Brightcom, Qulabz tie up to set up innovation lab
Brightcom Group Ltd (BCG), the adtech & digital marketing company, has announced on setting up a Quantum Computing Innovation Lab in collaboration with Qulabz Inc.
Hyderabad: Brightcom Group Ltd (BCG), the adtech & digital marketing company, has announced on setting up a Quantum Computing Innovation Lab in collaboration with Qulabz Inc. Brightcom expects this initiative to power its growth in the coming periods by significantly enhancing its technological edge.
As per 'Boston Consulting Group', Quantum Computing could create a value of $850 billion, across industries: Optimization - $220 billion, Machine Learning- $220 billion, Simulation - $330 billion, and Crypotography - $80 billion.
The company proposes to set up a Quantum Lab, under a joint branding and ownership as 'Brightcom Qulabz Innovation Labs' for enabling creation of a quantum AI team with technical and operational support to create applied AI and quantum AI solutions and products.
With Nixon Patel on the advisory board of BCG, this collaborative effort will be a jump-start for the company's quantum computing venture. This innovation lab, will be state-of-the art, with cutting-edge quantum simulators, networks and equipment, and would be located at Hyderabad.
He has 30 years of stellar expertise in innovating, scaling & growing sunrise tech businesses in areas of quantum computing, voice & digital solutions. He is considered as an expert in the field of quantum computing, data science & AI.
Patel said: "We are already in the process of developing reliable, distributed, scalable quantum AI systems that will surpass today's classical methods. This collaboration will open up enormous quantum computing potential, and harness the R&D and technical expertise available today and in the future."
Peshwa Acharya, President of Group Strategy at BCG and the division head for 'Brightcom Quantum' said, "I am convinced that quantum computing and its applications will be a promising growth area for those working in digital marketing and adtech domain, amongst others."
"We are investing in this area of science, technology, and innovation to ensure that we can develop a tech leap, new IPs, new applications for us and our customers," he added.