Financial institutions are exploring quantum computing to dramatically speed up immensely complicated calculations and improve their accuracyDownload the full report
Today’s financial services environment embodies the philosophy of survival of the fittest. Institutions battle for tiny competitive advantages using the best technologies available. At the same time, some are already exploring next-generation “quantum computing” to dramatically reduce the time required for immensely complicated calculations and significantly improve accuracy.
Quantum computing, a hot research area in technology research labs worldwide, remains a few years away from having a huge impact on the financial services industry. However, compelling reasons are emerging to begin assessing the role and potential of quantum for your business now. One easy way to get started is to join an emerging financial services quantum ecosystem.
Early quantum computing adopters can potentially position themselvesto take advantage of the technology’s diverse possibilities. They are also more apt to chart the direction of the industry by setting new standards. Although fully fault-tolerant universal quantum computers are years away, organizations should engage now. Important and promising use cases are being identified, tools and algorithms are in development, and proprietary ecosystems are being formed. Such efforts will coalesce over time, providing first movers with a quantum advantage.
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Meet the Authors:Francis Lacan, Global Financial Risk Solution Executive, IBM Global Markets, Stefan Woerner, Global Leader, Quantum Finance and Optimization, IBM Research, Elena Yndurain, IBM Q Consultant - Financial Services, Global Business Services, Nicholas Drury, Global Banking and Financial Markets Leader, IBM Institute for Business Value, Lynn Kesterson-Townes, Global Cloud & Quantum Leader, IBM Institute for Business Value, Global Business Services