Companies Look to Make a Quantum Leap With New Technology

7. May 2017

Date: 07-05-2017
Source: The Wall Street Journal

Volkswagen is among a growing number of firms experimenting with quantum computing to push their businesses forward

Companies have started to tap into quantum computing, like this D-Wave 2000Q System, in an effort to gain a competitive edge.

Quantum mechanics has fascinated, confounded and even alarmed scientists for nearly a century with the notion that particles can exist in two states at once and communicate with each other across vast distances. The underlying science that Albert Einstein famously called “spooky” could soon become one of modern computing’s core tenets.

Computers that utilize quantum mechanics are moving beyond pure scientific research and inching toward the commercial sector, with companies such as Volkswagen AG beginning to harness their unprecedented power to solve complex problems in nanoseconds.

“This technology is not futuristic,” said Martin Hofmann, Volkswagen chief information officer, who oversees information technology for the group’s 12 brands including Audi , Porsche and Bentley. “It’s a question of years until it’s commercialized, and investing right now in the technology is a big competitive advantage.”

Companies including D-Wave Systems Inc. and International Business Machines Corp. have been pioneering quantum computing, and experts say that within five years the technology could be powerful enough to solve new classes of problems that are currently beyond the grasp of even supercomputers. Read the rest of this entry »

Harvard Business School risks going from great to good

7. May 2017

Date: 04-05-2017
Source: The Economist: Schumpeter

A confidential memorandum of warning to its senior faculty

YOU will all be aware that a book has just been published about our institution, Harvard Business School (HBS). Entitled “The Golden Passport”, by Duff McDonald, it makes a number of unflattering claims about the school’s ethics and its purpose. While often unbalanced, it is likely to galvanise hostility to HBS both inside Harvard University, of which we are a part, and among the public. This memorandum, circulated only to the most senior faculty members, assesses HBS’s strategic position.

Our school has been among the country’s most influential institutions since its foundation in 1908. Our forebears helped build America’s economy in the early 20th century and helped win the second world war. HBS educates less than 1% of American MBA students but case studies written by our faculty are used at business schools around the world. Our alumni fill the corridors of elite firms such as McKinsey. Many bosses of big American companies studied here. Even in Silicon Valley, where we are relatively weak, about a tenth of “unicorns”—private startups worth over $1bn—have one of our tribe as a founder. Read the rest of this entry »