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Extract from Cutter Consortium Executive Update (Joseph Byrum)
Today’s decision support tools are useful but limited — and running algorithms can be computationally expensive. We need statistical shortcuts that simplify incredibly complex equations so that they can run on today’s hardware. This Executive Update highlights the “quantum leap” and how it will end estimating and solve equations in their full complexity. Instead of waiting 24 hours, the solution might only take a second. Within the next 10-20 years, the quantum computing era can lead us to a fully intelligent enterprise.
Joseph Byrum is an accomplished executive leader, innovator, and cross-domain strategist with a proven track record of success across multiple industries. With a diverse background spanning biotech, finance, and data science, he has earned over 50 patents that have collectively generated more than $1 billion in revenue. Dr. Byrum’s groundbreaking contributions have been recognized with prestigious honors, including the INFORMS Franz Edelman Prize and the ANA Genius Award. His vision of the “intelligent enterprise” blends his scientific expertise with business acumen to help Fortune 500 companies transform their operations through his signature approach: “Unlearn, Transform, Reinvent.” Dr. Byrum earned a PhD in genetics from Iowa State University and an MBA from the Stephen M. Ross School of Business, University of Michigan.
