The Fujitsu Digital Annealer processes this type of complex scenario and provides results orders of magnitude faster than today’s traditional computers. NatWest is now implementing quantum-inspired computing power, which has enabled its technology team to complete highly-complex calculations at 3001 times the speed of a traditional computer, with an even higher degree of accuracy.
In addition to performance improvements, the use of Fujitsu’s 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 optimised spread and reduced risk.
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’s 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 expanding2 to address ever more complex problems and scenarios.
Digital Annealer now available as a cloud service from Fujitsu and 1QBit
The Fujitsu Digital Annealer includes software developed in collaboration with 1QBit, a leading vendor of software for quantum and quantum-inspired computing. The solution is now available as a cloud service. It is designed to address 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, optimising portfolios in finance, reducing production times for custom manufacturing, and optimising the arrangement of warehoused components for factories and logistics. Fujitsu’s Digital Annealer technology is also able to analyse complex data to help find new solutions to the challenges facing society at large, such as traffic congestion and planning for disaster recovery.
Joseph Reger, Fujitsu Fellow and CTO EMEIA at Fujitsu, comments: “We designed the Digital Annealer to solve real-world combinatorial optimisation problems that all industries are encountering. While quantum computing is still in its infancy, we’ve 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’s Digital Annealer can solve laborious, complex problems in just a short time. What’s more, this is just the beginning – there really is no limit to the scenarios that can be examined by digital annealing.”
Kevin Hanley, Director of Innovation from NatWest said: “We’re 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. 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’s benefit from better deals and improved service.”
Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services. Approximately 140,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.1 trillion yen (US $39 billion) for the fiscal year ended March 31, 2018. For more information, please see http://www.fujitsu.com.
Fujitsu UK & Ireland employs over 9,000 people. We promote a Human Centric Intelligent Society, in which innovation is driven by the integration of people, information and infrastructure. We are committed to Digital Co-creation, blending business expertise with digital technology and creating new value with ecosystem partners and customers. We enable our customers to digitally transform with connected technology services, focused on Artificial Intelligence, the Internet of Things, and Cloud - all underpinned by Security. Our customers cover both the public and private sectors, including retail, financial services, transport, manufacturing, government and defence. For more information please see http://uk.fujitsu.com
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Date: 02 October, 2018