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Financial Modeling Using Quantum Computing

You're reading from   Financial Modeling Using Quantum Computing Design and manage quantum machine learning solutions for financial analysis and decision making

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Product type Paperback
Published in May 2023
Publisher Packt
ISBN-13 9781804618424
Length 292 pages
Edition 1st Edition
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Concepts
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Authors (4):
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Iraitz Montalban Iraitz Montalban
Author Profile Icon Iraitz Montalban
Iraitz Montalban
Anshul Saxena Anshul Saxena
Author Profile Icon Anshul Saxena
Anshul Saxena
Javier Mancilla Javier Mancilla
Author Profile Icon Javier Mancilla
Javier Mancilla
Christophe Pere Christophe Pere
Author Profile Icon Christophe Pere
Christophe Pere
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Toc

Table of Contents (16) Chapters Close

Preface 1. Part 1: Basic Applications of Quantum Computing in Finance
2. Chapter 1: Quantum Computing Paradigm FREE CHAPTER 3. Chapter 2: Quantum Machine Learning Algorithms and Their Ecosystem 4. Chapter 3: Quantum Finance Landscape 5. Part 2: Advanced Applications of Quantum Computing in Finance
6. Chapter 4: Derivative Valuation 7. Chapter 5: Portfolio Management 8. Chapter 6: Credit Risk Analytics 9. Chapter 7: Implementation in Quantum Clouds 10. Part 3: Upcoming Quantum Scenario
11. Chapter 8: Simulators and HPC’s Role in the NISQ Era 12. Chapter 9: NISQ Quantum Hardware Roadmap 13. Chapter 10: Business Implementation 14. Index 15. Other Books You May Enjoy

Summary

In this chapter, we explored the challenges that working on real hardware may pose. Depending on the specific nature of the hardware, regardless of whether it is purpose-specific, as in the case of quantum annealers, or one of the many implementations of digital quantum computers, these concepts are still hard to omit.

Being aware that the mapping for a given problem is being done at a hardware level, paying attention to which qubits are used, their associated error, and how this will be reflected in the outcome, you can implement countermeasures so that the results still offer enough resolution. That way, the advantage that’s expected from quantum computation can still be significant.

By understanding the different challenges and how they may affect a given problem setup, you can choose the appropriate hardware that can better accommodate the problem.

Annealers can be used for large problems but not as large as you might think in terms of embedding restrictions...

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