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Financial Modeling Using Quantum Computing

Financial Modeling Using Quantum Computing

By : Anshul Saxena, Javier Mancilla, Iraitz Montalban, Christophe Pere
5 (8)
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Financial Modeling Using Quantum Computing

Financial Modeling Using Quantum Computing

5 (8)
By: Anshul Saxena, Javier Mancilla, Iraitz Montalban, Christophe Pere

Overview of this book

Quantum computing has the potential to revolutionize the computing paradigm. By integrating quantum algorithms with artificial intelligence and machine learning, we can harness the power of qubits to deliver comprehensive and optimized solutions for intricate financial problems. This book offers step-by-step guidance on using various quantum algorithm frameworks within a Python environment, enabling you to tackle business challenges in finance. With the use of contrasting solutions from well-known Python libraries with quantum algorithms, you’ll discover the advantages of the quantum approach. Focusing on clarity, the authors expertly present complex quantum algorithms in a straightforward, yet comprehensive way. Throughout the book, you'll become adept at working with simple programs illustrating quantum computing principles. Gradually, you'll progress to more sophisticated programs and algorithms that harness the full power of quantum computing. By the end of this book, you’ll be able to design, implement and run your own quantum computing programs to turbocharge your financial modelling.
Table of Contents (16 chapters)
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1
Part 1: Basic Applications of Quantum Computing in Finance
5
Part 2: Advanced Applications of Quantum Computing in Finance
10
Part 3: Upcoming Quantum Scenario

Business Implementation

Zapata Computing issued its first annual report in December 2021. They reported the results of a poll of over 300 leaders (CTOs, CIOs, C-level, and VP-level executives). Even if you remove the possible bias of a quantum ecosystem participant such as Zapata Computing, the result still gives useful and interesting information about how quantum computing is used.

Even though some businesses have wanted to use quantum technologies for a while, the bridge between them and quantum hardware hasn’t been finished. Software applications should be that bridge to connect the two worlds. According to a report by Zapata Computing, 74% of respondents agree that companies that don’t adopt quantum computing solutions will fall behind soon. Additionally, 29% of respondents are already in the early or advanced stages of adopting quantum computing, and another 40% was expected to follow in 2022. Also, 96% of the executives who were asked agreed they needed a reliable...

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