{"id":33378,"date":"2023-09-12T02:58:00","date_gmt":"2023-09-12T09:58:00","guid":{"rendered":"https:\/\/insidebigdata.com\/?p=33378"},"modified":"2023-09-12T15:10:06","modified_gmt":"2023-09-12T22:10:06","slug":"research-highlights-unveiling-the-first-fully-integrated-and-complete-quantum-monte-carlo-integration-engine","status":"publish","type":"post","link":"https:\/\/insidebigdata.com\/2023\/09\/12\/research-highlights-unveiling-the-first-fully-integrated-and-complete-quantum-monte-carlo-integration-engine\/","title":{"rendered":"Research Highlights: Unveiling the First Fully Integrated and Complete Quantum Monte Carlo Integration Engine"},"content":{"rendered":"
\n
\"\"<\/figure><\/div>\n\n\n

Quantinuum<\/a>, a leading integrated quantum computing company has published full details of their complete Quantum Monte Carlo Integration (QMCI) engine. QMCI applies to problems that have no analytic solution, such as pricing financial derivatives or simulating the results of high-energy particle physics experiments and promises computational advances across business, energy, supply chain logistics and other sectors.<\/p>\n\n\n\n

The QMCI tool, utilizing advanced quantum algorithms, will allow quantum computers to perform estimations more efficiently and accurately than equivalent classical tools, inferring an early-stage quantum advantage in areas such as derivative pricing, portfolio risk calculations and regulatory reporting. A white paper supporting the new tool reveals that QMCI benefits from a computational complexity advantage over classical MCI, and suggests the engine has the potential to provide quantum usefulness in its current form.<\/p>\n\n\n\n

The white paper,\u00a0“A Modular Engine for Quantum Monte Carlo Integration<\/a>,” has been made available on arXiv, detailing, among other items, \u201cthe enhanced P-builder\u201d, a tool for constructing quantum circuits representing commonplace computational methods used in finance. The white paper also proposes how users of the new tool could obtain quantum advantage without compromising statistical robustness in the ensuing estimates.<\/p>\n\n\n\n

Ilyas Khan, Chief Product Officer of Quantinuum said \u201cQuantinuum\u2019s end-to-end QMCI engine \u2013 the first ever complete quantum solution, offers the prospect of an immediate boost to the productivity of users in at least two sectors: banking and financial institutions, and scientists who expect quantum computers to help them process the vast amounts of data generated in experimental fields such as high energy physics. Our QMCI engine is the culmination of years of work by our algorithms team, and highlights just how quantum computers will offer practical utility. Our modular approach also \u2018future-proofs\u2019 the engine as quantum computing hardware advances.”<\/em><\/p>\n\n\n\n

The engine has four modules – loading probability distributions and random processes as quantum circuits; programing a wide variety of financial calculations; programming different statistical quantities (e.g. mean, variance and others); and the estimation of quantum amplitude, which is the core source of computational advantage in QMCI. The engine features a resource mode<\/em>, which precisely quantifies the exact quantum and classical resources needed for user-specified calculations \u2013 a feature which is essential for predicting when particular applications will enjoy quantum advantage. Thus, the paper reveals a direct line of sight to quantum advantage and concludes users will achieve useful benefits sooner still.<\/p>\n\n\n\n

Dr Steven Herbert said: \u201cThe QMCI engine taps into rapidly growing demand for tools that help global organizations in finance and other sectors explore and evaluate their route towards quantum advantage. Classical Monte Carlo integration is the preferred method in a range of computational areas where analytic solutions are unavailable and it is widely recognized that these methods will benefit from a quantum advantage. By taking a modular approach, we will equip those scientific and financial professionals with a platform that supports them flexibly through rapid technological advances in the years to come.\u201d<\/em><\/p>\n\n\n\n

The new white paper sets out the areas that stand to benefit from the development of QMCI, beyond finance, including achieving efficiencies in supply chain and logistics, energy production and transmission, and data-intensive fields of science such as solving the high-dimensional integrals in high-energy physics. It concludes that use cases such as estimation and forecasting can benefit from the new QMCI engine in its current form.<\/p>\n\n\n\n

Banks and financial institutions are expected to increase investment in quantum computing capabilities from\u00a0$80 million in 2022 to $19 billion in 2032<\/a>, growing at a 10-year CAGR of 72%.<\/p>\n\n\n\n

Sign up for the free insideBIGDATA newsletter<\/a>.<\/em><\/p>\n\n\n\n

Join us on Twitter: https:\/\/twitter.com\/InsideBigData1<\/a><\/em><\/p>\n\n\n\n

