#101 - Tom Wood - CEO, Cazana - Part 1

The power of Artificial Intelligence and Machine Learning presents a huge opportunity to make vehicle valuations more accurate and more dynamic.

One of the very early uses of data in the automotive industry was to estimate current values and predict future values of vehicles. Groups of analysts collected as much data as they could lay their hands on, and used it to identify patterns, build depreciation curves and draw conclusions about what a vehicle might be worth today, or what it might be worth some time in the future. 

The power of Artificial Intelligence and Machine Learning presents a huge opportunity to make vehicle valuations more accurate and more dynamic. Cazana is a company that is doing just that.

I am interviewing Tom Wood, CEO of Cazana. Tom is a passionate car guy, with a background in business and innovation. He has worked in investment banking and management consulting in the past, and has also founded and sold companies in the marketing technology space. 

My interview with Tom is a two-part interview, because, well, we had a lot to talk about.

In part 1 of the interview with Tom, we speak about how Cazana uses AI to solve a problem that is as old as the industry itself, and how its solution benefits dealers, OEMs, insurers and lenders.