Tech Mahindra Sets-up Quantum CoEs in Finland and India to Foster Innovation Across Sectors

 

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Right to left (with designations) - Mr. Mika Lintila, Minister of Economic Affairs of Finland; Harshvendra Soin, Global Chief People Officer & Head - Marketing, Tech Mahindra; Jagdish Mitra, Chief Strategy Officer, Tech Mahindra; Mr. Petri Peltonen, Under-Secretary of State, Ministry of Economic Affairs and Employment of Finland

 

To accelerate the adoption and commercialization of quantum technology globally

Mumbai – April 20, 2022 - Makers Lab^TM, the research and development arm 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.

This announcement has been made on the sidelines of a business delegation visit from Finland today 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.

Tech Mahindra believes in DigitALL philosophy for comprehensive Business Transformation. Digital technologies catalyze the transformations – they humanize businesses by helping them think, sense, connect, communicate, secure and act better than before. As part of NXT.NOW^TM framework, which aims to enhance ‘Human Centric Experience’, Tech Mahindra focuses on investing in emerging technologies and solutions that enable digital transformation and meet the evolving needs of the customer.