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Quantum Computing Assignment
Quantum Computing Assignment
The large, fault-tolerant quantum computers of the future will have the potential to
disrupt and revolutionize many aspects of the financial services industry. Some of
● Calculating complex derivatives with speeds and accuracy well beyond the
and target customers in ways that are not otherwise possible with classical
computing resources
as credit scoring
● Determining the current fair market values of assets, also known as asset
valuation
Again, the lists provided above are just the most common examples. Considerable
investment and research into quantum computing for finance continues, and the
have gotten smaller and smaller. They have gotten so small, in fact, that the physics
we observe in the world around us begins to give way to the physics that governs
the universe at the smallest of scales. This physics of the very small, known as
transistors.
Rather than giving up due to this obstacle, two strategies have emerged. One,
Inside a quantum processor, there are no transistors. There may be some transistors
nearby helping to control what’s going on, but the actual computation uses
components much smaller than the smallest transistors. With one exception, the
These particles can be so much more than the 0 or 1 that a transistor represents. In
fact, the state of a single qubit can be represented by a complex number, which can
encode quite a bit of information. But the real power of quantum computing comes
While this may make it seem like quantum computers will solve all the world’s
problems, that’s not actually the case. There are many tasks for which quantum
computers underperform classical computers. However, there are problems that are
these challenging problems that quantum computers have the potential to excel.
A key takeaway here is that users need not know how quantum computers work at
Cloud-Based Quantum Computing,” real quantum computers are available via the
use them. This knowledge can be helpful, but it’s not required.
Advantages and Examples,” quantum applications are available via the cloud, as
pricing models, and forecasting for the financial industry. Some of these services
repetitive, because many use cases are simply variations of the same approaches.
The number of quantum algorithms and subroutines is still relatively small, but
they can be applied in many different ways. We can abstract away much of the
● Risk analysis, which is the analysis of huge volumes of data with the goal
complex calculations that are really slow, and potentially even impossible,
This list of classifications will not grow as quickly as lists of use cases, but it is
extracting analyses and insights from this information. A McKinsey & Company
report titled “How quantum computing could change financial services” offers
● The reversibility of quantum operations, regardless of the use case, may help
they take
entangled qubit, benefits all use cases, especially those that are
resource-intensive
limitation
services
Use Cases” goes into greater detail into this first point. Examples of financial
industry use cases are provided for regression, classification, clustering, generative
Independent Set and Maximum Clique, for example, both have real-world use
cases and cannot efficiently be solved with classical computers. However, their
computers. All finance use cases that can be formulated as such problems,