Quantum computing will be revolutionary, one panellist claimed at The Network Forum in Athens.
When asked if the roadmap to innovation is on a straight path or whether are there “leapfrog” moments, the speaker said: “You see peaks that really accelerate such as quantum computing and when that hits that is going to be revolutionary. Computing power is becoming cheaper, data is becoming faster and is becoming able to make better investor decisions. We are seeing the acceleration of technology.”
Another panellist commented: “In the distributed ledger technology (DLT) space there has been lots of innovation and experimentation. There have been networks that have gone live with three live participants.”
Meanwhile, the moderator asked the panel if their 2020 objectives have been achieved and if so, what has been difficult along the way.
In response, one speaker said: “For 2020, we are looking at delivering the next version of our product, how can we work with different types of users and make things more user-friendly, which is a big goal for us.”
Another speaker added: “When we started our 2020 strategy in 2015 we were very cautious at first. The sticking points have been around the implementation of the expectations but technology and getting familiar with the technology is not the sticking point.”
Later in the panel, the audience was asked what will have the greatest impact of accelerating the corporate pace of change.
Some 36 percent of the audience said external fintech offerings, some 31 percent said internal innovation initiatives and 21 percent said industry bodies/working groups, while 11 percent said established vendor engagements.
One speaker concluded: “The industry gets the impression that we are slow to innovate but actually I think we are very quick to innovate.”
