CIO Straight Talk - Issue 12 - 13

paired with conventional digital, or " classical, "
computers, so that the quantum computer
performs " the more probabilistic parts [of a task]
and a classical computer performs the more
mundane calculations, " explains Gavin Towler,
Vice President and Chief Technology Officer of
Honeywell Performance Materials Technologies.
While linking a quantum and a classical computer
is one approach, researchers also are simulating
specific features of a quantum computer on
today's computers. This can lead to " quantuminspired "
algorithms that mimic certain quantum
behaviors. It's possible to run such algorithms
on a classical computer and observe the
way quantum computing will handle various
challenges. " We can have quantum impact right
now, " says Krysta Svore, General Manager of
Quantum Software at Microsoft.
Early results realized in experiments through
hybrid classical-quantum computing solutions
or quantum-inspired algorithms can be seen in
various areas:
Speeding up complex financial calculations.
BBVA, a Spain-based multinational financial
services company, has used quantum-inspired
algorithms for investment portfolio optimization.
The bank found that these algorithms could yield
a significant speed-up compared to traditional
techniques, when there are more than 100
variables. Similar results were found for credit
scoring process optimization, currency arbitrage
optimization, and derivative valuations
and adjustments.
Reducing road congestion. Ford has
experimented with a " balanced routing
system " -one that processes the
various route requests from drivers
and optimizes route suggestions,
minimizing the number of vehicles
sharing the same road. In one
scenario, 5,000 vehicles, each
with 10 different route choices
available to them, simultaneously
requested routes across
13
metropolitan Seattle. In 20 seconds, balanced
routing suggestions were delivered to the
vehicles that resulted in a 73 percent reduction in
congestion when compared to traditional routing
mechanisms. The average commute time was
reduced by 8 percent, the equivalent of an annual
reduction of more than 55,000 hours saved in
congestion across this simulated fleet.
Optimizing waste collection. Mitsubishi Estate
Co., which develops and manages office buildings
in major Japanese cities, has experimented
with optimizing garbage collection routes.
Using quantum-inspired algorithms, it reduced
the combined length of the routes from 2,300
kilometers to 1,000 kilometers, resulting in the
inferred reduction of CO2 emissions by 57% and
the reduction in vehicles used by 59%.
Improving the speed and quality of MRI
imaging. Case Western Reserve University has
used quantum-inspired algorithms to produce a
new " magnetic resonance fingerprint " approach
that makes patient scans up to three times faster
and 30% more precise. Those advances could
help doctors detect cancer and other diseases
earlier, develop new drugs for conditions where
progress is currently hard to measure, or enable
imaging to diagnose cancers rather than relying
on invasive procedures
like biopsies.

CIO Straight Talk - Issue 12

Table of Contents for the Digital Edition of CIO Straight Talk - Issue 12

Contents
CIO Straight Talk - Issue 12 - Cover1
CIO Straight Talk - Issue 12 - Cover2
CIO Straight Talk - Issue 12 - 1
CIO Straight Talk - Issue 12 - Contents
CIO Straight Talk - Issue 12 - 3
CIO Straight Talk - Issue 12 - 4
CIO Straight Talk - Issue 12 - 5
CIO Straight Talk - Issue 12 - 6
CIO Straight Talk - Issue 12 - 7
CIO Straight Talk - Issue 12 - 8
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CIO Straight Talk - Issue 12 - 11
CIO Straight Talk - Issue 12 - 12
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CIO Straight Talk - Issue 12 - Cover3
CIO Straight Talk - Issue 12 - Cover4
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https://magazine.straighttalkonline.com/assetheavy2020
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