Status: Draft -- Not PublishedWill be live at 12/14/2021 10:04
Briefing Note - DataTalk 8 - Quantum Computing
The latest session of the IIF’s DataTalk, our interactive discussion forum with knowledge partner the Oliver Wyman Forum, focused on quantum computing. This note provides a brief summary of the key themes that emerged, noting that the conversation was conducted under the Chatham House rule, and comments are unattributed.
The recent spate of announcements about breakthroughs in processing speeds of quantum computers make clear that this technology is real and that financial institutions can’t afford to ignore it. Quantum may enable firms to run complex simulations in areas such as risk assessment, asset valuation, and portfolio adjustment much faster and better than conventional computers. Practical applications are still a few years away, but firms can gain exposure and knowledge at relatively low cost today because the field is still in a formative stage and many small startups are eager to form partnerships.
The DataTalk series continues in December when we will discuss Cloud Computing.
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