Quantum computing provides a new way of optimizing business processes with use cases spanning finance, logistics, telecommunications, and transport operations.
In the business world, the opportunities for applying quantum technology relate to optimization: solving difficult business problems, reconfiguring complex processes, and understanding correlations between seemingly disparate data sets. The main purpose of quantum computing is to carry out computationally costly operations in a very short period of time, while at the same time accelerating business performance.
Quantum computing can optimize business processes for any number of solutions, for example maximizing cost/benefit ratios or optimizing financial assets, operations and logistics, and workforce management—usually delivering immediate financial gains. Many businesses are already using (or planning to use) classic optimization algorithms. And with four international case studies, Reply has proven that a quantum approach can give better results than existing optimization techniques.
Speed and computational power are key components when working with data. The use of accelerated hardware such as quantum processing units or graphic processing units provide the performance needed for operations that require high computing power.
Sectors such as logistics, finance, and manufacturing can benefit significantly from this approach. And the qubit, which is a key element of quantum computing, allows organizations to approach their challenges in a completely new way. As the technology matures, the prospect of quantum computing being at the full disposal of businesses—so-called quantum supremacy—seems to be getting closer.
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