JoS QUANTUM PROVIDES SOFTWARE ALGORITHMS FOR QUANTUM COMPUTERS TO SPEED UP THE FINANCIAL INDUSTRY
Recent developments in science have enhanced quantum information from a physicists’ theory to a source of benefit for mankind, particularly business enterprises. This new technology has the potential to add value to businesses by solving various difficult problems in entirely new ways. Quantum computing exploits quantum mechanical phenomena to greatly enhance the way information is processed. It allows more efficient performance than ever possible in classical computing by significantly reducing the complexity of algorithms.
The idea of JoS QUANTUM is to bring the advantages of quantum computing to the financial industry. The amount of data is growing exponentially and there is a demand within the financial industry to process this growing amount of data in less time.
Certain models in the trading sector analyze pattern, prices and market behaviour in an automated way. If certain results can be derived in less time or an accurate way the global markets allow to directly monetize market advantages.
To evaluate future development of assets and markets, sophisticated models are in place to evaluate future returns and to manage risk adequatly. In the current situation, the financial business conducts their risk analyses using classical computers with long and often unpredictable processing times, which impacts banks and insurance companies in properly operating their business. More accurate results of models within a given time frame can lead to less capital costs. New methods within risk management will lead to better simulations and predictions which are not possible even with modern supercomputers. Optimization problems are prevalent in almost every sector especially in the financial industry. Yet they are typically difficult and time consuming to solve.
JoS QUANTUM will provide a software package, system integration services and an API to access quantum computers remotely. Hybrid programs which include classical and quantum algorithms to show opportunities for speed advantages and more accurate results over present procedures. Beside product development research-as-a-service (RaaS) and consulting services are provided for knowledge transfer and software integration.
Markus C Braun