Students need to learn so many skills before they enter the adult world and start making decisions on their own. While schools are working hard to prepare children for the future, some lessons cannot be taught in the classroom.
With this gap, it is no surprise many young people spend their first few years away from home struggling to figure out how to succeed on their own. As parents, educators, and business leaders have come together, they have realized that academic competitions are one of the best ways to teach these missing skills.
When students participate in an academic competition, they learn the real-world skills not taught in school while also putting into practice the concepts they have already touched on.
One of the abilities the next generation will need to succeed in today’s digital world is data management. Academic competitions like The Modeling the Future Challenge are swooping in to teach students this marketable tool in a fun and concrete way.
So, why is data management so important?
Data management helps us make big decisions.
Both personally and professionally, all decisions we make are based on some form of data. Think about it. When you get dressed in the morning, you may look at the expected high and low temperatures, if there is rain, snow, or sun outside, and what season it is, to decide what to wear.
While this is a simple example, each of these is a piece of data you thought about to make an educated decision. The process is no different for big decisions like making an investment, taking a job, or how many college classes to take at a time.
Teaching students how to organize and manage the data they encounter daily will help them make their own big decisions in the future.
Data management helps us see the big picture.
When small things happen over a large period-of-time, it is easy to miss their impact. However, when we take a step back and look at the entirety of any situation, it’s easy to see the effects of small repetitive actions; a great example of this rainfall in a given region. It may seem only to rain a few inches at a time, but when you look at the totals for the entire year, you can spot a surplus or deficits and make changes accordingly. These big picture realizations are the driving force behind the daily realities of our lives.
Data management is one of the best tools a business can leverage for growth.
Whether a company is large or small, they are continuously collecting data from various points; what customers buy and don’t buy, what time of year materials are available or out of stock, even what time of day they need more staff in the building.
These may seem like obvious decisions, but every one of them is based on the data someone collected and organized to guide best practice. Having good data management skills will make students an asset to whatever company or industry they decide to pursue.
Where can students learn data management skills?
Unfortunately, the formal education system doesn’t do much for teaching data science and data management. We need to look beyond the formal classroom to help with this critical real-world skill. One of the best academic competitions for teaching students data management is the Modeling the Future Challenge. In this competition, students get the opportunity to solve real-world problems by collecting and analyzing data.
Participants in the Modeling the Future Challenge won’t stop there, though. They will then use what they have learned to develop a solution that can be implemented to make the world we live in a better place. That means they will need to organize and present their data so that others can understand their concept and the outcome.
This part is crucial because students will be presenting their ideas to leading business professionals in the industries they may themselves work one day.
The Modeling the Future Challenge is the perfect balance of pushing students to learn new skills and motivate them to work hard to achieve their goals.
Registration is already open for the Modeling the Future Challenge, so don’t wait and register today!
If your ready to have fun and learn new skills along the way, head to our competitions page to see what academic competitions are coming up. Set up your account to follow competitions that excite you and stay up-to-date on all the news with academic competitions.
See more than one academic competition you would like to participate in? Upgrade to a premium account so you can track your progress in competitions, get insider information on academic competitions, access the ICS competitions concierge, and gain exclusive discounts on ICS-managed programs.”
If 2020 has taught us anything, it is the importance of making big decisions. From COVID-19 to an economic crisis to wildfires raging across much of the western US, big things are happening all around us. This isn’t unique to 2020, though it does seem like there are more big things happening at once this year than there have been in the past. To many students, it may seem like these major life events are out of their control; however, being able to navigate tricky situations and make an educated decision on the best course of action is a life skill that will benefit them greatly as they grow into their future careers.
We can’t go back on 2020 and do it over, but we can use these big, risky circumstances as teachable moments with students and empower them to become better decision makers throughout their lives.
One great way to teach risk analysis and the art of making big decisions is the Modeling the Future Challenge. Participants in this challenge work together to come up with their own recommendations on how to solve real-world problems. This has many lasting benefits for the students who decide to take on the challenge. These benefits will help them navigate situations now and into adulthood. Here are a few ways you can use the Modeling the Future Challenge to bring these skills forward for your students!
Show students they can make an impact.
When big problems plague our lives, it is easy for us to feel like there is nothing we can do about it. Allowing students to tackle big problems in a safe environment like the Modeling the Future Challenge, shows them firsthand that with the right tools, some imagination, and teamwork, even kids can solve big problems.
This is the perspective and motivation behind many of humankind’s most outstanding achievements. It is also a skill hard to teach in the classroom. That is why academic competitions are such a valuable addition to a student’s education. They are the perfect setting to push kids to think past their limits and get creative. The 2020-21 Modeling the Future Challenge has an open theme which allows students to identify their own challenge topic for their research project. This freedom of choice is a big driver in helping students take ownership of their project and work towards recommending ways to approach the risks associated with the topic they have selected.
Teach students how to analyze risks.
Every decision we make involves some amount of risk. While some risks are bigger than others, having the skills to determine the level of risk in any situation and determine the possible outcomes is a life skill that students will utilize throughout life. Perhaps a student wants to go to a friend’s birthday party. In today’s world with COVID-19 still a concern, this simple question poses a potential risk. How can someone, especially, a student understand how to analyze that risk? There is always an inherent risk when making any decision, but now there is even more to analyze and think about than ever.
