Data Science Applications microcredential

Learn how to use the latest tools and techniques in data science to solve complex and challenging business problems with our online, certification-style course on data science for actuaries.

Benefits of a data science microcredential for actuaries

Data science is here to stay, with generative AI, machine learning, artificial intelligence and automated decision making now part of everyday business. Data Science Actuaries are instrumental in helping organisations extract actionable insights from structured and unstructured data sets. 

As an actuary, you have the base skill set to make the most of data science. This microcredential helps you to unlock success where actuarial practice and data science meet.

Future-proof your career

Why the Data Science Applications microcredential?

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Grounded in data science

Gain relevant knowledge that’s applicable to actuarial practice in business, government and policy.

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Designed by actuaries

Develop technical knowledge with an actuarial overlay, integrating data skills with your skills.

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Relevant to your work

Get the skills that you can use today, while also future-proofing your career.

Outcomes

With this Data Science Applications microcredential, you will be able to:

  • Assess the impact of complex business environments on all stages of a data science project.
  • Effectively use a variety of tools and techniques such as neural networks, unsupervised learning, natural language processing and optimisation to successfully solve business problems.
  • Lead the successful implementation of data-driven change in organisations.

Choose your study level

Certification options

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Professional Certificate

For those who want to complete the full credential. Includes tutorials, subject materials, an assignment, and an exam. We recommend you invest 12 hours a week for 13 weeks. You’ll receive a Data Science Applications Professional Certificate digital badge and earn 312 CPD points.

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Certificate

For those who want knowledge and a shareable credential. Includes tutorials, subject materials and assignment. Recommend you invest 7 hours a week for 13 weeks. You’ll receive a Data Science Applications Certificate digital badge and earn 182 CPD points.

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Course Participation

For those with limited time who want to keep their knowledge and skills sharp. Includes tutorials, learning modules and subject materials. Recommend you invest 2 hours a week for 9 weeks. You’ll earn 36 CPD points.

Enrolment details and course prices

Key details 

If you're currently completing your Fellowship Program with the Actuaries Institute or intend to, you should progress through the Fellowship Program principles subjects first, and then enrol in this microcredential, which is an Applications subject. 

Data Science Applications

$3,700 AUD GST exempt

Entry requirements

You must be a qualified actuary to study. See below for
recommended background knowledge.

Semester 1 enrolment dates

16 December 2024 - 20 January 2025

Semester 1 study dates

20 January - 2 May 2025

Semester 2 enrolment dates

10 June - 7 July 2025

Semester 2 study dates

7 July - 17 October 2025

Learning platform

Canvas LMS

Learning materials

A combination of online written materials and 
videos (including links to YouTube). 

Recommended background knowledge

To complete the Data Science Applications microcredential with assessments, you’ll need an understanding of the Actuary Program Data Science Principles subject syllabus, a basic understanding of Python, and online access to learning tools.

Knowledge of the Data Science Principles syllabus

The ‘Data Science Principles’ (DSP) subject is taught as part of the Actuary Program. This syllabus covers:

  • Business understanding
  • Data understanding and preparation
  • Modelling
  • Evaluation
  • Communication

The full subject syllabus has details about learning objectives for each of these topics.

Some of the more technical learning objectives of the DSP syllabus are covered in:

Basic understanding of Python

Students intending to undertake the assessments should have a basic understanding of Python prior to undertaking the Data Science Applications microcredential. This basic understanding should cover topics such as: 


  • data types 

  • storing values in variables

  • using standard functions (e.g. print(), input())

  • basic error handling (e.g. try and except statements)

  • boolean and comparison operators

  • flow control statements (e.g. ‘if, elif, else’, while and for loops)

  • importing and working with modules/libraries (e.g. numpy and pandas)

  • writing functions

  • working with lists

  • working with dictionaries

  • manipulating strings

  • reading and writing datasets

  • manipulating datasets

Examples of resources that cover many of these topics are:

  • textbooks such as: Sweigart, A. (2020). Automate the boring stuff with Python: Practical programming for total beginners. https://automatetheboringstuff.com/ ; and
  • online courses such as: Data Camp’s Introduction to Python and Intermediate Python

Students who undertake the Data Science Applications microcredential will be provided with Python-based practice exercises, case studies and solutions to further develop their Python coding skills.

Students will also have access to a discussion board and tutorials where the Chief Examiner and fellow students will help them solve issues they encounter when coding in Python. They will also learn how to problem-solve using web sites such as Stack Overflow.

Online access to learning tools

Google Colab is a requirement for this subject. If you are unable to access Colab you may utilise an equivalent solution, with prior approval from the Institute. For example, there may be difficulties in China due to firewall restrictions. 



To apply for the use of alternative software, please complete and submit our Application for Alternative Software Use — DSA.

Deepen your understanding

"The Data Science Applications (DSA) microcredential course was very engaging, and one of the best structured and delivered programs I have undertaken with the Actuaries Institute. The scope of DSA is sufficient to help me avoid some of the hype surrounding this technology, and to contribute to realising its potential within my company."

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Andrew McGrath

CFO, QBE Insurance (Singapore), AIAA

Start your microcredential journey today.

The Data Science Applications microcredential gives you deeper data science skills and enhanced career options. All that’s left is for you to choose the time and effort you want to invest in studying.

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