Does Size Matter for Quantum Adoption?
Not all banks are the same, and, of course, we shouldn’t expect them to adopt quantum computing in the same way or at the same time.
AEI is an acronym that stands for Awareness, Exploration, and Implementation.
See the post THE AEI PATH TO QUANTUM ADOPTION.
Let’s explore how these three phases relate to the size of a bank or financial institution.
1. For small banks, which primarily serve local businesses and individual customers, quantum computing remains mostly an area of curiosity.
Their innovation teams are likely aware of the potential impact of quantum technologies and may have even explored some theoretical applications.
However, due to limited resources and different business priorities, quantum computing adoption typically does not move beyond this Awareness phase.
Could they or should they advance to the Exploration phase?
While each bank's situation is unique, the high costs and current hardware limitations make this unlikely, in my opinion—at least for now.
2. The situation is slightly different for mid-sized banks.
With greater resources and a broader strategic scope, they may choose to take a more proactive approach.
If their innovation team has already a basic understanding of quantum computing’s potential applications, they might consider advancing to the Exploration phase.
This phase involves educating their technical teams on the theoretical and practical aspects of quantum computing, keeping up with industry developments by reading research papers or attending conferences, and identifying potential use cases relevant to their business.
Some mid-sized banks may even begin early-stage implementation by collaborating with quantum startups or research institutions, experimenting with cloud-based quantum processors, and running quantum algorithms for finance, such as portfolio optimization or quantum machine learning.
3. As you may know, larger banks, with dedicated R&D budgets and long-term innovation strategies, are already investing in quantum computing.
But what exactly are they doing?
In conclusion, when it comes to quantum adoption, size definitely matters.
While small banks remain in the Awareness phase, mid-sized banks are likely ready to Explore, and big banks can move toward Implementation.
The journey to quantum adoption is not one-size-fits-all, and each institution must assess its needs, risks, and potential benefits.
Want to dive deeper? My eBook is a great place to start → https://www.ozatp.com/qaf
