REPLY’S APPROACH TO QUANTUM COMPUTING FOR BUSINESS APPLICATIONS

Key players insights

HOW TO ADDRESS BUSINESS NEEDS IN THE SHORT AND LONG TERM


Quantum computing's main advantage is the ability to carry out computationally costly operations in a very short amount of time. Thus, quantum computers can help effectively meet business objectives, which would otherwise be out of reach for computational assessment. Combinatorial Optimization, Machine Learning, Artificial Intelligence, and Cybersecurity are fields that often require a significant amount of computational power. Quantum Computing approaches can accelerate business performances.
Over the last years, Reply's involvement on the subject has been twofold. Firstly, it developed proof of concepts and projects that apply quantum algorithms to real use cases in various business areas, providing customers with concrete and practical answers to their problems. Secondly, it continued the research and study on innovative algorithms expected to be applied in the mid-to-long term.


QUANTUM APPROACH TO OPTIMIZE BUSINESS PROCESSES IN PRODUCTION


Businesses commonly exploit optimization techniques to maximize their processes' cost/benefit ratios. For example, some use cases involve:
  • Optimizing the management of a workforce, thus minimizing the overall costs of the process,
  • Leveraging the risk associated with a financial portfolio to obtain the maximum return on investment, Minimizing the costs of logistics operations

Real-world scenarios come with a very high number of decision variables and complex business constraints. Consequently, solutions provided by classical existing approaches very often can be improved, especially if constraints increase the complexity of the problem beyond what can be straightforwardly modeled on regular computers.  
Applying a Quantum Computing approach to such optimization of business performance delivers immediate financial gains. With
MegaQUBO, Reply's quantum-inspired accelerator to quickly solve complex QUBO problems, Reply has already exploited Quantum formalism to provide highly efficient and effective solutions in their projects, even in production. Through a combination of Quantum Computing and the highest performance hardware available, MegaQUBO has been used both on-premises and in the cloud to scale to business-relevant problem sizes beyond what can currently fit quantum hardware.
In this way, Reply could help their customers in various cases to improve their processes across fields such as Energy, Finance, Telco, and more.


THE TRUE POTENTIAL OF QUANTUM MACHINE LEARNING


Machine Learning is widely regarded as the first area where universal Quantum Computing will shine. Not only can quantum calculations speed up the training process, as seen in neural networks, but they can also represent data better, which subsequently leads to an increased performance of the resulting machine learning models. The better accuracy thus achieved allows to tackle even more use cases with machine learning and delivers higher returns on using such models.
Reply is continuously up to date with the advancements both from a hardware and a software perspective in the Quantum Computing area, which is fundamental to capture the true potential of Quantum Machine Learning techniques. As a result, Reply has been able to carry on intensive studies on applicability and performance expectations for example, in the case of Fraud detection or for improvements in image analysis.


A NEW AGE FOR CYBERSECURITY


Quantum Computing poses serious menaces to current Cybersecurity, which is therefore of primary concern.
In Reply, it is clear that Quantum algorithms threatening security systems play a relevant role as much as the Quantum solutions that can prevent cyber attacks. Several sophisticated measures to protect commercial transactions and data transmission have emerged, including the Quantum Key Distribution pattern, Quantum-safe algorithms, and Quantum Random Number generators. Reply's goal is to
prepare businesses for a new age of Cybersecurity, which is safe against those threats coming from malevolent uses of quantum computers.
To learn more about projects, proof of concept, and research activities carried on by Reply and how your business could already benefit from Quantum Computing solutions, visit the link: https://www.reply.com/en/topics/quantum-computing/

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