AVM (Automated Valuation Model) is a method of valuation, for example of real estate, which is able to calculate a price on the basis of predefined data and a specially developed algorithm. AVM is very often used in the real estate or insurance industry.
The real estate industry is one of the oldest and most prominent ones still on the market, but it’s also one of those most open to technological innovations. It’s hard not to notice why that is the case – real estate agents are tasked with predicting pricing and various other market trends involving supply and demand. In order to handle that well, they receive the education and know-how necessary for them to prepare for it.