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

Quantum managers’ training

Managers who are responsible for handling and managing quantum computing resources must have a comprehensive understanding of quantum computing’s underlying principles, as well as the technical capabilities and limitations of quantum hardware and software. This might require specialized education and training in fields such as quantum mechanics, quantum algorithms, and quantum error correction.

In addition to technical expertise, managers will require solid project management skills and the capacity to coordinate the efforts of multiple teams and stakeholders. This may involve establishing objectives and priorities, allocating resources, and monitoring progress against milestones. Managers may need strong communication skills to explain the possible benefits and risks of quantum computing to a wide range of audiences, including technical and non-technical stakeholders.

Various educational and training programs can equip managers with the...