PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Infosys Invests in Quantum

By Tim Sloane
April 18, 2022
in Analysts Coverage, Emerging Payments, Technology
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Infosys Invests in Quantum

Infosys Invests in Quantum

Quantum computing is often hailed as the next big thing in computer science. By harnessing the power of quantum mechanics, it can perform calculations that are orders of magnitude faster than traditional computers. This has the potential to revolutionize fields like machine learning and cybersecurity.

Machine learning algorithms can be accelerated by running them on quantum computers. This could lead to significant breakthroughs in areas like image recognition and predictive modeling. In cybersecurity, they can be used to break current encryption schemes. This could have major implications for data privacy and national security. While it is still in its early stages, it is clear that it has the potential to transform many different industries.

Infosys has integrated aspects of quantum computing to its current implementations of optimization problems, machine learning, and cybersecurity. Infosys uses a hybrid approach to implement aspects of quantum within a traditional computing environment. Using this approach Infosys will be prepared when it becomes broadly available:

“While classical algorithms are effective in many domains, they can be prohibitively slow and expensive when it comes to solving certain kinds of optimization problems. For example, in finance, it is difficult to use traditional computers to optimize portfolios, since this necessitates rapid, real-time analysis of the constantly fluctuating risk values associated with investing in each individual stock. To address this challenge, Infosys developed quantum-inspired algorithms to optimize the selection and allocation of assets. This enabled the company to build a diversified portfolio that maximized returns and minimized risks for more than 100 stocks in just one minute, ultimately achieving a 21% improvement in returns compared to conventional (i.e., non-quantum-inspired) asset allocation strategies.

Another area in which traditional computers can struggle to optimize accurately and cost-effectively is in supply chain. To explore the potential for quantum computing in this space, Infosys partnered with QpiAI, a startup developing quantum-inspired solutions for supply chain optimization. While these projects are still in development, the team has already shown that its algorithms enable a 60% cost reduction in vehicle routing optimization.”

Mercator has written a report that looks at quantum computing. The report identifies opportunities for its use in financial services. The report also looks closely at the challenges for data security.

Overview by Tim Sloane, VP, Payments Innovation at Mercator Advisory Group

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: CybersecurityinfosysMachine LearningOptimizationQuantum ComputingTechnology

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    gift card programs

    The Gift Card Boom—and What’s Driving It

    May 21, 2025
    Fleet Management payments

    Driving Into Digital: How Modernized Payments Platforms Impact Fleet Management

    May 20, 2025
    emerging payment trends

    From the Name on the Cup to Custom Hotel Lighting: The Future of Loyalty Programs

    May 19, 2025
    push notification bank

    From Bland to Beneficial: Using Push Notifications to Reach Business Customers

    May 16, 2025
    recurring payments, PCI Compliance for small business, Fintech for Underserved Small Businesses

    Tariffs May Create an Opportunity in Small-Business Cards

    May 15, 2025
    Using the Card “Beyond” Payments to find the Holy Grail

    Using the Card “Beyond” Payments to find the Holy Grail

    May 14, 2025
    Payments Modernization

    Playing Offense and Defense: Why Now Is the Time for Payments Modernization

    May 13, 2025
    Authorization Rates

    Boosting Revenue for Merchants by Optimizing Authorization Rates

    May 12, 2025

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result