Join us on LinkedIn: https:\/\/www.linkedin.com\/company\/insidebigdata\/<\/a><\/em><\/p>\n\n\n\n

Join us on Facebook: https:\/\/www.facebook.com\/insideBIGDATANOW<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Quantinuum, a leading integrated quantum computing company has published full details of their complete Quantum Monte Carlo Integration (QMCI) engine. QMCI applies to problems that have no analytic solution, such as pricing financial derivatives or simulating the results of high-energy particle physics experiments and promises computational advances across business, energy, supply chain logistics and other sectors.<\/p>\n","protected":false},"author":10513,"featured_media":33380,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[182,72,180,67,268,56,77,84,1303,1],"tags":[634,96],"acf":[],"yoast_head":"\nResearch Highlights: Unveiling the First Fully Integrated and Complete Quantum Monte Carlo Integration Engine - insideBIGDATA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebigdata.com\/2023\/09\/12\/research-highlights-unveiling-the-first-fully-integrated-and-complete-quantum-monte-carlo-integration-engine\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Research Highlights: Unveiling the First Fully Integrated and Complete Quantum Monte Carlo Integration Engine - insideBIGDATA\" \/>\n<meta property=\"og:description\" content=\"Quantinuum, a leading integrated quantum computing company has published full details of their complete Quantum Monte Carlo Integration (QMCI) engine. QMCI applies to problems that have no analytic solution, such as pricing financial derivatives or simulating the results of high-energy particle physics experiments and promises computational advances across business, energy, supply chain logistics and other sectors.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/insidebigdata.com\/2023\/09\/12\/research-highlights-unveiling-the-first-fully-integrated-and-complete-quantum-monte-carlo-integration-engine\/\" \/>\n<meta property=\"og:site_name\" content=\"insideBIGDATA\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/insidebigdata\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-12T09:58:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-12T22:10:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebigdata.com\/wp-content\/uploads\/2023\/09\/Quantum_Computing_shutterstock_2283526457_special.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1100\" \/>\n\t<meta property=\"og:image:height\" content=\"550\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editorial Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@insideBigData\" \/>\n<meta name=\"twitter:site\" content=\"@insideBigData\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editorial Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebigdata.com\/2023\/09\/12\/research-highlights-unveiling-the-first-fully-integrated-and-complete-quantum-monte-carlo-integration-engine\/\",\"url\":\"https:\/\/insidebigdata.com\/2023\/09\/12\/research-highlights-unveiling-the-first-fully-integrated-and-complete-quantum-monte-carlo-integration-engine\/\",\"name\":\"Research Highlights: Unveiling the First Fully Integrated and Complete Quantum Monte Carlo Integration Engine - insideBIGDATA\",\"isPartOf\":{\"@id\":\"https:\/\/insidebigdata.com\/#website\"},\"datePublished\":\"2023-09-12T09:58:00+00:00\",\"dateModified\":\"2023-09-12T22:10:06+00:00\",\"author\":{\"@id\":\"https:\/\/insidebigdata.com\/#\/schema\/person\/2949e412c144601cdbcc803bd234e1b9\"},\"breadcrumb\":{\"@id\":\"https:\/\/insidebigdata.com\/2023\/09\/12\/research-highlights-unveiling-the-first-fully-integrated-and-complete-quantum-monte-carlo-integration-engine\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insidebigdata.com\/2023\/09\/12\/research-highlights-unveiling-the-first-fully-integrated-and-complete-quantum-monte-carlo-integration-engine\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/insidebigdata.com\/2023\/09\/12\/research-highlights-unveiling-the-first-fully-integrated-and-complete-quantum-monte-carlo-integration-engine\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/insidebigdata.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Research Highlights: Unveiling the First Fully Integrated and Complete Quantum Monte Carlo Integration Engine\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insidebigdata.com\/#website\",\"url\":\"https:\/\/insidebigdata.com\/\",\"name\":\"insideBIGDATA\",\"description\":\"Your Source for AI, Data Science, Deep Learning & Machine Learning Strategies\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/insidebigdata.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/insidebigdata.com\/#\/schema\/person\/2949e412c144601cdbcc803bd234e1b9\",\"name\":\"Editorial Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebigdata.