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TECHNOLOGY STRATEGY simulation capabilities, with the platform supporting multiple programming languages and integrates with classical computing frameworks.
IBM Quantum processors work on production financial data Jay says this is the first example of quantum computing delivering measurable advantages on production industry data.“ It’ s the first example of using quantum on real industry data,” he says.“ As our systems get bigger, faster and more performant, and as we start to discover more algorithms, we are only going to see more and more of these examples.”
The collaboration tested quantum methods on probability calculations with multiple interactive variables. These statistical challenges require processing vast amounts of interdependent data.
Philip says the results indicate financial services firms can extract value from quantum computing now.“ This is the beginning but it is also our most tangible demonstration of just how close we are from extracting value from quantum computing,” Philip says.
Quantum processors work on optimisation problems, machine learning applications and cryptographic challenges where classical computers face limitations. technologymagazine. com 133