- 40% of large enterprises are already experimenting with quantum computing to solve some of their most complex problems, according to 451 Research
- Optimization problems make up a significant portion of the enterprise problem universe, and annealing quantum computers are uniquely effective at solving these types of problems
- D-Wave is the only provider building both annealing and gate-model quantum computers that provide opportunities for businesses looking to optimize at scale
The classical computer architecture relies on binary coding, which assigns values of 0 or 1, limiting the decision-making process to a return result of one. The binary space cannot handle large volumes of data with many variables and requires those loading the data to compress, reduce, or limit the data being processed, resulting in lower quality solutions. Businesses representing a variety of industries, like manufacturing, logistics, financial services, and life sciences, rely on optimization to help them tackle common obstacles and problems in the computing world – which binary coding cannot support at scale.
The quantum computing framework is multi-dimensional. Using qubits, quantum computers can represent superposition states between 0 and 1, allowing them to represent an exponentially larger state of space to process and store data. With the limitations of classical computers becoming more apparent, quantum computing is now helping businesses optimize data and bring problem-solving to scale.
D-Wave Quantum (NYSE: QBTS) is a leader in quantum computing systems, software, and services focused on delivering customer value via practical quantum applications for problems such as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, fault detection, and financial modeling. As a pioneer in its industry, D-Wave is the first company building both annealing and gate-model quantum computers.
D-Wave’s customer success stories provide firsthand experiences of how its quantum applications benefit industries, solving problems from grocery optimization to protein design – with use cases that illustrate the value quantum has brought to the enterprise (https://ibn.fm/H6bUn).
Spain’s leading financial group CaixaBank worked with D-Wave to implement two financial quantum hybrid computing applications designed to optimize the investment portfolio and improve investment hedging calculation. Leveraging D-Wave’s Leap(TM) quantum cloud service and quantum hybrid solvers brought multiple business benefits to CaixaBank, including an up to 90% decrease in time-to-solution for investment portfolio hedging and portfolio optimization (https://ibn.fm/71eVQ). “We have always been an innovation-first organization, and very early on we recognized that investing in quantum computing could help us more efficiently provide state-of-the art products and services in order to offer the best client experience,” said CaixaBank CEO Gonzalo Gortazar.
D-Wave’s quantum system was also successfully leveraged by SavantX to tackle supply chain problems at the Port of Los Angeles, the United States’ busiest port with the equivalent of over 10 million 20-foot containers transiting the port in 2021 alone. SavantX utilized D-Wave’s quantum technology to develop the Hyper-Optimized Nodal Efficiency Engine (“HONE”) framework, with the purpose of streamlining operations at Pier 300, one of the port’s largest terminals. HONE helped optimize the pier’s operations significantly, leading to a 50% increase in daily deliveries per crane, lower waiting times for cargo trucks picking up payloads and an overall more effective crane utilization (https://ibn.fm/IV7D3). “Not all problems are optimization problems, but for the ones that are, there’s a huge opportunity to bring value into the equation,” said SavantX CEO Ed Heinbockel. “We’ve tasted the power of quantum, and we’re very, very excited about it.”
D-Wave Launch(TM) is the company’s onboarding platform, designed to help businesses easily start their quantum computing journey. The company is currently working to enable enterprises, governments, developers, and researchers to access the power of quantum computing, today (https://ibn.fm/87rX7).
For more information, visit the company’s website at www.DWaveSys.com.
NOTE TO INVESTORS: The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS
MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.
For more information, visit www.MissionIR.com