{"id":13438,"date":"2018-10-04T09:00:14","date_gmt":"2018-10-04T09:00:14","guid":{"rendered":"http:\/\/faceinews.com\/?p=13438"},"modified":"2018-10-04T09:00:14","modified_gmt":"2018-10-04T09:00:14","slug":"fujitsu-drives-quantum-inspired-project-to-help-solve-natwests-complex-optimization-challenges","status":"publish","type":"post","link":"https:\/\/www.faceinews.com\/?p=13438","title":{"rendered":"Fujitsu Drives Quantum-Inspired Project to Help Solve NatWest\u2019s Complex Optimization Challenges"},"content":{"rendered":"<p><a href=\"http:\/\/faceinews.com\/wp-content\/uploads\/2018\/10\/Fujitsu.png\" rel=\"attachment wp-att-13439\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-13439 size-full\" src=\"http:\/\/faceinews.com\/wp-content\/uploads\/2018\/10\/Fujitsu.png\" alt=\"Fujitsu\" width=\"328\" height=\"154\" srcset=\"https:\/\/www.faceinews.com\/wp-content\/uploads\/2018\/10\/Fujitsu.png 328w, https:\/\/www.faceinews.com\/wp-content\/uploads\/2018\/10\/Fujitsu-300x141.png 300w\" sizes=\"auto, (max-width: 328px) 100vw, 328px\" \/><\/a><\/p>\n<p><a href=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/11\/Faceinews-Logo-Copy.png\" rel=\"attachment wp-att-7654\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7654\" src=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/11\/Faceinews-Logo-Copy.png\" alt=\"Faceinews Logo - Copy\" width=\"173\" height=\"43\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><strong>News facts:<\/strong><\/p>\n<ul>\n<li>NatWestis using Fujitsu\u2019s quantum-inspired Digital Annealer to solve highly complex financial risk problems<\/li>\n<li>Technology helps optimize the bank\u2019s mix of high-quality liquid assets by comparing countless portfolio permutations \u2013 a traditionally manual task that is time-consuming and limited to few permutations<\/li>\n<li>Fujitsu&#8217;s Digital Annealer provides a more reliable, accurate and cost-effective solution to large scale, time critical optimization challenges<\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Munich, October, 2018<\/strong> \u2013 Fujitsu today announces details of a ground- breaking proof of concept (PoC) project with NatWest for its quantum-inspired <a href=\"http:\/\/www.fujitsu.com\/global\/digitalannealer\/\">Digital Annealer<\/a>\u00a0technology. Fujitsu is helping the bank solve some of its most complex, challenging and time-consuming financial investment problems by optimizing its mix of high-quality liquid assets including bonds, cash and government securities.<\/p>\n<p>&nbsp;<\/p>\n<p>Financial institutions like <a href=\"https:\/\/personal.natwest.com\/personal.html\">NatWest<\/a>face the continual challenge of creating and maintaining an optimally balanced portfolio of assets,selected from many thousands of options. Ideally, these incorporate a variety of liquid assets that deliver the maximum possible return while helping maintain risk at an acceptable level. While liquidity is of utmost importance to financial institutions, the process involved in calculating the best mix of assets is generally only undertaken infrequently. Traditionally, this is an extremely expensive and time-consuming manual task.<\/p>\n<p>&nbsp;<\/p>\n<p>The Fujitsu Digital Annealer processes this type of complex scenario and provides results orders of magnitude faster than today\u2019s traditional computers. NatWest is now implementing quantum-inspired computing power, which has enabled its technology team to complete highly-complex calculations at 300<sup>1<\/sup> times the speed of a traditional computer, with an even higher degree of accuracy.<\/p>\n<p>&nbsp;<\/p>\n<p>In addition to performance improvements, the use of Fujitsu\u2019s Digital Annealer also reduces the risk of human error. NatWest can complete a comprehensive risk assessment for its portfolio much faster, as well as gaining access to a far wider range of results and permutations, therefore helping to ensure an optimized spread and reduced risk.<\/p>\n<p>&nbsp;<\/p>\n<p>Quantum computing is considered by many to be the ultimate goal for computing sciences, but current quantum computers are limited in their capabilities. Not only are they complex, somewhat unreliable and error prone, they are also few and far between and extremely expensive to operate. Fujitsu\u2019s Digital Annealer represents the perfect bridge to true quantum computing, since it is adept at solving complex combinatorial problems accurately and reliably, and its current processing capability is constantly expanding\u00a0to address ever more complex problems and scenarios.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Digital Annealer now available as a cloud service from Fujitsu and 1QBit<\/strong><\/p>\n<p>The Fujitsu Digital Annealer includes software developed in collaboration with <a href=\"http:\/\/www.1qbit.com\/\">1QBit<\/a>, a leading vendor of software for quantum and quantum-inspired computing. The solution is now available as a cloud service. It is designed to a dress a wide variety of problems that traditional computing struggles with solving in a realistic timeframe. Scenarios include challenges faced by companies in a range of industries, such as the search for similarities in small molecules for drug discovery,optimizing portfolios in finance, reducing production times for custom manufacturing, and optimizing the arrangement of warehoused components for factories and logistics. Fujitsu\u2019s Digital Annealer technology is also able to analyze complex data to help find new solutions to the challenges facing society at large, such as traffic congestion and planning for disaster recovery.<\/p>\n<p>&nbsp;<\/p>\n<p>Joseph Reger, Fujitsu Fellow and CTO EMEIA at Fujitsu, comments: \u201cWe designed the Digital Annealer to solve real-world combinatorial optimization problems that all industries are encountering. While quantum computing is still in its infancy, we\u2019ve taken inspiration from its approach to offer our customers access to digital annealing, which is an advanced and powerful acceleration technology available today. Consequently, Fujitsu\u2019s Digital Annealer can solve laborious, complex problems in just a short time. What\u2019s more, this is just the beginning \u2013 there really is no limit to the scenarios that can be examined by digital annealing.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>Kevin Hanley, Director of Innovation from NatWest said: \u201cWe\u2019re really excited about the possibilities presented by quantum computing. Given our first application of quantum-like computing power has been so successful we think the technology could be applied to many other calculations and problems the bank faces on a daily basis.\u00a0 In the long run, quantum-inspired computing could completely change the way banks operate, making them much more efficient and cheaper to run, which in turn would mean customer\u2019s benefit from better deals and improved service.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; News facts: NatWestis using Fujitsu\u2019s quantum-inspired Digital Annealer to solve highly complex financial risk problems Technology helps optimize the bank\u2019s mix of high-quality liquid assets by comparing countless portfolio permutations \u2013 a traditionally manual task that is time-consuming and limited to few permutations Fujitsu&#8217;s Digital Annealer provides a more reliable, accurate and cost-effective solution [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":13439,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-13438","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/13438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13438"}],"version-history":[{"count":1,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/13438\/revisions"}],"predecessor-version":[{"id":13440,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/13438\/revisions\/13440"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/media\/13439"}],"wp:attachment":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}