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Trading Up To A Quantum-Powered Financial Services Industry

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20.09.2021

Quantum computing is no longer a theoretical marvel – it’s a commercial reality. And industries are exploring how to bring quantum computing into their workflow for the financial services sector, particularly the companies dealing with market risk and uncertainty.

From the first transatlantic telegraph cables in the 19th century to the development of the internet and big data analytics, the financial services industry has been adopting emerging technologies to solve problems and drive business success. Quantum computing has the potential to have an even more significant impact on this sector.

The technology is fundamentally different from classical computing. Relying on the laws of quantum mechanics, quantum computing can solve certain problems that are known to be intractable by classical computers of any size. And although broad-based commercial applications are still a few years away, quantum computing is predicted to produce breakthrough products and services for specific scientific or business problems within three to five years.

IBM has launched the world's first quantum computing service in the cloud, giving anyone access to its cutting-edge technology. Photo: ODD ANDERSEN/AFP/Getty Images

Time is money

The old saying "time is money" is especially pertinent for........

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