Entering a quantum world
Entering a quantum world
Published 1 November, 2019
As the famous physicist Richard Feynman said in 1932, most of the processes in the world work on probability. Quantum computers work on probability so why not use quantum computers with pretty much anything?
Paul Robert Griffin
Associate Professor of Information Systems (Practice)
In brief
- The advent of financial technology, or fintech, has created new opportunities, business models, products and services. Fintech innovations have disrupted the financial industry, leading to novel ways of delivering financial services by traditional financial institutions and start-ups.
- A new way of computing uses tiny objects called "quantum" that could revolutionise the power and accuracy of computations from artificial intelligence to financial investments.
- The impediments of quantum computer adoption are 1) Noise because quantum particles are tiny and sensitive, 2) There is a need for more qubits, the physical carrier of quantum information and 3) Getting data in and out of quantum computers.
The advent of financial technology, or fintech, has created new opportunities, business models, products and services. Fintech innovations have disrupted the financial industry, leading to novel ways of delivering financial services, not only by traditional financial institutions but also by start-ups.
There is now a new way of computing that uses extremely small objects called 'quantum' that could revolutionise the power and accuracy of computations from artificial intelligence to financial investments.
Associate Professor Paul Griffin is a financial technology expert at the SMU School of Information Systems; he is also Director of the Financial Technology track under the SMU Master of IT in Business programme. In this podcast, Prof Griffin, who has started researching into the efficacies of quantum computers, shares his research findings and discusses how he sees quantum computers developing in the near future.