The EY organization (EY) is expanding its global quantum computing capabilities with the addition of an on-site quantum computer led by EY Canada and part of a global investment of more than US$3b in AI and other next frontier technologies.
The new capabilities will support the processing of highly sensitive workloads in areas such as optimization, fraud detection, data protection and large-scale risk management.
Underpinning this investment is dedicated access and greater control over the development of new applications, including where data resides and how it is managed. Quantum readiness is pivotal in this next frontier and investing in the technical foundation is a critical step for organizations.
Combining AI with exponentially greater computing power is now essential to unlock new value and develop innovative approaches to forecasting, optimization and decision intelligence.
The new capabilities also improve the testing, refinement and validation of quantum-enabled solutions, helping clients move beyond experimentation to gain first-hand experience with quantum solutions.
Raj Sharma, EY global managing partner on growth and innovation, said that AI may be the defining technology platform of this decade, and quantum will ultimately expand its horizons, creating entirely new opportunities for business and society.
“EY has already taken great strides in applying the power of quantum to cybersecurity and specific industry use cases. As the technology reaches its full potential over the next five years, it’s critical for global business leaders seeking competitive advantage to hone their data readiness and build strong foundations of data, trust, and governance in preparedness for the quantum age,” said Sharma.
Biren Agnihotri, EY CTO in Canada, said this latest project shifts the conversation on quantum computing from concept to practical use for clients across markets.
Quantum computing has the ability to solve complex challenges that classical computing alone cannot address. By combining local and global talent, ecosystem collaboration and leading-edge in-house quantum infrastructure, EY teams are improving how organizations translate quantum innovation into real-world solutions,” said Agnihotri.
As part of this initiative, EY is bolstering its Client Zero approach, developing and testing quantum-enabled solutions within its own environment to help move visionary ideas toward practical use for clients.
Owning the system in-house can help organizations address stringent regulatory, security, privacy and industry requirements that cloud-based alternatives cannot always meet.
The investment builds on the EY organization’s recent quantum patent and strengthens the ability of EY teams to help clients identify where quantum can deliver measurable results.
Joe Depa, global chief innovation officer at EY, said the real power of quantum will be in pairing breakthrough capability with responsible use.
“That means protecting sensitive data while using quantum to solve problems that matter most to business and society, from cybersecurity to precision medicine. This is where innovation and trust must move together. AI changes how work gets done, while quantum may change what’s possible,” said Depa.
