What are the study scope differences between Actuarial Science vs Data Science?
What are the job descriptions, roles & responsibilities' differences between Actuarial Scientist vs Data Scientist?
Actuarial science relates not only to insurance activities but also financial modelling and investment.
Actuarial is all about finance type things (insurance, modeling, investment, etc.). Data science, on the other hand, has a lot of far ranging definitions. I teach a data science curriculum, and I cover aspects in databases, informatics, data mining, machine learning, data visualization, GIS, and many other types of areas. Data science skills are great to have in actuarial practice, but one does not need them necessarily to be an actuary.
Hi all,
Thanks for your input. I also found the following 2 links from Internet Quora. Take a look - if you can't access perhaps you need to register for a free account before accessing.
https://www.quora.com/What-are-the-fundamental-similarities-and-differences-between-an-actuary-Actuarial-Sciences-and-a-Data-Scientist-Data-Science
https://www.quora.com/Actuarial-science-vs-computer-science
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