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Hazem MoussaGuestPatrickHostContax net income fell by about half last year-
... uh, according to the most recent earnings release, and they called it a rebuilding year.
They talked that up.
How does that feel to see net income come down fifty percent, to see it described as a, a rebuilding year or a transition year?
I mean, people can choose the terminology, but I think there were-- there were a number of, of circumstances in, in the, in this transition in the last year.
There was a bit of a change of strategy within that and big change at the leadership of the company, um, rebuilding or let's say, you know, preparing for the next phase kind of-
Mm-hmm
... thing, which I, I prefer to use that terminology because it's, you know, rebuilding your, you know, really-
Yeah
You're not tearing that down to studs
So I think the next phase is very promising, whether that's in finance or insurance.
Uh, insurance is a younger, younger industry, so there's a, there's a lot of room there in both, on both sides and, uh, you know, the, the results of the last year, I think, are just in, in a short-term, uh, consideration rather than where it's headed, and so that's my view and my hope, of course, but, uh, yeah.
Contax said that AI and digital infrastructure had helped them cut, uh, by about half the credit decision cycle.
It accelerates time to, uh, great results for capable people and time to stupidity for the less competent.
How do you know which one it is? How do you know the most beneficial use of AI in a business like Contax?
How do you know? Ask yourself that while you're doing it because, uh, there's no sure, sure way.
Contax net income fell by about half last year-
... uh, according to the most recent earnings release, and they called it a rebuilding year.
They talked that up.
How does that feel to see net income come down fifty percent, to see it described as a, a rebuilding year or a transition year?
I mean, people can choose the terminology, but I think there were-- there were a number of, of circumstances in, in the, in this transition in the last year.
There was a bit of a change of strategy within that and big change at the leadership of the company, um, rebuilding or let's say, you know, preparing for the next phase kind of-
Mm-hmm
... thing, which I, I prefer to use that terminology because it's, you know, rebuilding your, you know, really-
Yeah
You're not tearing that down to studs
So I think the next phase is very promising, whether that's in finance or insurance.
Uh, insurance is a younger, younger industry, so there's a, there's a lot of room there in both, on both sides and, uh, you know, the, the results of the last year, I think, are just in, in a short-term, uh, consideration rather than where it's headed, and so that's my view and my hope, of course, but, uh, yeah.
Contax said that AI and digital infrastructure had helped them cut, uh, by about half the credit decision cycle.
It accelerates time to, uh, great results for capable people and time to stupidity for the less competent.
How do you know which one it is? How do you know the most beneficial use of AI in a business like Contax?
How do you know? Ask yourself that while you're doing it because, uh, there's no sure, sure way.
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