Quantum computers get busy helping BMW optimise its global supply chain

1 0

WHY THIS MATTERS IN BRIEF

Ultra-powerful quantum computers are perfectly designed to help solve optimisation problems, and most global supply chains are highly inefficient.

Love the Exponential Future? Join our XPotential Community, future proof yourself with courses from XPotential University, connect, watch a keynote, or browse my blog.

Back in 2019 Volkswagen became one of the first car makers to use quantum computers to optimise and manage its fleet of cars as they travelled around Lisbon during Web Summit. And now, mere months after China’s quantum computer performed a calculation that would have taken a regular supercomputer 2.5 billion years to complete in just minutes, BMW has announced they’ve using the awesome raw power of quantum computers to help them optimise their global supply chains.

5G and Smart City sensor networks could give autonomous vehicles collective perception

The automaker says it’s working with Honeywell to help it determine the best components to buy at the right time without disrupting its production lines. While one supplier might be able to deliver components faster, similar parts might be cheaper from another supplier at the same time, as CNET notes.

The new Honeywell H1 quantum computer BMW are using can determine the most optimal selections from the available choices making it an invaluable tool in helping BMW streamline their snaking global supply chain. Tracking the availability and pricing of components from a variety of suppliers can be a complex task, especially for traditional computers, so BMW is hoping that the quantum approach can help it to improve its manufacturing processes.

Mastercard will soon let 3 Billion people buy crypto and NFT's using its network

Elsewhere, BMW has announced entry-level plug-in hybrid versions of the 3 Series and 5 Series. After the 320e and 530e become available in March, the automaker will have 15 BMW models and one Mini with plug-in hybrid drive in its lineup.

Connected Society

This innovative AI algorithm finds a way to burst internet echo chambers

Connected Society

6G demonstrated in the labs as researchers stream uncompressed 8k video

About author

Matthew Griffin

Fanatical Futurist ● Int'l Advisor and Keynote Speaker ● Disruption, Futures and Innovation expert

Matthew Griffin, described as “The Adviser behind the Advisers” and a “Young Kurzweil,” is the founder and CEO of the World Futures Forum and the 311 Institute, a global Futures and Deep Futures consultancy working between the dates of 2020 to 2070, and is an award winning futurist, and author of “Codex of the Future” series. Regularly featured in the global media, including AP, BBC, Bloomberg, CNBC, Discovery, RT, Viacom, and WIRED, Matthew’s ability to identify, track, and explain the impacts of hundreds of revolutionary emerging technologies on global culture, industry and society, is unparalleled. Recognised for the past six years as one of the world’s foremost futurists, innovation and strategy experts Matthew is an international speaker who helps governments, investors, multi-nationals and regulators around the world envision, build and lead an inclusive, sustainable future. A rare talent Matthew’s recent work includes mentoring Lunar XPrize teams, re-envisioning global education and training with the G20, and helping the world’s largest organisations envision and ideate the future of their products and services, industries, and countries. Matthew's clients include three Prime Ministers and several governments, including the G7, Accenture, Aon, Bain & Co, BCG, Credit Suisse, Dell EMC, Dentons, Deloitte, E&Y, GEMS, Huawei, JPMorgan Chase, KPMG, Lego, McKinsey, PWC, Qualcomm, SAP, Samsung, Sopra Steria, T-Mobile, and many more.