Reducing Monte Carlo Simulations to Near-real Time

Reducing Monte Carlo Simulations to Near-real Time.  
IBM has revealed research results for quantum computing protocols processing Monte Carlo calculations.  Typically, when using Monte Carlo simulations for financial portfolios on classical systems, the calculation and risk assessment computation may last for several days.

According to the IBM research, “The quadratic speedup provided by quantum computing may reduce calculation time from overnight to near-real time or from days to hours, respectively.”

Though not quite ready for active use yet, quantum computing’s potential impact is evident.  However, IBM concedes that to achieve quantum advantage requires more qubits, longer coherence times [staying power of the qubit], and reduced environmental noise.

It all boils down to the quantum bit.  Because quantum is coming.  Qubit.

Reference is found at IBM…

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At The Qubit Report, our mission is to promote knowledge and opinion of quantum computing from the casual reader to the scientifically astute.  Because Quantum is Coming.

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