Quantum Computing: The next new thing in Finance and Accounting

The Finance and Accounting functions are evolving and being transformed. There are multiple strategic initiatives aimed at reenvisioning the finance and accounting functions to align with the overall company strategy.

Overall, finance transformation can consist of different things from restructuring and implementing innovative financial models, improving the way companies make decisions and revolutionizing processes, internal controls and financial reporting.

One of the technologies that can help finance and accountant people fully transform their companies is quantum computing.

Finance and Accounting have always been linked to the evolution of computers, communication, physics and financial mathematics. Think about how your work-life has improved when adding one more GB of RAM to your laptop; running reports in Excel is so much faster, right?

To visualize the effect of physics in finance think about the Black-Scholes-Merton model, for example, which uses the concept of Brownian motion to price financial instruments — like European call options — over time.

Applying emerging quantum technology to finance and accounting problems — particularly those dealing with uncertainty and constrained optimization — have also prove hugely…