The International Valuation Standards Council (IVSC) has released a paper examining how artificial intelligence is influencing the valuation profession and sets out what practitioners need to understand to adapt confidently.
The IVCS Perspectives Paper entitled Navigating the Rise of AI in Valuation: Opportunities, Risks, and Standards was released in early September 2025. For valuers, the paper offers clear and practical guidance. It explains how AI can be used to streamline repetitive tasks such as data collection, report drafting, and the processing of unstructured information. By freeing up time, these tools enable valuers to concentrate on higher value elements of their work including professional analysis, scepticism, and the application of judgement. This shift creates opportunities to enhance efficiency while strengthening the quality of outcomes delivered to clients.
The paper also clarifies the boundaries of compliance. Under the International Valuation Standards (IVS), an automated system alone cannot produce a compliant valuation. The valuer must always remain responsible for the selection of data, the assessment of models, and the verification of results. AI can support but never substitute the human oversight that ensures valuations meet the standards demanded by regulators, clients, and courts. This reassurance is vital for practitioners seeking to integrate technology into practice without compromising professional credibility.
A copy of the IVSC perspectives paper can be downloaded via the link below:
Looking to the future, the report highlights potential enhancements to IVS that valuers should prepare for. These include greater transparency in declaring where and how AI has been used, stronger requirements for data integrity, explainability of valuation models, and more rigorous quality control. Understanding these emerging expectations will help valuers future proof their practice and demonstrate leadership in adopting technology responsibly.
The IVSC paper is also an invitation for valuers to influence global standards. The IVSC is actively seeking feedback on how AI is currently being used, what opportunities and risks are most relevant, and what safeguards are required to protect professional integrity. This provides an opportunity for practitioners and firms to contribute their practical insights, ensuring that the standards reflect real world practice and support valuers in delivering trusted outcomes.
Ultimately, the paper equips valuers with knowledge to make informed decisions about adopting AI in their work. It reinforces the message that while technology can enhance practice, it is the professional who provides accountability, trust, and transparency. By engaging with the report, valuers can strengthen their role, adapt to a changing environment, and help lead the profession into a future where innovation and professional judgement work hand in hand.
Ends.