The Modeling the Future Challenge gets down and dirty with data. It pushes students to think about analyzing any situation with a real-world mathematical mindset. Students taking on the Modeling the Future Challenge get enveloped into a world of data science and mathematical modeling that give them tools they can take forward into any situation throughout their life.
Students who participate in The Modeling the Future Challenge will learn the Actuarial Method (much like the scientific process) to weigh risks, big and small. Because this method is learned through hands-on, real-world action, students will internalize the skills they learn and easily use them again and again.
Inspire students to make big decisions.
Navigating risk is a part of our daily lives, but so is decision making. Many times, students make it all the way through school without having to make any big decisions on their own. Then they find themselves away at college where their decisions have real-life ramifications, with no idea how to make the best choice.
Participating in the Modeling the Future Challenge gives students the perfect environment to think for themselves, collaborate with peers, and feel the outcome of their decisions. In addition, allowing students to own their choices and the results is one of the best real-world learning opportunities a student can have. The Modeling the Future Challenge has created the perfect environment for ambitious students to do just that.
Making big decisions is also about confidence. Do you have the confidence in yourself to present to your boss, your teacher, or a whole organization information where there is no single, exactly right answer? That’s what it takes to be in many leadership roles today. Leaders at all levels must be able to confidently present information with their own analysis and make recommendations on how to move forward to tackle a large-scale challenge. This may be the most important skill the Modeling the Future Challenge can help students learn. This confidence doesn’t come from nowhere. It is nurtured by long, hard practice, and the MTFC is a great place to help students start!
The Modeling the Future Challenge is open for registration through November 16th. Don’t miss the opportunity to get engaged in this year’s number one real-world data-science and math-modeling competition!
Learn more about the Modeling the Future Challenge today!
No matter what competition you choose, giving students the opportunity to participate in academic challenges is a great way to enhance their education and teach them the skills they need to navigate whatever comes their way. Interested in the Modeling the Future Challenge and other academic competitions?
Head to our competitions page to see what academic competitions are coming up. You can also set up your account to follow competitions that excite you and stay up to date on all the news with academic competitions.
Upgrade to a premium account so you can track your progress in competitions, get insider information on academic competitions, access the ICS competitions concierge, and gain exclusive discounts on ICS-managed programs.
170 teams from across the country challenged themselves with qualifying scenarios in the 2019-20 MTF Challenge. This past week The Actuarial Foundation announced the 98 teams that qualified for the project phase of the challenge! These teams have completed one or more intense qualifying scenarios to move forward. Each scenario challenged students to analyze real-world data and respond to questions including statistical analysis, trend projections, risk identification, and critical-thinking.
The qualified teams are now being connected with actuary mentors through The Actuarial Foundation’s network of volunteers. These teams will have until the end of February to complete their own modeling the future project and present a report on how they expect climate change or water access to impact the future of agriculture! See if a team from your state qualified in the list below, and don’t forget to check out the Modeling the Future Challenge website on how you can join the challenge to help model the future next year!
2019-20 MTF Challenge Qualifying Teams:
Team Name | School or Organization | City, State |
Acton Boxborough Team | Acton Boxborough Regional High School | Acton, MA |
NDBeSmarTigers | Notre Dame High School | Belmont, CA |
Mathmagicians | Whitney High School | Cerritos, CA |
Accurate Actuary | Whitney High School | Cerritos, CA |
Math Modelling | Hamilton High School | Chandler, AZ |
Payton – Team 2 | Walter Payton College Prep (Chicago Public Schools) | Chicago, IL |
Payton – Team 1 | Walter Payton College Prep (Chicago Public Schools) | Chicago, IL |
Cream of the Crop | Student Team | Clarkstown, NY |
Blue Devil Hedge | Columbus High School | Columbus, GA |
CHS Visionaries | Columbus High School | Columbus, GA |
Squad-ratics | iSTEM Geauga Early College High School | Concord Township, OH |
Minute Men | iSTEM Geauga Early College High School | Concord Township, OH |
