ParTec at HPC+AI Wall Street 2024

ParTec AG was proud to be a part of HPC+AI Wall Street, the leading conference showcasing innovations and strategies in HPC, Data Management, AI, and Quantum Computing, driving advancements in FinTech and Capital Markets. Here are the key takeaways from this insightful event:

Leveraging the imminent opportunity of quantum computing while managing its risks

Quantum computing is approaching the point where it could offer meaningful commercial value, with notable breakthroughs and steady progress in qubit development. To secure a first-mover advantage, it’s crucial to engage with quantum technology today. Our system integrator approach enables the design of a qubit-agnostic architecture, minimizing the risks of early technology choices and ensuring long-term success in the evolving quantum landscape.

ParTec’s Chief Quantum and AI Solutions Officer, Dominik Ulmer, was asked to speak at this year’s HPC+AI Wall Street event:

“The commercial value and advantages of quantum computers are inevitable. The best risk mitigation is to engage with the technology today, focusing on the computing aspect that excites technologists and benefits users the most.”

During his keynote presentation Dominik highlighted the following points:

Quantum computing is unique. It’s not a better computer, but instead a whole new, different paradigm to perform computations. It is because of these differences that quantum computing promises exponential gains over classical computers.
The estimated impact of quantum computing on the financial sector is enormous. Across multiple use cases the impact is expected to be more than half a trillion USD in the next 10 years (Source: McKinsey).
There are several players in the financial services sector, who are already engaged in quantum computing. Identifying where quantum computing can be useful in your enterprise takes time. Therefore starting the exploring stage now, is essential. Key message – create the right partnerships early on, prepare your digital infrastructure and secure the talent needed.
Quantum computing’s impact on your business may take time to fully reveal itself, and finding qualified experts in this field can be challenging. However, the critical factor to consider is IP ownership, which could either pose a risk to your business or provide you with a significant advantage. Engaging with quantum computing early on is essential to secure your position and control over valuable intellectual property.
There are questions whether the technology is ready and has proven itself. Key milestones have already been achieved. We cannot however yet speak of a winning technology.
There is strong momentum in the technology and a growing sense of confidence in the community.
To mitigate the risks associated with rapidly evolving quantum computing technologies, it’s crucial to choose a platform that offers maximum transparency, allowing you, as a user, to focus on your goals without getting bogged down by the underlying technology. With new technologies emerging constantly, expert guidance is essential to ensure you’re always working with the best available solutions. Additionally, as technology evolves, it’s important that your user experience remains consistent, minimizing disruptions and ensuring smooth transitions.
ParTec’s approach reduces the risk of choosing a specific qubit type to work with, while providing systems optimized for throughput. We help mitigate the risk of making early technological choices.

After the keynote session, the panel featured distinguished leaders in quantum computing and research. Bob Sorensen, Senior Vice President of Research and Chief Analyst for Quantum Computing at Hyperion Research, brought his deep insights into the evolving quantum landscape. Marco Pistoia, Senior Vice President of Research, Managing Director, Distinguished Engineer, and Head of JPMorgan Chase’s Global Technology Applied Research, shared his expertise on applying quantum solutions in the financial sector. Bruno G. Taketani, Senior Manager of Quantum Solutions at ParTec, contributed his knowledge on quantum integration and technology development. Together, these panelists explored the challenges and opportunities in the quantum computing space, offering valuable perspectives on the industry’s future.

ParTec AG remains committed to advancing quantum technologies and fostering collaborations between the global quantum community and the financial services industry. We extend our gratitude to all the participants and organizers for making HPC+AI Wall Street a memorable and impactful event.

Further materials

Stay tuned for more updates as ParTec continues to lead the charge in HPC, AI and Quantum Computing. A recording of the session at HPC+AI Wall Street will be made available in the next weeks.

In the meantime, you can find more insights and the latest news on our dedicated News & Insights page!