12/03/2021 | News release | Distributed by Public on 12/03/2021 16:53
Microsoft and KPMG are working together to explore and solve common business problems utilizing quantum-inspired optimization techniques available through Azure Quantum.
Optimization problems are found in many industries and are often difficult to solve using traditional methods which can accelerate optimization. Emulating these quantum effects on classical computers has led to the development of quantum-inspired optimization (QIO) algorithms that run on classical hardware. These algorithms allow researchers, developers, and solution providers to benefit from quantum approaches on classical hardware today, providing a speed-up over traditional approaches.
Optimization tools driving real impact
Azure Quantum, the world's first full-stack, public cloud ecosystem for quantum solutions, makes these powerful optimization tools available to alliance partners like KPMG to drive real business impact today. KPMG has built a dedicated team of professionals focused on quantum-related technologies. The team is educating clients on future capabilities of quantum computing and how to apply emerging capabilities to real business problems today.
"We are excited to work directly with Microsoft engineering and research experts applying Azure Quantum QIO technology to our clients' most challenging optimization problems," says Bent Dalager, Global Head of KPMG's Quantum Hub. "The Azure Quantum platform allows us to explore numerous different solver approaches utilizing the same code, helping to minimize re-work and improve efficiency. The shared goal for these initial projects is to build solution blueprints for common industry optimization problems using Azure Quantum, which we can then provide to more clients at scale."
Initial collaboration projects expect to focus on benchmarking solutions for financial services portfolio optimization and telecommunication service fleet optimization. The teams plan to share results in the coming months.
For more information, please visit the Azure Quantum website.
For more information about KPMG's Quantum Computing Practice, please visit the KPMG website.