How is accenture addressing the emerging market for quantum computing

• Recent developments have revealed the potential for quantum computing to deliver business value by solving difficult problems in entirely new ways. • Quantum computing is well-suited to solve optimization problems—sorting through vast potential solutions to arrive at the best decision. • Enterprises that experiment and innovate now will be prepared to capitalize on the opportunities that the quantum revolution is bound to bring. Quantum computing substantially enhances how information is stored and processed, allowing it to perform more efficient algorithms than traditional computing. While quantum computing has been an important part of research for more than three decades, building an actual quantum computer has always challenged scientists and engineers. That’s changed. In the last few years, we’ve seen hardware and software capabilities move out of university labs and into real-world business products. Still, the technology needs to mature to become fully enterprise-ready and deliver meaningful, cost-effective results. Accenture Labs examines the science behind quantum computing, potential use cases by industry and recommended steps for business leaders who want to be best positioned when this emerging technology reaches maturity. Recent developments have revealed the potential for quantum computing to deliver business value by solving difficult subsets of problems in entirely new ways. Although the marketplace is growing, consistent enterprise use of quantum computi...

Accenture Invests in Good Chemistry Company to Help Drive Quantum Computing Advancements in Materials and Life Sciences 1QBit spinoff combining cloud, AI and quantum computing joins Accenture Ventures’ Project Spotlight program NEW YORK; April 5, 2022 – Accenture (NYSE: ACN) has made a strategic investment, through The Good Chemistry Company platform, “We’re doubling down on the growth potential of quantum computing and uncovering new ways to navigate its potential while empowering our clients to confidently absorb and access this breakthrough technology,” said Tom Lounibos, managing director, Accenture Ventures. “Simulating chemistry in this new way leverages easily and readily accessible computers on the cloud to perform simulations that were previously intractable even on expensive, high-performance computing environments. This brings a competitive advantage to clients and can change pharmaceutical drug discovery and more.” According to the Arman Zaribafiyan, CEO of Good Chemistry Company said, “With our platform, we are re-imagining the way computational chemistry simulations are done. Simulating chemistry on computers will help drive faster, more accurate and more accessible materials innovation in the decades to come. With Accenture’s support and collaboration, we will be able to explore the vastness of chemical space and enable rational materials design at scale.” Carl Dukatz, Accenture’s global quantum computing lead said, “By building on and extending our relation...

Quantum technology is rapidly advancing. Forward-thinking companies are already experimenting with cloud-based and hybrid quantum computing, positioning themselves to capitalize on the unique and powerful innovations that quantum will unleash. Business leaders who understand the potential ramifications of this game-changing technology—what it means on an industry and organization level—are already moving ahead.

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How Will Accenture Benefit? It seems that through this multi-year strategic relationship, Accenture is eyeing to tap the immense potential that quantum computing has in addressing mission-critical business problems and help its clients explore and utilize this potential. Accenture said that it will help companies become quantum ready with the help of its skills and experience in quantum, and also with its ability to design and develop customized industry solutions tailored to IonQ’s quantum computing technology. Marc Carrel-Billiard, senior managing director and Technology Innovation lead at Accenture, said, "Whether in life sciences, energy distribution and storage, or logistics, quantum computing offers new and compelling ways to solve key business problems and generate new insights.” Accenture’s shares have gained 42.4% over the past year, underperforming the 48.9% growth of the Accenture PLC Price Accenture currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here. Time to Invest in Legal Marijuana If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zack...

Accenture Awarded Second U.S. Patent for Quantum Computing Patent is for a machine learning module that selects quantum or classical computing for optimal business outcomes NEW YORK;July 1, 2019 – Accenture (NYSE: ACN) has been granted a US patent for a “quantum computing machine learning module” that trains artificial intelligence (AI) models to determine when and how computational tasks would be best handled by quantum computing versus classical computing methods, and route them to the appropriate option. In doing so, it could help organizations understand where quantum computing can have the most impact within their businesses, and when classical computing may still be the best option for a given task. Accenture’s new patent — U.S. Patent No. 10,275,721 — describes a solution to address the tradeoff between the benefits of using quantum computing versus classical computing resources. By determining when and how to utilize the power of quantum computing, such a system can help perform computational tasks in the most efficient and cost-effective way possible. Additionally, the module described has the ability to learn to prioritize certain tasks. As more advanced and efficient quantum and classical systems are introduced over time, the quantum computing machine learning module can adapt accordingly. “Quantum computing has enormous potential, offering truly groundbreaking capabilities to rapidly solve businesses’ most difficult computational challenges. And determining whe...