
Why financial services need to experiment with quantum computing
Quantum computing is closer to reality than ever. For financial services, this is highlighting a pressing need to act on the imminent quantum computing future.
Get ahead of the race
Quantum technology uses the principles of quantum mechanics, the physics of sub-atomic particles, to improve the performance of products and services, and create entirely new opportunities.
Governments around the world are investing billions to develop quantum technology and capture the enormous economic opportunity – the global quantum technology market will be worth $13.3 billion by 2023, according to market intelligence company Mind Commerce.
In the next 20 years, quantum technology will bring significant reliability, speed, accuracy and security improvements to the performance of products and services in manufacturing, healthcare, defence, supply chains, financial services and telecoms.
Find out why you should act on the quantum technology opportunity now, how the technology will evolve, and what you need to do to effectively plan your investment in it.
Quantum enables a wide range of technologies, from more accurate ways of sensing the environment to revolutionising computing. The quantum technology that's entering the market today typically uses existing technologies, such as fibre-optics, integrated circuits and power supplies, and precise mechanical engineering to achieve new functions. For manufacturers, healthcare organisations, defence organisations, supply chains, financial services and telecoms companies, exploring quantum technology should be an immediate priority.
It will soon be possible to have perfectly accurate navigation under water, to sense changes in gravity that reveal potential earthquakes, to monitor brain activity on the go, and even to see round corners. And in our everyday lives, quantum sensing will secure navigation, enhance medical imaging and show us what's beneath our feet. Explore more in our article in CW Journal.
Quantum computing isn't a sci-fi dream. It's here and ready for businesses to experiment with. It won't replace servers and laptops yet, but by testing quantum computers today, organisations can gain a competitive advantage as the technology matures and becomes an essential part of business. Take a deep dive into quantum computing with our experts.
Atomic clocks date back to the mid-1950s when Louis Essen developed the first caesium atomic clock at the UK’s National Physical Laboratory (NPL). Accuracy has since improved by six orders of magnitude to around 10-16 and the new chip scale atomic clock (CSAC) with reduced size, weight and power has opened up new applications. Our quantum tech expert explains more.
We can’t predict the exact impact of quantum technology, but we can explore how it could develop to help us imagine what a quantum-enabled world would look like. By using our FutureWorlds™ tool, we can anticipate potential future scenarios, accounting for potential disruptions and disrupters, so you can start building your quantum technology strategy.
Get in touch to find out how we can help define your quantum strategy, accelerate quantum prototypes or advise on the global quantum ecosystem.
Global Navigation Satellite Systems are vulnerable to technical outages, cyberattacks, atmospheric disruptions and interference. Quantum technology eliminates these and ensures zero drift – meaning it can locate and navigate vehicles with pinpoint accuracy in any environment. It could even protect from accidental and malicious attack. That's why we worked with Airbus Blue Sky, ColdQuanta and Fraunhofer UK as part of the InnovateUK-sponsored High-BIAS project to develop a proof of concept for a portable quantum sensing device.
We designed the blueprint for a radically new type of radio receiver for DSTL, with the potential to transform the UK’s most critical communication capabilities including defence, security and emergency communications. The first of its kind in Europe, it will play a key role in positioning the UK at the forefront of quantum development and application. Crucially, it will also help to make the communications infrastructure on which our way of life depends more resilient and more secure than ever.
To make the most of quantum technologies, you’ll need strategies tailored to your market and organisation. Building such a strategy takes an understanding of both quantum technologies and your industry. That’s why we take a system-wide approach, putting quantum technology into a disruptive plan across commercial, technical and operational functions.
That means we'll work with you to:
Responding quickly to quantum technology opportunities requires rapid prototype development so you can test their commercial potential. Our diverse teams of scientists, engineers and strategists work with our quantum and industry experts to accelerate product development using agile methods.
That means we'll work with you to:
For quantum technology to reach its potential, governments need to build public confidence in it, ensure ideas can move easily from research to reality, and remove hurdles to export. Meanwhile, investors need to understand the development paths of the technology, explore its full potential and find new ways to assess risk and reward. Our quantum technology experts draw on the experience of our industry, public sector and economics specialists to advise on all these areas.
That means we'll work with you to:
Quantum computing is closer to reality than ever. For financial services, this is highlighting a pressing need to act on the imminent quantum computing future.
The UK Government is getting better at innovating in defence and security, but there are opportunities to do much more to implement innovation at pace.
When you put bright people and brilliant technology together, amazing things happen. That’s why our internship programme, now in its seventh year, takes a different approach to inspire and challenge penultimate-year university students.
PA Consulting's Paul Martin, a quantum expert, discusses quantum sensing in CW Journal.
PA Consulting's Paul Martin, a quantum expert, discusses quantum timing in CW Journal.
PA Consulting’s head of cyber security, Elliot Rose, discusses the cyber threat to activities in space.