Book Image

Financial Modeling Using Quantum Computing

By : Anshul Saxena, Javier Mancilla, Iraitz Montalban, Christophe Pere
5 (1)
Book Image

Financial Modeling Using Quantum Computing

5 (1)
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)
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

The quantum workforce barrier

The development of human resources to operate quantum computers is an important aspect of the growth and adoption of quantum technologies. As quantum computers become more prevalent, there will be a growing demand for professionals skilled in working with these systems.

Organizations may invest in training programs and educational initiatives to develop these skills. These programs may include specialized courses in quantum computing principles and algorithms, training in programming languages and software development tools, and cloud infrastructure implementations that work with quantum computers.

In a report developed by QTEdu and Quantum Flagship and funded by the European Union, called Qualification Profiles for Quantum Technologies from 2022, several types of quantum positions are mentioned. Some are new roles that have arisen, since this technology and market are evolving. Of course, engineers are requested for hardware and software development...