Insider Brief
PRESS RELEASE — Quantum computing and related technologies like quantum AI are regarded as the next big wave after AI. A global survey of 500 business leaders across industries found that interest in quantum is very high, with more than 60% of respondents indicating they are actively investing or exploring opportunities in quantum AI.
Yet these business leaders also cited crucial barriers to adoption of quantum AI. Among their top concerns were high cost (38%), lack of understanding or knowledge (35%), and uncertainty around practical, real-world uses (31%). The survey results indicate that while interest in quantum AI is on the rise, organizations need a clear roadmap and guide to better leverage this technology.
That’s where SAS, a leader in data and AI, can help. Through pilot projects with customers, quantum AI research and work with leaders in quantum computing, SAS aims to provide guidance to businesses on applying quantum technologies in their organizations.
SAS seeks to make quantum understandable and approachable to a broad audience so they can get to value faster without having to understand the complex quantum market or the physics behind the technology.
“For decades SAS has helped organizations across a host of industries find better answers faster and improve business decisions through data and AI. With the emergence of quantum technologies, companies can analyze more data than ever and achieve amazingly fast answers to very complex questions involving myriad variables,” said Bill Wisotsky, Principal Quantum Architect at SAS. “Our goal is to make quantum research simple and intuitive for our customers and help them apply it to their business.”
A major consumer goods company is working with SAS on a proof of concept related to hybrid quantum-classical optimization, using quantum annealing and SAS classical optimization solvers.
It is one of several organizations with whom SAS is collaborating to apply data and AI to complex and compute-intensive business challenges. Quantum AI and advanced models can take advantage of the significant speed increase and expressibility of quantum computers.
Today’s research into quantum computing and quantum AI is extremely complex, at times confusing, and too often cloaked in hype. And many predict widespread adoption of quantum technology to be years away.
Yet SAS is already tackling real-world problems by applying hybrid architectures, which include both quantum and traditional (a.k.a. classical) computing. And SAS is working with top companies to explore breakthrough solutions to business challenges.
Research into quantum AI
Quantum AI brings together quantum computing and AI to develop new algorithms, models and systems that can process complex data, train complicated machine learning models, and solve problems considered challenging or impossible with traditional computers. SAS researchers are focused on key industries that will benefit from the speed and scale of quantum AI, including life sciences for enhanced drug discovery, financial services for better risk management, and manufacturing for improved materials and optimized processes.
Working with industry leaders
SAS is also working with leading companies in quantum computing. These companies and their technologies complement SAS’ innovation and focus on applying quantum AI and analytics to solve big business challenges. SAS is now collaborating with:
SAS is also experimenting with the use of quantum AI components in some of its latest technologies. For example, SAS has conducted an experiment interfacing with quantum annealing technology through SAS® Viya® Workbench, a self-service, on-demand compute environment for conducting data preparation and exploratory data analysis and developing AI models.
In the future, SAS plans to add ways for developers to experiment with quantum AI in tools like SAS Viya Workbench, part of SAS’ flagship data and AI platform.
In April, SAS conducted a global pulse survey of business managers across five countries: China, France, Mexico, U.K. and U.S. They represented a range of industries, including health care, life sciences, manufacturing, retail, government and banking.
The survey found that more than 70% of respondents were very or somewhat familiar with the concept of quantum AI. And they saw the most potential for quantum AI in business functions related to data analytics and machine learning (48%), research and development (41%), cybersecurity (35%), supply chain and logistics (31%), finance and risk management (26%), and marketing (20%).
In addition to those noted above, these business managers also cited a lack of trained personnel (31%) and a lack of clear regulatory guidelines (26%) as critical barriers to the adoption of quantum AI.
An executive from a SAS customer will be a mainstage presenter at SAS Innovate, sharing more on the company’s proof-of-concept quantum project with SAS. There will also be a quantum booth in the conference’s Innovation Hub and a breakout session co-presented by SAS and D-Wave titled “Kick-Starting Research with SAS Viya Workbench and Quantum Solvers.”
Today’s announcement was made at SAS Innovate, the data and AI experience for business leaders, technical users and SAS Partners. This year’s event is supported by our partner sponsors, including Microsoft, Intel and AWS.
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