Quantum computing has the potential to deliver transformative impacts across various applications. Here’s how it can benefit your function or business.
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Quantum computing is nascent but will one day offer a range of business benefits
Quantum computers are not general-purpose computers. They use quantum bits (qubits) to represent information, instead of the 0s and 1s used in classical computing. As a result, they can perform complex calculations at unprecedented speeds.
Quantum computing applications therefore have the potential to deliver transformative impacts across various applications. With that in mind, executives should scope out what the practical applications could be and when those benefits can be captured.
Quantum computing: Business potential and ways to get started
Quantum computing is still an emerging technology, but business leaders would be wise to explore early what this new computing paradigm is, what it does and what problems it will solve.
Quantum computing’s transformative potential includes:
Simulations: Quantum computers can run simulations to study atomic and molecular interactions, which are critical for new drug and chemical discoveries. This can accelerate R&D processes and lead to faster time-to-market for new products.
Data analysis: Quantum algorithms can analyze classical data to improve classification accuracy and identify hidden patterns, providing deeper insights and better decision-making capabilities.
Sustainable technologies: Quantum computing can enable accurate simulations of battery chemistry and operations, leading to improved performance of electric vehicle batteries. It can also enhance the technical and economic viability of fuel cells and carbon capture technologies.
Steps to begin using quantum computing
While the potential of quantum computing is vast, getting started requires a thoughtful approach. Here are some key steps to ensure your team is set up for success:
1. Understand the technology.
Educate yourself and your team on the basics of quantum computing. Understand its capabilities, limitations and the types of problems it can solve.
2. Start small and identify use cases.
Determine specific business problems that classical computers struggle to solve but could benefit from quantum computing. Focus on high-impact areas such as optimization, simulations and data analysis. Given the nascent state of the technology, it’s wise to start small and scale as needed.
3. Collaborate with experts.
Partner with quantum computing vendors and experts who can provide the necessary technology and expertise. Many established technology providers and startups are developing quantum computing systems and services.
4. Pilot projects and manage expectations.
Test the feasibility and impact of quantum computing on your identified use cases. Use these projects to gather data, refine your approach and demonstrate value. Remember: quantum innovation is a long-term endeavor. Set achievable milestones and be prepared for gradual progress.
5. Invest in infrastructure.
Quantum computing requires a complex hybrid ecosystem, often involving specialized hardware and software. Invest in the necessary infrastructure, like Quantum Computing as a Service (QCaaS) and high-performance classical computers to manage and control quantum elements.
6. Develop skills.
Build a team with the required skills in quantum computing. This may involve hiring new talent or upskilling existing employees through training programs.
7. Monitor and adapt.
Continuously monitor the progress of your quantum computing initiatives. Be prepared to adapt your strategy based on the outcomes of your pilot projects and advancements in quantum computing technology.
Learn more about how Gartner can work with technical teams to navigate quantum computing. Partner with us to execute efficiently and deliver meaningful business results.
Quantum computing FAQs
What is quantum computing?
Quantum computing is a type of nonclassical computing that uses quantum bits (qubits) to represent information, instead of the 0s or 1s used in classical computers. Qubits can be linked, and quantum algorithms manipulate those linked qubits to solve complex problems exponentially faster than classic algorithms.
What are qubits?
Quantum bits (qubits) are how quantum computers represent information. A qubit can represent all possible values of its two dimensions (superposition) until it’s observed. Qubits can be linked with other qubits, a property known as entanglement. Quantum-classical algorithms manipulate linked qubits in their entangled state, enabling future system designs to potentially address use cases that classical systems cannot handle.
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