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The Quantum Computing Difference

Quantum computing—which leverages quantum physics to perform complex calculations at tremendous speed—can solve problems that are impossible or impractical for classical computers. Accelerating advancement in quantum computing is a reminder that the rapid improvement of this technology brings it so much closer to commercial viability.

 

It promises resolution for many business challenges unresolved by conventional high-performance computers. However, its use cases are largely experimental at this stage leaving its promises mostly theoretical. Although, large technology companies have launched commercial quantum-computing cloud services such as Amazon, IBM, Google, and Microsoft.

What is Quantum Computing?

Quantum computing harnesses the phenomena of quantum mechanics to deliver a huge leap forward in computation.

The power of quantum computer comes from the fact that it’s not limited to binary bits (the ones and zeros of traditional computer processors). Instead, it uses quantum bits, or qubits, that can represent a one, a zero, or both at once – a ‘superposition state’ that encompasses a near infinite spectrum of probabilities.

This means quantum computers approach problems very differently – essentially attacking them concurrently rather than sequentially. They manipulate the properties of quantum entangled qubits to simultaneously try a vast number of solutions, rather than trying each in turn. This translates to dramatic increases in speed when solving certain classes of problem.

Quantum computing can be used to reduce the time of computations of any problem statement for say years to just minutes like gene mapping, and some DS deep learning problems.

Quantum Computing

Quantum Use Cases

Among the industry with promising quantum computing use cases are in the field of financial service, pharmaceutical companies, and in finding solution to ease the irreversible effects of climate change.

Financial Institution

Financial players will be able to better manage uncertainty in decision making. With application designed to improve portfolio optimization, asset pricing, capital allocation, fraud detection, and most importantly risk analysis.

Pharma R&D

Through quantum computing, pharmaceutical companies can trim time off development process with the ability to screen larger and more complex molecules, map interaction of the drug and its target. This results to creating vaccines faster, medications developed sooner, and improved diagnostics.

As special-purpose tools for completing highly specialized calculations, quantum computers are probably not going to replace classical computers. It’s more likely that they will coexist with their classical counterparts, providing access to quantum technologies when advanced calculations are required.

 

When you are ready to explore the possibilities of Quantum Computing for your organisation, contact our Quantum Computing Consultant

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