Convergence of Technology Foundations - A lifetime opportunity ?

In five years from now, will we be able to solve some of world’s most complex problems 5 to 10x faster at a fraction of the cost? Can we design a system that can solve 'any computational problem' within finite time and computing power realistically available to us today?

?One would recall the concept of Turing machine, a theoretical model of computation devised by Alan Turing in the 1930s. It paved the way for the “Turing complete” theory describing a programmable system that can solve any computational problem.

The technological evolution today neither follows a linear trajectory nor occurs in isolation leading us to a future shaped by confluence of technologies. In recent times, we have witnessed the convergence of three foundational technologies that define our era – Digital (bits and bytes), Artificial intelligence (neural network), and Quantum technologies (qubits – physics & mathematics). This convergence promises to redefine the digital transformation landscape for financial services and beyond.

Let me explain why.

?o?? The digital era is one of personalization: In the realm of computing, bits and bytes serve as the foundational units of information. It reminds us of the elegant simplicity underlying the complexity of modern-day computing. The classical computing, with advanced chip designs, democratised access via cloud and high speed networks. It will continue to?harness the power of data to enhance customer experiences, optimize operations, and drive business growth.

o?? The AI era is about productivity: AI now emerges as a paradigm shift, driven by the development of neural networks and sophisticated algorithms, inspired by the intricacies of the human brain. As AI advances towards AGI (Artificial General Intelligence), powered by reasoning, for the first time, humans and machines will come together in the “phygital world”.

?o?? The quantum era is about performance: We are now overcoming the natural limitations of computing by taking learnings from light sources (photon-based optical computing) and the principles of superconductivity which blend physics and quantum mechanics. This overcomes the inherent limitations of classical computing using qubit and their states, including superposition and entanglement. We are talking about tackling complex problems of optimisation across finance, defence, drug discovery, climate impact, as we have never seen before. This technology opens doors to new frontiers of innovation promising an ability to handle complex calculations that were previously unimaginable.?

?The convergence of digitalization, artificial intelligence, and quantum computing embodies three fundamental values: Personalisation, Productivity, and Performance. Over the next decade, we foresee monumental progress,/ We will have the capacity to tackle the most intricate challenges at a speed 10x faster and at a fraction of the current costs. However, as we embrace this transformative potential, it is essential to exercise responsible stewardship of computational power. This involves not only maximizing technological innovation but also upholding ethical principles and regulatory standards to foster a sustainable and equitable future.

?Are we ready to take a quantum leap into the future?