Brief Session Description

The role of AI and machine learning in the valuation industry is inevitable. In 2018, Property Valuation Services Corporation, the assessment jurisdiction for Nova Scotia, Canada, used a machine learning algorithm to produce accurate assessments for its residential improved file. In this presentation, PVSC will share its machine learning results to date and how it is integrating machine learning and other technologies into its operations - evolving and strengthening quality, productivity and processes while gaining efficiencies.

Presentation Category

Real Property Valuation Agricultural, Commercial/Industrial and Residential

Audience Expertise

Intermediate (Ideal for the participant with a general knowledge within the areas covered.)

Location

207-208

Start Date

9-9-2019 4:15 PM

End Date

9-9-2019 5:15 PM

Moderator Name

Keith Erffmeyer

Appendium Knowledge Area

Appraising Property

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Sep 9th, 4:15 PM Sep 9th, 5:15 PM

Machine Learning Algorithms: The Future of Property Valuation?

207-208

The role of AI and machine learning in the valuation industry is inevitable. In 2018, Property Valuation Services Corporation, the assessment jurisdiction for Nova Scotia, Canada, used a machine learning algorithm to produce accurate assessments for its residential improved file. In this presentation, PVSC will share its machine learning results to date and how it is integrating machine learning and other technologies into its operations - evolving and strengthening quality, productivity and processes while gaining efficiencies.