Tech Mahindra Sets-up Quantum CoEs in Finland and India for Fostering Innovation Across Sectors By CIOTechOutlook Team

Tech Mahindra Sets-up Quantum CoEs in Finland and India for Fostering Innovation Across Sectors

CIOTechOutlook Team | Wednesday, 20 April 2022, 11:18 IST

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Makers Lab, the research and development part of Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services & solutions, sets up its Quantum Center of Excellence – QNxt in Helsinki.The collaboration will accelerate the adoption and commercialization of quantum technologies globally. In addition to Finland, Makers Lab will also set up CoEs in Pune & Hyderabad, India to spearhead co-innovation and R&D across industries and sectors such as telecom, 5G, energy, and healthcare.

The announcement has been made on the sidelines of a business delegation visit from Finland, led by Mr. Mika Lintila, Minister of Economic Affairs of Finland and Mr. Petri Peltonen, Under-Secretary of State, Ministry of Economic Affairs and Employment of Finland. Makers Lab will build a team of 200+ quantum machine learning experts and 5 research fellows to start with.

Mika Lintila, Minister of Economic Affairs of Finland, said, “Finland is one of the leading countries in Quantum Technology in Europe. I see great value in further developing our ecosystem in partnership with strong international players such as Tech Mahindra. I warmly welcome the new Makers Lab to build linkages with Finnish business life and top innovation actors.”

Jagdish Mitra, Chief Strategy Officer and Head of Growth, Tech Mahindra, said, “We are at the start of the Quantum decade that promises to change the very fabric of classical computation and addresses challenges that cannot be solved using current computation techniques. It gives us an ability to not only re-imagine customer experience, but also to look towards a sustainable future at a time when energy requirements across the world have become unsustainable. At Tech Mahindra, we see this change pushing us towards a faster, better, sustainable, and more optimized mode of solving customer challenges which is powered by quantum computing. Our QNxT CoEs will solidify our research and design capabilities. It will also help us implement business use cases effectively to solve complex customer challenges by leveraging quantum computing.”

QNxT will identify quantum computing problem statements, spearhead inclusive innovation, and develop use cases across sectors such as fraud identification and folio optimization in finance, drug discovery, precision medicine therapies, and seamless diagnostic assistance in healthcare, and 5G bandwidth optimization in telecom. It will also facilitate training, education, testing, and R&D in the field of quantum computing. In addition, it will enable 5G and 6G networks to provide global coverage and empower organizations in their digital transformation journeys that will result into higher level of productivity, reduce operational complexity, and costs.

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