Technological advancements in data and advanced analytical methods play a crucial role in the future of the actuarial profession.

Organisations accelerating automation and data-driven decision-making, partner with quantitative professionals, such as actuaries, to achieve strategic and operational goals. While the aim is to increase business productivity, adoption of new techniques requires awareness of certain risk factors. In this article, we touch upon the risks involved in adopting new data-driven technologies, potential consequences and ways to mitigate these risks.