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e137ce7ea40e38bd4d25bb7860cfe3e4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e137ce7ea40e38bd4d25bb7860cfe3e4?s=96&d=mm&r=g\",\"caption\":\"Editorial Team\"},\"sameAs\":[\"http:\/\/www.insidebigdata.com\"],\"url\":\"https:\/\/insidebigdata.com\/author\/editorial\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Research Highlights: Unveiling the First Fully Integrated and Complete Quantum Monte Carlo Integration Engine - insideBIGDATA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/insidebigdata.com\/2023\/09\/12\/research-highlights-unveiling-the-first-fully-integrated-and-complete-quantum-monte-carlo-integration-engine\/","og_locale":"en_US","og_type":"article","og_title":"Research Highlights: Unveiling the First Fully Integrated and Complete Quantum Monte Carlo Integration Engine - insideBIGDATA","og_description":"Quantinuum, a leading integrated quantum computing company has published full details of their complete Quantum Monte Carlo Integration (QMCI) engine. QMCI applies to problems that have no analytic solution, such as pricing financial derivatives or simulating the results of high-energy particle physics experiments and promises computational advances across business, energy, supply chain logistics and other sectors.","og_url":"https:\/\/insidebigdata.com\/2023\/09\/12\/research-highlights-unveiling-the-first-fully-integrated-and-complete-quantum-monte-carlo-integration-engine\/","og_site_name":"insideBIGDATA","article_publisher":"http:\/\/www.facebook.com\/insidebigdata","article_published_time":"2023-09-12T09:58:00+00:00","article_modified_time":"2023-09-12T22:10:06+00:00","og_image":[{"width":1100,"height":550,"url":"https:\/\/insidebigdata.com\/wp-content\/uploads\/2023\/09\/Quantum_Computing_shutterstock_2283526457_special.jpg","type":"image\/jpeg"}],"author":"Editorial Team","twitter_card":"summary_large_image","twitter_creator":"@insideBigData","twitter_site":"@insideBigData","twitter_misc":{"Written by":"Editorial Team","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/insidebigdata.com\/2023\/09\/12\/research-highlights-unveiling-the-first-fully-integrated-and-complete-quantum-monte-carlo-integration-engine\/","url":"https:\/\/insidebigdata.com\/2023\/09\/12\/research-highlights-unveiling-the-first-fully-integrated-and-complete-quantum-monte-carlo-integration-engine\/","name":"Research Highlights: Unveiling the First Fully Integrated and Complete Quantum Monte Carlo Integration Engine - insideBIGDATA","isPartOf":{"@id":"https:\/\/insidebigdata.com\/#website"},"datePublished":"2023-09-12T09:58:00+00:00","dateModified":"2023-09-12T22:10:06+00:00","author":{"@id":"https:\/\/insidebigdata.com\/#\/schema\/person\/2949e412c144601cdbcc803bd234e1b9"},"breadcrumb":{"@id":"https:\/\/insidebigdata.com\/2023\/09\/12\/research-highlights-unveiling-the-first-fully-integrated-and-complete-quantum-monte-carlo-integration-engine\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/insidebigdata.com\/2023\/09\/12\/research-highlights-unveiling-the-first-fully-integrated-and-complete-quantum-monte-carlo-integration-engine\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/insidebigdata.com\/2023\/09\/12\/research-highlights-unveiling-the-first-fully-integrated-and-complete-quantum-monte-carlo-integration-engine\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/insidebigdata.com\/"},{"@type":"ListItem","position":2,"name":"Research Highlights: Unveiling the First Fully Integrated and Complete Quantum Monte Carlo Integration Engine"}]},{"@type":"WebSite","@id":"https:\/\/insidebigdata.com\/#website","url":"https:\/\/insidebigdata.com\/","name":"insideBIGDATA","description":"Your Source for AI, Data Science, Deep Learning & Machine Learning Strategies","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/insidebigdata.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/insidebigdata.com\/#\/schema\/person\/2949e412c144601cdbcc803bd234e1b9","name":"Editorial Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebigdata.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e137ce7ea40e38bd4d25bb7860cfe3e4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e137ce7ea40e38bd4d25bb7860cfe3e4?s=96&d=mm&r=g","caption":"Editorial Team"},"sameAs":["http:\/\/www.insidebigdata.com"],"url":"https:\/\/insidebigdata.com\/author\/editorial\/"}]}},"jetpack_featured_media_url":"https:\/\/insidebigdata.com\/wp-content\/uploads\/2023\/09\/Quantum_Computing_shutterstock_2283526457_special.jpg","jetpack_shortlink":"https:\/\/wp.me\/p9eA3j-8Gm","jetpack-related-posts":[{"id":31152,"url":"https:\/\/insidebigdata.com\/2022\/12\/16\/classiq-research-shows-huge-quantum-computing-momentum-market-potential\/","url_meta":{"origin":33378,"position":0},"title":"Classiq Research Shows Huge Quantum Computing Momentum, Market Potential","date":"December 16, 2022","format":false,"excerpt":"New research from Classiq, a leader in quantum software, indicates that companies understand the tremendous economic opportunities that quantum computing represents and across sectors are hiring or