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More data, more specialization, more money: How the role of appraisers is changing forever
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Valuation leaders across the industry descended upon Las Vegas for the Valuation Expo June 23-25 to share insights on the current state of the appraisal profession and the direction that it is heading. Over the course of the three-day event, many topics were touched upon, but if there was a prevailing theme, it might be this: The days of using three comps to come to a value conclusion are over, and the era of Big Data has begun.
Big Data, defined simply, is a collection of complex data sets. With more analytics available by the day in our computer-run world, knowing how to use Big Data to come to appropriate appraisal values is going to redefine the role of appraisers in the coming years.
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