High Voltage | iSTEM Geauga Early College High School | Concord Township, OH |
Alge-bros | iSTEM Geauga Early College High School | Concord Township, OH |
10% Rule | Monta Vista High School | Cupertino, CA |
Science Bound | Science Bound | Des Moines, IA |
Central Academy A | Central Academy | Des Moines, IA |
Central Academy B | Central Academy | Des Moines, IA |
Unicorn 5 | NC School of Science and Mathematics | Durham, NC |
Unicorn 1 | NC School of Science and Mathematics | Durham, NC |
Unicorn 4 | NC School of Science and Mathematics | Durham, NC |
Purple Potato Donkey | NC School of Science and Mathematics | Durham, NC |
HHS Streaks! | Harrisonburg High School | Harrisonburg, VA |
Falcons | Kalani High School | Honolulu, HI |
Dolphins R Us | Arkansas School for Mathematics and Science | Hot Springs, AR |
ASMSA | Arkansas School for Mathematics and Science | Hot Springs, AR |
Booravo | Booravo | Irvine, CA |
Paxon Eagle | Paxon School for Advanced Studies | Jacksonville, FL |
Paxon | Paxon School for Advanced Studies | Jacksonville, FL |
Jericho A | Jericho High School | Jericho, NY |
Jericho B | Jericho High School | Jericho, NY |
Don’t Spill The Beans | Kalaheo High School | Kailua, HI |
[redacted] Consulting | Kalaheo High School | Kailua, HI |
GSMST-Team 3-5 | GSMST | Lawrenceville, GA |
GSMST-Team 3-3 | GSMST | Lawrenceville, GA |
GSMST-Team 7-10 | GSMST | Lawrenceville, GA |
GSMST-3-2 | GSMST | Lawrenceville, GA |
GSMST-Team 3-1 | GSMST | Lawrenceville, GA |
GSMST-Team 7-11 | GSMST | Lawrenceville, GA |
GSMST-Team 3-7 | GSMST | Lawrenceville, GA |
GSMST-Team 3-4 | GSMST | Lawrenceville, GA |
Atoms | High Technology High School | Lincroft, NJ |
LAHS Team A | LAHS Math Modeling Club | Los Altos, CA |
LAHS Team B | LAHS Math Modeling Club | Los Altos, CA |
MVHS Math Modeling #2 | Mountain View High School Math Modeling Club | Los Altos, CA |
Alphabeta | North Hollywood High School | Los Angeles, CA |
Math Matters | Milton High School | Milton, GA |
Mathigators | Everglades High School / Miami Dade College | Miramar, FL |
Mountain View High Math Modeling Team | Mountain View High School Math Modeling Club | Mountain View, CA |
Team Rocket | Hunter College High School | New York, NY |
team pepe | Hunter College High School | New York, NY |
HCHS | Hunter College High School | New York, NY |
Glenbrook North 1 | Glenbrook North High School | Northbrook, IL |
Wheatley WildCalcs | The Wheatley School | Old Westbury, NY |
Casti Corn | Castilleja School | Palo Alto, CA |
The Bean Team | Castilleja School | Palo Alto, CA |
ESAD | Castilleja School | Palo Alto, CA |
Wayzata Blue | Wayzata High School | PLYMOUTH, MN |
Wayzata Gold | Wayzata High School | PLYMOUTH, MN |
Five Guys Burgers and Math | Richard Montgomery High School | Potomac, MD |
🙂 | Richard Montgomery High School | Potomac, MD |
Bulldog Warriors | Winston Churchill High School | Potomac, MD |
Perfectly Phat Pandas | Wootton High School | Potomac, MD |
Green | Independent | Redmond, WA |
Cutwrongs | Maggie Walker Governors School | Richmond, VA |
Calcoholics | Maggie Walker Governors School | Richmond, VA |
The Wurst | Maggie Walker Governors School | Richmond, VA |
McGERM!! | Maggie Walker Governors School | Richmond, VA |
Crystal Math | Maggie Walker Governors School | Richmond, VA |
Joshua n’ Co. | Maggie Walker Governors School | Richmond, VA |
Zim Boys Never Broke | Maggie Walker Governors School | Richmond, VA |
America’s Next Math Models | Lick-Wilmerding High School | San Francisco, CA |
Tigers | Lick-Wilmerding High School | San Francisco, CA |
Lick-Wilmodeling | Lick-Wilmerding High School | San Francisco, CA |
√-1 2^3 ∑ Π (I Ate Some Pie) | Lick-Wilmerding High School | San Francisco, CA |
Proof School | Proof School | San Francisco, CA |
St. Ignatius Blue | St. Ignatius College Preparatory | San Francisco, CA |
ZOOM | East Side Union High School | San Jose, CA |
MANEssentials | East Side Union High School | San Jose, CA |
Team Darius | East Side Union High School | San Jose, CA |
Static Function | Santa Teresa High School | San Jose, CA |
QLS Math | Quarry Lane School | San Ramon, CA |
Team Geicko | West Ranch High School | Santa Clarita, CA |
Team REKT | West Ranch High School | Santa Clarita, CA |
Maria Carrillo Pumaths | Maria Carrillo High School | Santa Rosa, CA |
Zoomers | Academy for Information Technology | Scotch Plains, NJ |
Cookies ‘n Cream | Academy for Information Technology | Scotch Plains, NJ |
Water | Academy for Information Technology | Scotch Plains, NJ |
SuperBoyz | Academy for Information Technology | Scotch Plains, NJ |
1blair | Montgomery Blair High School | Silver Spring, MD |
Waukee APEX – Foxtrot | Waukee APEX | Waukee, IA |
Waukee APEX – Tango | Waukee APEX | Waukee, IA |
Westtown 3 | Westtown School | West Chester, PA |
Westtown Moose 1 | Westtown School | West Chester, PA |
Westlake Modeling | Connecting for Kids | Westlake, OH |
Differentiation Nation | Yorkville High School | Yorkville, IL |
Team Stemmet | Yorkville High School | Yorkville, IL |