Mathematics is underlying in every field of study. The skills that are developed through the persistent study of mathematics are applicable to many fields and will help an individual in everyday life or in-depth studies. Actuarial Science is the perfect way to combine mathematics with the business world. In the business world, decisions that can have an effect on millions of shareholders are made on a daily basis. Anything can be represented by variables or equations and being able to understand and explain this to others is a specialized skill that will benefit a mathematics major working in any field. Being able to turn something abstract into a concrete concept using numbers allows us a deeper understanding of everything around us. Individuals with the ability to understand mathematics develop incredibly strong levels of creativity and problem solving. A mathematical background enhances the ability of an individual to approach complicated scenarios and understand how to attack them in various ways until finding an optimal solution. This skill is vital in our actions because most issues, quantitative or qualitative, will involve failure. Being able to adapt to this and use the experience to further your future projects will continue to make a valuable asset.
Critical thinking and problem-solving abilities are used every day by people to make decisions large and small. The intense collegiate learning of mathematics better equips us for the difficult decisions in all aspects of our personal and professions lives. While our language can be ambiguous, numbers cannot be. Numbers will always properly represent any data set that it is associated with. Being able to represent anything with numbers is what makes them so versatile and widely used. Technological advancements have only been an asset to the many realms of mathematics, allowing people to manipulate big data and perform thousands of calculations with a few keystrokes.
Using technology to aid in mathematics is one of the most significant things we have done in our society. Being able to manipulate numbers in many different ways so quickly allows us to process information at a much higher rate than ever before. Actuaries working in insurance use enormous amounts of data to develop risk factors and create large predictive models to help price a wide variety of products. Interpreting the large data and tests behind the data is essential to allow others to not only understand the data but to understand where it comes from. While it may be easy for many people to find the data, without a deeper understanding it may be misapplied, and the validity could not properly be checked. In the business world this is crucial because you may be selling a product or giving a presentation to higher management, but without them understanding the validity, they may never see the usefulness and effectiveness of the data. Actuaries use their mathematical knowledge and critical thinking ability to solve previously unsolvable problems and make a positive difference in the world.
Critical thinking and problem-solving abilities are used every day by people to make decisions large and small. The intense collegiate learning of mathematics better equips us for the difficult decisions in all aspects of our personal and professions lives. While our language can be ambiguous, numbers cannot be. Numbers will always properly represent any data set that it is associated with. Being able to represent anything with numbers is what makes them so versatile and widely used. Technological advancements have only been an asset to the many realms of mathematics, allowing people to manipulate big data and perform thousands of calculations with a few keystrokes.
Using technology to aid in mathematics is one of the most significant things we have done in our society. Being able to manipulate numbers in many different ways so quickly allows us to process information at a much higher rate than ever before. Actuaries working in insurance use enormous amounts of data to develop risk factors and create large predictive models to help price a wide variety of products. Interpreting the large data and tests behind the data is essential to allow others to not only understand the data but to understand where it comes from. While it may be easy for many people to find the data, without a deeper understanding it may be misapplied, and the validity could not properly be checked. In the business world this is crucial because you may be selling a product or giving a presentation to higher management, but without them understanding the validity, they may never see the usefulness and effectiveness of the data. Actuaries use their mathematical knowledge and critical thinking ability to solve previously unsolvable problems and make a positive difference in the world.
