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Quantum Computing Going Commercial: IBM and Google Leading the Trail

Quantum computing is all set to make a debut in the commercial world – tech bigwigs, like IBM and Google are making an attempt to commercialize quantum computing. Julian Kelly, a top notch research scientist at Google’s Quantum AI Lab announced with a joint collaboration with Bristlecone, a quantum processor that offers a testbed for various research activities on quantum technology and machine learning, quantum supremacy can be achieved and this could be a great stepping stone for building larger scale quantum computers.

QUANTUM COMPUTING GOING COMMERCIAL: IBM AND GOOGLE LEADING THE TRAIL

After Google, IBM is also making significant progress in commercializing quantum computing technology by taking it to the cloud in 2016 with a 5 qubit quantum computer. Also, last year, November they raised the bar by declaring that they are going to launch third generation quantum computer equipped with a 50 quibit prototype, but they were not sure if it will be launched on commercial platforms, as well. However, they created another 20 qubit system available on its cloud computing platform.

Reasons Behind Making Quantum Computing Commercialized:

Might lead to fourth industrial revolution

Quantum computing has seeped in to an engineering development phase from just a mere theoretical research – with significant technological power and constant R&D efforts it can develop the ability to trigger a fourth industrial revolution.

Beyond classic computing technology

Areas where conventional computers fail to work, quantum computing will instill a profound impact – such as in industrial processes where innovative steps in machine learning or novel cryptography are involved.

Higher revenue

Revenues from quantum computing are expected to increase from US$1.9 billion in 2023 to US$8.0 billion by 2027 – as forecasted by Communications Industry Researchers (CIR).

Market expansion

The scopes of quantum computing have broadened beyond expectations – it has expanded to drug discovery, health care, power and energy, financial services and aerospace industry.

From cloud to on-premise quantum technology

To incorporate quantum computing into the heart of the business operations’ computing strategy, the companies are contemplating to add a new stream of revenue by implementing quantum computing via cloud. In the future, it’s expected to see a rise in on-premise quantum computing – because the technology is already gaining a lot of accolades.

Better growth forecasts

In the current scenario, the quantum enterprise market is still at a nascent stage with a large user base in the R&D space. But by 2024, it has been forecasted that this share would be somewhere around 30% and the powerful revenue drivers will be industries, like defense, banking, aerospace, pharmaceutical and chemical.

IBM or Google? Who is a clear winner?

In the race to win quantum supremacy, IBM is a sure winner and has made stunning progress in this arena, even though it is receiving stiff competition by Google recently. Google’s new quantum processor Bristlecone has the ability to become a “compelling proof-of-principle for building larger scale quantum computers”. For this, Julian Kelly suggested, “operating a device such as Bristlecone at low system error requires harmony between a full stack of technology ranging from software and control electronics to the processor itself. Getting this right requires careful systems engineering over several iterations.”

 

As last notes, quantum computing has come out from being a fundamental scientific research to a structural engineering concept. Follow a full-stack approach, coupled with rapid testing and innovative practices and establish winning control over this future tool of success.

In this endeavor, DexLab Analytics can for sure be of help! Their business analytics certification online courses are mindblowing. They also offer machine learning using python courses and market risk training – all of them are student-friendly and prepared after thorough research and fact-finding.

 

The article has been sourced from – https://analyticsindiamag.com/why-are-big-tech-giants-like-google-ibm-rushing-to-commercialize-quantum-computing

 

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Now Navigate Through Risks with Better Data, Improved Analytics

The treasure trove of data can devise new improved ways to mitigate risks.

 
Now Navigate Through Risks with Better Data, Improved Analytics
 

How to reduce the range of risks and better grasp the reins of the business? Though data is being gathered, and pushed through the highly advanced risk analytics tools, how do the risk insurers utilize these insights to boost improved decision-making procedures that affect the business future and potential losses?

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Risk Analytics Market: Serious Growth Rate Projection for 2017-2021

Want to get to the core of understanding risk within various business frameworks? The answer is Risk Analytics. This new breed of data analytics facilitates organizations in precisely defining, recognizing and managing their risk, and its need is going to increase in the coming few years. New developments in risk analytics are gaining limelight and bringing a notable transformation in the market, while enhancing its overall capability.

 
Risk Analytics Market: Serious Growth Rate Projection for 2017-2021
 

Recently, a team of analysts had eureka moment – they introduced a new concept of real-time risk analytics – it is nothing but a modern, more advanced version of traditional risk analytics methods. Here, the prediction is based on real-time data – it processes, examines and determines risk all on a real-time basis – hence top notch financial institutions are putting real-time risk analytics to best use to manage and mitigate associated risks. Several asset management, portfolio management and hedge fund firms, and investment banks are relying on this mode of risk analytics to modify their operating principles to play in accordance with investment and market shifts.

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Explaining the Everlasting Bond between Data and Risk Analytics

Explaining the Everlasting Bond between Data and Risk Analytics

 

The use of data analytics is robustly expanding in the financial sector – and the risk landscape is changing pretty fast. Every day a new innovation in the field of risk analytics is making its way, and sometimes some new risks and its respective strategies are popping up just around the corner. The rise of big data, artificial intelligence and advanced analytics helps companies gain valuable cognizance from data. Computing power, the Internet of Things, drones and machine learning are some of the latest new-age tools to assist companies in taking better decisions, hence increase future profitability. Alike, risk managers implement market risk analytics and big data to manage their day-to-day work activities, while identifying, ascertaining and mitigating risks.

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