EY joins the IBM quantum network
When it comes to quantum computing, IBM is known for its research and development, and its commitment to the technology. IBM has already made it clear that this will be the quantum decade that will shape how the world utilizes quantum computing use cases in the future.
The IBM quantum network is a testament to that. As the largest quantum startup network in the world. there are now over 210 Fortune 500 companies, universities, research centers and startups in the IBM quantum network since its inception.
The IBM quantum network aims to offer businesses interested in developing quantum computing use cases the resources and support needed to build their products. Members of the group include JP Morgan, Samsung, Sony, Exxon Mobil, Boeing, Vodafone, Massachusetts Institute of Technology and more.
Now, EY has become the latest enterprise to join the IBM Quantum Network to develop quantum computing solutions to solve some of today’s most complex business challenges.
By joining the Quantum Network, EY will gain access to IBM’s fleet of quantum computers on the cloud and also have access to the network’s community of organizations in the advancement of quantum computing. This includes access to the world’s largest fleet of quantum computers to explore solutions to enterprise challenges across finance, oil and gas, healthcare, and government.
Having already established its own Global Quantum Lab in 2022, the lab aimed to harness the quantum value in the domains of trust, transformation and sustainability. With IBM quantum technology, EY teams plan to conduct leading-class practice research to uncover transformative use cases, including the reduction of CO2 emissions from classical computing, the improvement of safety and accuracy of self-driving cars, and most critically, the integration of quantum benefits into organizations’ mainstream systems for data processing and enterprise decision making.
According to Andy Baldwin, EY Global Managing Partner for Client Service, 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,” said Baldwin.
“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,” Jeff Wong, EY Global Chief Innovation Officer, commented as well.
For Jay Gambetta, Vice President of IBM Quantum, IBM’s vision is to deliver useful quantum computing to the world. Gambetta explained that partners like the EY organization that can introduce emerging technology to a wide ecosystem of public and private industries. He added this will help EY facilitate the exploration of quantum computing’s potential for use cases that matter in its industry.
Membership in the IBM Quantum Network is part of a broader effort by the EY organization to invest and develop robust capabilities in emerging technologies, which already include artificial intelligence, blockchain, and metaverse development. Beyond the increased investment of the EY-IBM Alliance, the EY organization is investing US$10 billion in technology initiatives over three years, including investment in the organization’s own quantum function.
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