Some speculate that the Academy may also produce a monolith dedicated to Big Data as well.
Or maybe a monogram.
Either way, what is certain is that Big Data and the applicable statistical methods that come along with it are going to play a significant role in the actuarial profession.
And in order to handle Big Data, you need a Big Actuary.
While this was not the main point of the monograph, there are several factors that contribute to the need of a giant actuary.
Big Data is often in the Cloud
The Academy's monograph cites 5 "v's" relate to big data, the first two of which are Volume and Velocity. Big Data happens 24/7 and the storage requirements are colossal, hence the need for the cloud.
Many Bodies are Involved
Actuaries on these teams may be thought of as the subject matter experts. But actuaries may be positioned to be the quarterbacks of the Big Data teams.