EY and IBM Expand Strategic Alliance into Quantum Computing

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Insider Brief

  • EY Global Services Limited announced it will join the IBM Quantum Network to enable EY teams to explore solutions with IBM.
  • As part of the collaboration, EY will gain access to IBM’s quantum computers over the cloud and become.
  • Critical Quote: “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.” — Andy Baldwin, EY Global Managing Partner – Client Service.
  • Image: IBM

PRESS RELEASE –The EY organization and IBM (NYSE: IBM) today announced today that EY Global Services Limited will be joining the IBM Quantum Network, further enabling EY teams to explore solutions with IBM that could help resolve some of today’s most complex business and global 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.

Quantum computing is a rapidly emerging technology that harnesses the laws of quantum mechanics to solve problems that today’s most powerful supercomputers cannot practically solve. EY teams will leverage their access to the world’s largest fleet of quantum computers to explore solutions to enterprise challenges across finance, oil and gas, healthcare, and government.

The EY organization established its own Global Quantum Lab last year with a mission to harness 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 most critically, integrate quantum benefits into organizations’ mainstream systems for data processing and enterprise decision making.

Andy Baldwin, EY Global Managing Partner – Client Service, says:

Responsive Image

“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, says:

“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 relationship 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, says:

“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 their industry.”

Membership in the IBM Quantum Network is part of a broader effort by the EY organization to invest and develop robust capabilities in emerging technologies, which already include artificial intelligence, blockchain, and metaverse development. Beyond the increased investment of the EY-IBM Alliance, the EY organization is investing $10 billion in technology initiatives over three years, including investment in the organization’s own quantum function.

If you found this article to be informative, you can explore more current quantum news here, exclusives, interviews, and podcasts.

Matt Swayne

With a several-decades long background in journalism and communications, Matt Swayne has worked as a science communicator for an R1 university for more than 12 years, specializing in translating high tech and deep tech for the general audience. He has served as a writer, editor and analyst at The Quantum Insider since its inception. In addition to his service as a science communicator, Matt also develops courses to improve the media and communications skills of scientists and has taught courses. [email protected]

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