The management of large quantities of data, presents a global challenge to many industries. The tools and techniques which data science provides us with is helping to make sense of it.
Actuaries, by the nature of their work, are familiar with using data, but ensuring that they are familiar with some of these emerging techniques is increasingly important.
In addition, actuaries increasingly work alongside data scientists and will benefit from a better understanding of how they work.
The Certificate in Data Science is part of the IFoA’s lifelong learning agenda, and is a significant step for the IFoA as we seek to provide opportunities for our Members to continually develop their skillset in a fast moving, ever changing business environment.
This is a 10 week online programme. There will be eight weeks of learning with structured support for learners, followed by two weeks to complete the final programme assignment. The estimated weekly study time commitment for the certificate is 8-10 hours. This certificate has been designed to be taken anywhere in the world.
The certificate is open to all our members - Fellows, Associates and Students; whatever your background or experience in this area. No prior knowledge of coding is required.
The purpose of this certificate is to provide an introduction to the concepts, tools and techniques used in data science, and their relevance within an actuarial context.
A key part of data science is understanding how it can be applied. The certificate will therefore blend both theory and practice to ensure that these techniques are understood in an actuarial context, with the use of case studies.
The programme is broken down into 6 manageable modules:
1: Introduction to data science, data management & processing
2: Data analysis + introduction to Machine Learning (ML)
3: Data Visualisation and Communication
4: Further Analysis and Artificial Intelligence
5: Good practice of Data Science, and responsible AI
6: Future directions
At the end of this programme you will be able to:
- Understand core concepts in data science and how they relate to AI and ML.
- Retrieve, process and manage relevant data in a range of formats.
- Analyse relevant datasets with state-of-the-art tools and techniques.
- Identify opportunities to apply business solutions with the latest ML and AI technologies in an actuarial context.
- Provide insights about the legal, ethical and technical implications of using big data and AI in an actuarial context.
The next Certificate in Data Science will be held on 7 January - 18 March 2021. Booking will open on 19 October 2020 for the January programme.
You can register your interest in our later programmes which will run on:
- 29 Apr – 8 Jul 2021
- 2 Sep – 11 Nov 2021
- 13 Jan – 24 Mar 2022
Booking will open in February for the April 2021 course
Register your interest for later course dates
If you would prefer to sit one of the later 2021 dates please register your interest on our form and we will update you nearer the time.
By completing the Expressions of Interest form you will be given priority booking, and notified before a general notice is made that bookings are open to the wider membership for the course you are interested in.
Course cost and information
The cost is £1,400.00, which includes:
- access to all materials
- feedback following your first assignment
- access to two group tutorials
- assessment review
View the Candidate Information Pack on the Southampton Data Science Academy website.
Frequently Asked Questions (FAQs)
Read our FAQs to find out more about the Certificate in Data Science.
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