Obligated under professional standards to consider the ultimate impact of data strategies, Australia’s actuaries are championing the highest standards of ethics and innovative frameworks for data science.
Maximise the benefits of a data-driven future – Australia’s corporate and government sectors have a duty to do this as the success of the Nation depends on it.
The intelligent application of data will dramatically increase the quality of goods and services and the efficiency with which they are delivered. This means better, more affordable healthcare and transport, more personalised products and marketing, less waste and reduced environmental impact.
Countries that fully embrace data will be wealthier, create more jobs and attract their fair share of the world’s best talent.
Ensure the benefits of a data-driven future will be fairly shared – Both governments and the corporate community need to demonstrate and ensure the data revolution does not lead to greater inequalities and that the benefits of data-driven growth are enjoyed by all.
Use data in the interests of the person who share it – The data economy is reliant on citizens choosing to share their data. When a person shares their data with any organisation – whether public or private sector – that organisation has a duty to use this data in their best interests.
Transparency and accountability for how people’s data is used and a respect for their privacy – Organisations…demonstrate this at all times to retain their social license to operate