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TCS, AWS collaborate to help enterprises harness power of Quantum Computing

29 Nov 2022 , 04:01 PM

Tata Consultancy Services has launched the TCS Quantum Computing Lab on AWS to assist enterprises in exploring, developing, and testing business solutions and accelerating the adoption of quantum computing, which is regarded as one of the most promising technologies of the decade.

While still in its early stages, quantum computing has the potential to aid in the resolution of problems that are currently too difficult for classical computers to solve in a timely manner, such as enhanced detection of surface anomalies or optimization problems.

The new TCS Quantum Computing Lab on AWS will provide a virtual research and development environment based on Amazon Braket, AWS’s fully managed quantum computing service. TCS intends to use the lab to create industry-leading solutions, domain-centric performance benchmarks, and hackathons.

TCS will assist customers in exploring and co-creating new use cases for quantum computing to address business challenges that are beyond the capabilities of traditional technologies.

TCS will use qubits to help customers design transformational solutions in areas such as portfolio risk evaluation, secure communication ecosystems, predicting customer behaviour, and production planning, leveraging its deep domain knowledge and competency across industries.

TCS’ AWS Business Unit is a full-stack, multidisciplinary group that provides end-to-end cloud migration, application, and data modernization, managed services, and industry-specific innovation on AWS to enterprise customers.

At around 1.45 PM, TCS was trading at Rs3,422.30 per piece, up by 0.73% from its previous closing of Rs3,397.40 on the BSE. The scrip touched intraday high and low of Rs3,428 and Rs3,380.25 respectively.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Quantum Computing
  • stock market
  • TCS Collaboration
  • TCS New AWS
  • TCS news
  • TCS Share
  • TCS Stock
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