Data Science is no longer just a buzzword and organisations across the board have made it a part of their day-to-day operations. However, there is one more domain that has a significant connection with data science — actuarial sciences. It is also one of the important aspects businesses need to consider in order to avoid risks.

Actuary: A Fortune Teller & An Advisor An actuary is a pillar of financial security, has extensive mathematical knowledge and skills. An actuary measures the probability and risk of future events and also, predicts the financial impact on a business and their clients. One of the primary things that actuaries need to have is a deep mathematical base. They must know the nuts and bolts of mathematics, statistics, and financial theory.

Source: analyticsindiamag.com
Author: Harshajit Sarmah