Applications of Quantum Computing in Finance

By David Moche

 

Quantum computing is one of the major buzz words of the last 10 years – so now is the ideal opportunity to step back and review where we are on the journey to a quantum future.

 

Up to this point, quantum theory has gone from the unknown to the norm. Prototype computers utilising the quantum phenomena exist, and the globe's leading companies have already moved beyond investigation and experimentation to confirmation of concept. Business models are being planned out.

 

albeit that questions still hang over the commercial and practicality of quantum computing today, the knowledge already learnt have started a new level of 'quantum-inspired' computing. The Quantum-Inspired computing enables advances in speed and scales sought after for true quantum computers, however, with none of the cost, energy and deployment obstacles being experienced by today computers.

 

This book gives insight into how the drive to perfect processes utilising combinatorial optimization lies behind many cases for quantum computers and how quantum theory drove research to suggest that quantum computing could be possible and comprehend what quantum computing is. We will also cover various types of quantum computers and quantum technology, before turning towards the business case for quantum computing in the financial sector.

 

While quantum computing sounds great it is essential to comprehend the difficulties, both technically and operationally, in the way of accomplishing those business cases, then review what the new levels of quantum-inspired computing is, what it's delivering, and see who is already utilising this innovative technology. Finally, having reviewed today's world, we look forward to the future and consider what quantum computing's future direction might be, particularly concerning the financial sector. We find ourselves on the verge of a new age of computing.

 

This is our journey so far and our outlook for the future.

 

Dr David Moche,

Lead Researcher

QFinity Labs

• Language: English
• Publisher: QFinity
• Release date: Jan 16, 2021
• ISBN: 9781393311089

Book preview

Introduction: What might‘ quantum ready’ truly mean?

Quantum computing is one of the major buzz words of the last 10 years – so now is the ideal opportunity to step back and review where we are on the journey to a quantum future.

U

p to this point, quantum theory has gone from the unknown to the norm. Prototype computers utilising the quantum phenomena exist, and the globe’s leading companies have already moved beyond investigation and experimentation to confirmation of concept. Business models are being planned out.

albeit that questions still hang over the commercial and practicality of quantum computing today, the knowledge already learnt have started a new level of‘ quantum-inspired’

computing. The Quantum-Inspired computing enables advances in speed and scales sought after for true quantum computers, however, with none of the cost, energy and deployment obstacles being experienced by today computers.

This book gives insight into how the drive to perfect processes utilising combinatorial optimization lies behind many cases for quantum computers and how quantum theory drove research to suggest that quantum computing could be possible and comprehend what quantum computing is. We will also cover various types of quantum computers and quantum technology, before turning towards the business case for quantum computing in the financial sector.

While quantum computing sounds great it is essential to comprehend the difficulties, both technically and operationally, in the way of accomplishing those business cases, then review what the new levels of quantum-inspired computing is, what it’s delivering, and see who is already utilising this innovative technology.

Finally, having reviewed today’s world, we look forward to the future and consider what quantum computing’s future direction might be, particularly concerning the financial sector. We find ourselves on the verge of a new age of computing.

This is our journey so far and our outlook for the future.

Dr David Moche,

Lead Researcher

QFinity Labs

02

What Is Quantum Computing?

The concept of a quantum computer goes back 40 years when physicists familiar with quantum theory began to hypothesis whether it could provide the premise for encoding data. quantum future.

I

n 1980, this prompted the proposal by Yuri Manin of a quantum computer, a thought made more commonly known by Richard Feynman during a lecture at the Massachusetts Institute of Technology (MIT) in 1981. However, It was not until 1994 when MIT professor Peter Shor unveiled that he had built an algorithm with the potential to decrypt all secured correspondence, that the mission for a quantum computer to process such an algorithm began for real.

Quantum hypothesis is famously nonsensical. To the extent that the first scholars in this field, Albert Einstein, Niels Bohr, Werner Heisenberg and Erwin Schrödinger are the best known, questioned the