EY and IBM Widen Strategic Alliance Into Quantum Computing

CIOTechOutlook Team | Saturday, 15 April 2023, 03:09 IST

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EY Global Services Limited will join the IBM Quantum Network, the EY organisation and IBM (NYSE: IBM) announced. This will make it possible for EY teams to further explore solutions with IBM that might be able to help them address some of the most difficult business challenges facing today. The EY company will join the IBM Quantum Network, a group of companies seeking to enhance quantum computing, and have access to IBM's fleet of quantum computers via the cloud.
 
With the help of the fast developing field of quantum computing, issues that are practically intractable by today's most potent supercomputers can now be solved. Teams from EY will use their access to the largest fleet of quantum computers in the world to investigate solutions to business difficulties in the fields of finance, oil and gas, healthcare, and government.  
 
The Global Quantum Lab was formed by the EY company last year with the goal of utilising quantum value in the areas of sustainability, transformation, and trust. The integration of quantum benefits into organisations' mainstream systems for data processing and enterprise decision making is of utmost importance. Using IBM quantum technology, EY teams intend to conduct leading-class practise research to uncover transformative use cases, such as the reduction of CO2 emissions from classical computing, the improvement of safety and accuracy of self-driving cars, and so forth.
 
Andy Baldwin, EY Global Managing Partner – Client Service, says: "Quantum, in terms of importance to business, society and the EY organization, is akin to what AI represented years ago. This alliance puts the EY organization at the forefront of technology. As we invest in this level of quantum computing access, we accelerate our own position and depth of knowledge and capabilities in this space and deepen the rich relationship with our IBM alliance teams."
 
Jeff Wong, EY Global Chief Innovation Officer, adds:"As we navigate this period of technology-led change, which is accelerating at unprecedented speed, companies must have a full understanding of how to maximize breakthrough innovations in order to keep pace. Through this collaboration with IBM, the EY organization will now have the ability to take advantage of quantum computing to propel its innovation journey."
 
Jay Gambetta, Vice President IBM Quantum, says:"IBM's vision is to deliver useful quantum computing to the world. We value partners like the EY organization that can introduce the emerging technology to a wide ecosystem of public and private industry. This will help EY facilitate the exploration of quantum computing's potential for use cases that matter in its industry."
 
The EY organisation is making a larger effort to invest in and build strong skills in emerging technologies, which already include artificial intelligence, blockchain, and metaverse development. This endeavour includes membership in the IBM Quantum Network. In addition to the additional investment made by the EY-IBM Alliance, the EY organisation is investing $10 billion over three years in technology initiatives, including money for its own quantum function. 
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