Are there some skills valuers will ‘no longer need to learn’ in the digital technology environment?

Iddrisu Kasim, Abdul-Rasheed Amidu and Deborah Levy

ERES from European Real Estate Society (ERES)

Abstract: Digital technologies are changing workplaces physically and functionally so much that working professionals need to develop digital skills to ensure that they do not become ‘physically present but functionally absent’ in the 21st Century business environment. Accordingly, the nature of the current business space makes digital skills fundamental requirements for a sustainable career in modern valuation practice despite the fact that the valuation profession traditionally does not demand digital literacy are a requirement for professional practice. This brief review examines the digital skills valuers currently have per their training to assess the skills which are relevant, and suggests which digital skills should be the focus of training programmes meant for building the capacities of present and prospective valuation professionals. From the review, the ability to carry out valuations using digital tools is no longer a brand of competitive advantage but increasingly becoming a valuable requirement in the digital era though many working professionals and job seekers lack basic digital skills. This article forecasts that this skills gap can be bridged through digital training in the universities for future professionals and through continuous professional development (CPD) programmes for working professionals at risk of displacement from the valuation profession. Consequently, communication, collaboration, creativity, critical thinking, information, and problem-solving skills (van Laara, et al., 2019) are general fundamental digital skills that valuation professionals should focus on acquiring rather than learning skills such as writing, reading, measured drawings, data entry and analysis, photography which are efficiently done by various digital tools.

Keywords: Automation; Digital Technologies; Property Valuation; sustainable careers (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2023-01-01
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