The Development of Market Method of Asset Appraisal Based on the Application of Big Data

Abstract

Big data could be utilized in work and life. Asset appraisal could also make full use of big data to improve the efficiency and effectiveness of appraisal. The paper is going to study the application of big data in different fields to learn how big data works in practices and what the effect is after utilizing the new tool. Then, the paper is going to apply big data in appraisal in specific work environment. By collecting information, researching literature and practicing with appraisers, this paper finds some means to improve market method by making full use of big data.The article researched further by applying the method in different projects of asset appraisal. Real estate, intangible asset, corporate valuation and machines could be valued by the market method improved by big data. There are different details for appraisers to be careful in practical work. Some companies have already put the technology into practice and achieved great benefit, which makes the application of big data meaningful.