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

Summary

The transition from on-premises to cloud-hosted has been a complicated journey for many organizations, including the switch to be made from owning the computing resources to pay-per-use modalities common today. Quantum computing made its initial foray directly into the cloud. Different platforms give access to services and providers with efficient costs. Many institutions have facilities to onboard into this quantum journey.

Quantum hardware is problem-focused and increases the complexity and decisions to be made as you must decide what option, out of the plethora of devices, is the most convenient for your problems. Estimators help companies evaluate the cost of using this new type of machine, providing them with an efficient way to estimate the budget required per study.

No technology has faced such a wide, almost free-of-charge offering to learn and adapt than quantum computing. Hardware providers enable their latest devices in those cloud services and help boost the...