English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 22 December 2022, 10:12 JST
Share:
    

Source: Fujitsu Ltd
Fujitsu's Digital Annealer achieves excellent results in the Kutxabank project of requesting assets from its investment portfolios
News Facts:
- The algorithm, based on the Japanese multinational's quantum-inspired solution, allows the number of assets analyzed to be increased to improve the impact on market management.
- Fujitsu's Digital Annealer has made it possible to calculate the optimal distribution of investments to be made, through a series of extremely complex permutation operations.
- The project is now entering its second phase. During the first, recently completed, results have been exceptionally improved, taking as a reference the data of the last 3 years of the financial institution in terms of the diversification of its portfolio.

TOKYO, Dec 22, 2022 - (JCN Newswire) - Fujitsu's quantum-inspired solution, Digital Annealer, has achieved excellent results in the ambitious project that the financial institution Kutxabank is developing to improve the allocation of assets to its investment portfolios.

A project in collaboration with the company Quantum Mads and the open innovation platform INNOLAB Bilbao. The first phase, carried out from February 2021 to July 2022 as a proof of concept, has concluded with excellent results and directly enables the start of the second phase that will lead to the industrialization of the algorithm.

During the proof of concept, the performance of the solution that has been developed using Fujitsu's Digital Annealer has been compared to the entity's current classic solution, taking into account both the return and the associated risk or volatility, with significant improvements being observed in both cases. Fujitsu's Digital Annealer has made it possible to calculate the optimal distribution of investments to be made, through a series of extremely complex permutation operations. For its part, Quantum Mads developed an algorithm that reduced the number of variables needed to formulate the problem.

The second phase of the project, whose completion is scheduled for December 2023, aims to optimize the processes already in place, and incorporates new functionalities by interacting quantitatively with the model in a real and current environment. The goal for Kutxabank is to create a prototype capable of detecting needs and opportunities that are covered, with a technological solution in a real environment, and that concludes with the start-up of the solution based on the prototype.

A model at the forefront of the system

The model created applies quantum computing to the most computationally expensive tasks, at the forefront of the system, to organize investment strategies through asset allocation. It consists of choosing and distributing financial assets in an investment portfolio, one of the most important decisions faced by management companies. It has been accurately demonstrated that it is capable of processing large volumes of historical data, from the last 3 years, and improving its dynamic adaptation to financial markets.

Fujitsu Digital Annealer

Fujitsu's Digital Annealer is the quantum-inspired digital technology architecture that harnesses innovations in high-density circuit integration and high-performance processing. This innovative architecture is inspired by the key features of quantum computing (superposition and quantum tunneling), allowing the Digital Annealer to evaluate a large number of potential options simultaneously and deliver lightning-fast responses.

The current generation Digital Annealer has the ability to solve problems with up to 100,000 variables, which substantially expands the scale of problems that can be solved at the same time, optimizing their accuracy and performance.

This solution has proven to be the best in its class for quickly finding an optimal solution when there are an extremely large number of possible combinations.

About Fujitsu

Fujitsu's purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$32 billion) for the fiscal year ended March 31, 2022 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com.

Topic: Press release summary
Source: Fujitsu Ltd

Sectors: Cloud & Enterprise, Digitalization
https://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 
Fujitsu Ltd Links

http://www.fujitsu.com

https://plus.google.com/+Fujitsu

https://www.facebook.com/FujitsuJapan

https://twitter.com/Fujitsu_Global

https://www.youtube.com/user/FujitsuOfficial

https://www.linkedin.com/company/fujitsu/

Fujitsu Ltd Related News
Monday, 23 December 2024, 13:30 JST
Fujitsu drives chemical industry logistics DX with participation in joint logistics demonstration
2024年12月23日 10時30分 JST
富士通など、モダナイゼーションに特化したファイナンスサービスを提供開始
2024年12月16日 10時07分 JST
富士通が、米IDC社のレポート「IDC MarketScape: Worldwide Digital Workplace Services 2024 Vendor Assessment」でリーダーの評価を獲得
Monday, 16 December 2024, 10:20 JST
Fujitsu recognized as Leader in IDC MarketScape: Worldwide Digital Workplace Services 2024 Vendor Assessment
2024年12月12日 10時30分 JST
富士通、世界初 脆弱性や新たな脅威への事前対策を支援するマルチAIエージェントセキュリティ技術を開発
More news >>
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575