IQM, a superconducting quantum computer developer, collaborated with DATEV, a German IT service provider, to explore quantum computing’s potential for portfolio optimization. Utilizing a 20-qubit quantum system and the Quantum Approximate Optimization Algorithm (QAOA), they applied the Markowitz model to optimize DATEV’s product offerings, focusing on resource allocation. The project demonstrated high computational accuracy through IQM’s advanced quantum processor unit. The results, detailed in a whitepaper, indicate significant advancements in applying quantum computing beyond traditional finance. DATEV expressed excitement about the future impact of quantum technology on business problem-solving.