EY and IBM level up quantum computing capabilities

abstract image of quantum computing | EY and IBM

EY Global Services Limited will be joining the IBM Quantum Network, in an expansion of the two companies’ partnership. This expansion will further enable EY teams to explore solutions with IBM that could help resolve some of today’s most complex business challenges.

The EY organization will gain access to IBM’s fleet of quantum computers over the cloud and will become part of the IBM Quantum Network’s community of organizations working to advance quantum computing. Solutions will be explored for enterprise challenges across finance, oil and gas, healthcare and government sectors.

Just last year EY established its own Global Quantum Lab with the aim of harnessing quantum value in the domains of trust, transformation and sustainability. Using IBM quantum technology, EY teams plan to conduct leading-class 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 the integration of quantum benefits into organizations’ mainstream systems for data processing and enterprise decision-making.

Andy Baldwin, EY global managing partner, client service, said: “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 our rich relationship with our IBM alliance teams.”

Jeff Wong, EY global chief innovation officer, said: “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, said: “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.”