TECHNOLOGY STRATEGY

These application areas span logistics, manufacturing, pharmaceuticals and cybersecurity.

The Heron processor is IBM’ s latest quantum processor. The hardware offers better qubit stability and fewer errors than previous generations. These improvements make quantum computations more reliable for commercial use.

“ We believe that quantum technology is going to have a very significant impact on the financial services industry,” Philip says.“ It’ s a very exciting time within this field because we’ re at this point of discovery, we’ re trying to forge a path that there is no blueprint for.”

Philip says the results on current quantum computing hardware indicate financial services firms are approaching a transition in computational capability.“ Given the trial delivered positive results on current quantum computing hardware, we have great confidence we are on the cusp of a new frontier of computing in financial services, rather than something that is far away in the future.”

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