Author: Paul-Roux de Kock

Artificial Intelligence (AI) is reshaping industries worldwide and property valuations are no exception. By leveraging machine learning and big data, AI-driven models promise faster, more accurate and cost-effective property assessments. However, as AI adoption accelerates, so do concerns around trust, transparency and accountability. How do we ensure that AI-driven valuations remain reliable, explainable and free from bias? Lightstone, pioneered its AI-powered valuation and automated valuation models in 2019 and developed its Artificial Intelligence Valuation Model (AiVM) to deliver increased accuracy, provide broader market coverage to the corporate users of its traditional Automated Valuation Model (AVM) as well as open its…