future
customers," said Mike Keogh,
President of STANLEY X. "Our partnership with DeepHow gives us
another way to help our customers gain competitive advantage by
using technology to solve some of their biggest challenges."
Learn more about the partnership in this video.
About STANLEY X and Stanley
Black & Decker
STANLEY X is the innovation hub of Stanley Black & Decker. Through innovation,
collaboration, and smart risk-taking, it aims to drive positive
change by addressing the right problems to improve lives. For more
information, visit www.stanleyx.com
Stanley Black & Decker is a
$14 billion revenue, purpose-driven
industrial organization. Stanley
Black & Decker has 58,000 employees in more than 60
countries (as of 2019) and operates the world's largest tools and
storage business, the world's second-largest commercial electronic
security company, a leading engineered fastening business as well
as Oil & Gas and Infrastructure businesses. The company's
iconic brands include BLACK+DECKER, Bostitch, CRAFTSMAN, DEWALT,
FACOM, Irwin, Lenox, Porter Cable
and STANLEY. Stanley Black &
Decker is a company for the makers and innovators, the craftsmen
and the caregivers, and those doing the hard work to make the world
a better place.
About DeepHow
DeepHow (www.deephow.com) was founded in 2018 by a team of
ex-Siemens researchers and engineers who saw an unmet need to
transfer knowledge in the skilled trades labor market. They
developed a solution that bridges the skills gap in manufacturing,
service, and construction through an AI-powered knowledge capturing
and learning platform based on smart how-to videos. Its platform,
AI Stephanie, streamlines know-how capturing and knowledge transfer
with simple, intuitive user interfaces, delivering 1) 10x
time-saving for content creation using AI workflow indexing
and segmentation; 2) 25% performance improvement using smart
how-to videos, and 3) high customer satisfaction at 90+ Net
Promoter Score demonstrating the ease of use and
adoption.
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SOURCE Stanley Black &
Decker