Fujitsu’s quantum-inspired solution, Digital Annealer, has been successfully used in a project with financial institution Kutxabank to improve the allocation of assets in its investment portfolios. The project, in collaboration with Quantum Mads and INNOLAB Bilbao, has concluded its first phase with excellent results and will move on to the second phase, which aims to optimize processes and add new functionalities by interacting quantitatively with the model in a real environment.
The solution has proven to be particularly effective at quickly finding optimal solutions when there are a huge number of possible combinations. Fujitsu has applied Digital Annealer in several areas, including asset allocation, finance, and logistics.
Aim to get to Optimal Solutions Faster in Finance
The goal is for Kutxabank to create a prototype capable of detecting needs and opportunities in a real environment, leading to the start-up of a solution based on the prototype. Digital Annealer can solve problems with up to 100,000 variables, making it the best in its class for quickly finding an optimal solution when there are many possible combinations. The project is set to be completed in December 2023.
- Fujitsu’s Digital Annealer has been used in a project with the financial institution Kutxabank to improve the allocation of assets in its investment portfolios.
- The project, in collaboration with Quantum Mads and INNOLAB Bilbao, has concluded its first phase with excellent results and will move on to the second phase, set to be completed in December 2023
- The second phase aims to optimize processes and add new functionalities by interacting quantitatively with the model in a real and current environment.
- The goal is for Kutxabank to create a prototype capable of detecting needs and opportunities in a real environment, leading to the start-up of a solution based on the prototype.
- Digital Annealer can solve problems with up to 100,000 variables, making it the best in its class for quickly finding an optimal solution when there are many possible combinations.
Fujitsu is a leading provider of quantum-inspired digital technology solutions, including its Digital Annealer product. Digital Annealer is an innovative architecture that harnesses high-density circuit integration and high-performance processing to solve complex problems by evaluating many potential options simultaneously. Fujitsu is a Japanese multinational information and communication technology company that provides a wide range of products and services. These include personal and enterprise computing products, data storage, telecommunications, microelectronics, and air conditioning. The company is one of the largest IT services providers in the world, with annual revenue ranking it as the sixth-largest globally and the largest in Japan. Fujitsu has approximately 126,400 employees, and its products and services are available in around 180 countries. The company is publicly traded on the Tokyo Stock Exchange and the Nagoya Stock Exchange, and its Tokyo listing is included in the Nikkei 225 and TOPIX 100 indices.
