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With an award for her master thesis on anomaly detection in time series, the foundation recognized Tania Jacob for her outstanding performance.

In the interview, she explains how her results could also be used in power plants and on the stock market and tells more about her work at Fraunhofer ITWM.

Why is the price of electricity subject to such fluctuations? Can companies save by buying electricity when there is a high supply due to renewable energies? What are the options for storing large amounts of electricity? How can flexibility in purchasing electricity and energy help companies save money? In the latest episode of the German Fraunhofer InnoVisions podcast »Nachgeforscht«, our expert Ria Grindel answers about all these questions.

Together with the University Kaiserslautern-Landau (RPTU), the »Financial Mathematics« department is celebrating Ralf Korn's 60th birthday with a special workshop. Many mathematicians whose professional careers are closely linked to him will be attending.

Korn founded the »Financial Mathematics« department and continues to be involved in research as an advisor to the Fraunhofer ITWM.

Dr. Simon Schnürch (left in the picture), until recently working in our department »Financial Mathematics«, ended 2022 with a success: His dissertation »Mortality Modeling Machine Learning and Mortality Shocks« won second place at the »SCOR Prize« in Germany! The Prize is endowed with 4,000 euros.

SCOR is one of the top 5 global reinsurers based in Paris and awards prizes in several countries. 

In the midst of the Reallabor, we will review three project years with a final presentation followed by a barbecue above the roofs of Erfurt. We will also venture a joint outlook into new and exciting research projects.

The Future Conference will take place on October 5 and 6. More than 1,000 savings bank board members, innovation and specialist managers and Deka employees will meet here. Tom Ewen from the department »Financial Mathematics« will give a presentation on »Quantum Computing and Machine Learning – New Horizons for the Financial Sector«.

In the joint project »EnerQuant: Energy Fundamental Modeling with Quantum Algorithms«, experts are researching the application of quantum computing to optimization problems in the energy industry and the development of a quantum simulator. This event has been postponed from 19.10.2023.