Artificial Intelligence (AI) is rapidly transforming the valuation landscape. From data sourcing and analysis to model generation and report writing, technology is reshaping how valuations are performed, delivered, and scrutinised. But what does this mean for professional valuers — and for International Valuation Standards?
In this new IVSC Perspectives Paper, Navigating the Rise of AI in Valuation: Opportunities, Risks, and Standards, the IVSC’s Technology Working Group examines the growing use of AI and related technologies in valuation, highlighting both the potential benefits and critical challenges.
Key themes include:
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The growing use of AI in data collection, modelling, and report generation
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Risks to transparency, quality control, and confidentiality
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How IVS 2025 addresses the use of valuation technology
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Why professional judgement remains irreplaceable in IVS-compliant valuations
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Future areas for potential IVS enhancement, including model governance and explainability
The paper makes clear that while AI can be a powerful tool to support valuers, it cannot replace them. IVS (effective 31 January 2025) affirms that professional judgement and scepticism are essential to ensuring valuations remain fit for purpose, regardless of the technology used.
The IVSC invites stakeholder feedback on the paper’s insights and proposed enhancements to IVS. Download the paper below and share your views.
Send feedback to: contact@ivsc.org