planning to hire quantum talent. The research also reveals that organizations are investigating quantum applications in their various sectors \u2013 and patenting their\u2026","rel":"","context":"In "Featured"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25940,"url":"https:\/\/insidebigdata.com\/2021\/04\/11\/cambridge-quantum-computing-pioneers-quantum-machine-learning-methods-for-reasoning\/","url_meta":{"origin":33378,"position":1},"title":"Cambridge Quantum Computing Pioneers Quantum Machine Learning Methods for Reasoning","date":"April 11, 2021","format":false,"excerpt":"Scientists at Cambridge Quantum Computing (CQC) have developed methods and demonstrated that quantum machines can learn to infer hidden information from very general probabilistic reasoning models. These methods could improve a broad range of applications, where reasoning in complex systems and quantifying uncertainty are crucial. Examples include medical diagnosis, fault-detection\u2026","rel":"","context":"In "AI Deep Learning"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/kMNTHkb627c\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":28744,"url":"https:\/\/insidebigdata.com\/2022\/03\/26\/new-quantum-computing-research-shows-promising-path-to-commercialization\/","url_meta":{"origin":33378,"position":2},"title":"New Quantum Computing Research Shows Promising Path to Commercialization","date":"March 26, 2022","format":false,"excerpt":"Agnostiq, Inc., the quantum computing SaaS startup, announced its latest benchmark research which analyzed the state of quantum computing hardware to determine its current and future practicality as a mainstream solution.\u00a0The findings\u00a0show that quantum computing hardware has improved over time and that application-specific benchmarks can serve as a more practical\u2026","rel":"","context":"In "Big Data"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26876,"url":"https:\/\/insidebigdata.com\/2021\/08\/14\/cambridge-quantum-algorithm-solves-optimization-problems-significantly-faster-outperforming-existing-quantum-methods\/","url_meta":{"origin":33378,"position":3},"title":"Cambridge Quantum Algorithm Solves Optimization Problems Significantly Faster, Outperforming Existing Quantum Methods","date":"August 14, 2021","format":false,"excerpt":"In a development that is likely to set a new industry standard, scientists at Cambridge Quantum (CQ) have developed a new algorithm for solving combinatorial optimization problems that are widespread in business and industry, such as traveling salesman, vehicle routing or job shop scheduling, using near-term quantum computers.","rel":"","context":"In "Big Data"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30263,"url":"https:\/\/insidebigdata.com\/2022\/09\/01\/introduction-to-quantum\/","url_meta":{"origin":33378,"position":4},"title":"Introduction to Quantum","date":"September 1, 2022","format":false,"excerpt":"In this special guest feature, Elizabeth Ruetsch, General Manager for Quantum Engineering Solutions at Keysight Technologies, provides an introduction to quantum and provides a deep dive into the importance, benefits, security risks, as well as quantum\u2019s disruptive potential. Elizabeth provides her insight into what technical advancements are needed to take\u2026","rel":"","context":"In "Big Data"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/insidebigdata.com\/wp-content\/uploads\/2022\/08\/Elizabeth_headshot.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":8783,"url":"https:\/\/insidebigdata.com\/2014\/04\/18\/quantum-machine-learning\/","url_meta":{"origin":33378,"position":5},"title":"Quantum Machine Learning","date":"April 18, 2014","format":false,"excerpt":"Ever wonder what will happen when exabyte data stores are the norm, and even the parallelism of Hadoop can no longer provide the necessary processing power to address the data deluge? Quantum computing may hold the answer.","rel":"","context":"In "Big Data Software"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/insidebigdata.com\/wp-json\/wp\/v2\/posts\/33378"}],"collection":[{"href":"https:\/\/insidebigdata.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insidebigdata.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insidebigdata.com\/wp-json\/wp\/v2\/users\/10513"}],"replies":[{"embeddable":true,"href":"https:\/\/insidebigdata.com\/wp-json\/wp\/v2\/comments?post=33378"}],"version-history":[{"count":0,"href":"https:\/\/insidebigdata.com\/wp-json\/wp\/v2\/posts\/33378\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insidebigdata.com\/wp-json\/wp\/v2\/media\/33380"}],"wp:attachment":[{"href":"https:\/\/insidebigdata.com\/wp-json\/wp\/v2\/media?parent=33378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insidebigdata.com\/wp-json\/wp\/v2\/categories?post=33378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insidebigdata.com\/wp-json\/wp\/v2\/tags?post=33378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}