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Hello Quantum! How Quantum Computing Will Change the World

Jan Kietzmann, Dionysios S. Demetis, Theresa Eriksson, Amir Dabirian

Published Jul 1, 2021• 11 citations
Publisher

Abstract

The world of information technology is buzzing around the possibilities that quantum computers might open up for organizations. But what are quantum computers and what could be their business potential, eventually? Part of why quantum computers are steeped in mystery is because they rely on some very strange properties of the microcosm. From quantum interference to quantum entanglement, not to mention some of the underlying philosophical quantum implications like the possibilities for multiple universes and the foundations of quantum physics that revolve around peculiar mathematical formulations, quantum computers have been under development for decades, with IBM, D-Wave, and Google being amongst a handful of companies investing in this space.

DOI
10.1109/mitp.2021.3086917

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Quantum computing is the first digital support technology we explore in this book in more detail. It is sometimes portrayed as brilliant scientists exploring the most obscure natural phenomena in exotic laboratories and aiming to build very powerful science fiction supercomputers that are practically capable of doing anything. But this public perception has been changing lately since various tech companies around the world have invested in this technology to apply it to real-life business problems and explore potential use cases. Among them are Google, Microsoft, IBM, and Honeywell, for instance, just to mention a few pioneers in this ongoing field of industrial research. They frequently report on their latest achievements, highlight current business applications, and emphasize the great prospects of this digital technology. Even The New York Times picked up this trend lately and described quantum computing as one of the most “jazziest and most mysterious concepts of modern science” [1].

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The world of information technology is buzzing around the possibilities that quantum computers might open up for organizations. But what are quantum computers and what could be their business potential, eventually? Part of why quantum computers are steeped in mystery is because they rely on some very strange properties of the microcosm. From quantum interference to quantum entanglement, not to mention some of the underlying philosophical quantum implications like the possibilities for multiple universes and the foundations of quantum physics that revolve around peculiar mathematical formulations, quantum computers have been under development for decades, with IBM, D-Wave, and Google being amongst a handful of companies investing in this space.
Companies such as Intel as a pioneer in chip design for computing are pushing the edge of computing from its present Classical Computing generation to the next generation of Quantum Computing. Along the side of Intel corporation, companies such as IBM, Microsoft, and Google are also playing in this domain. The race is on to build the world’s first meaningful quantum computer—one that can deliver the technology’s long-promised ability to help scientists do things like develop miraculous new materials, encrypt data with near-perfect security and accurately predict how Earth’s climate will change. Such a machine is likely more than a decade away, but IBM, Microsoft, Google, Intel, and other tech heavyweights breathlessly tout each tiny, incremental step along the way. Most of these milestones involve packing more quantum bits, or qubits—the basic unit of information in a quantum computer—onto a processor chip ever. But the path to quantum computing involves far more than wrangling subatomic particles. Such computing capabilities are opening a new area into dealing with the massive sheer volume of structured and unstructured data in the form of Big Data, is an excellent augmentation to Artificial Intelligence (AI) and would allow it to thrive to its next generation of Super Artificial Intelligence (SAI) in the near-term time frame
Companies such as Intel as a pioneer in chip design for computing are pushing the edge of computing from its present Classical Computing generation to the next generation of Quantum Computing. Along the side of Intel corporation, companies such as IBM, Microsoft, and Google are also playing in this domain. The race is on to build the world’s first meaningful quantum computer—one that can deliver the technology’s long-promised ability to help scientists do things like develop miraculous new materials, encrypt data with near-perfect security and accurately predict how Earth’s climate will change. Such a machine is likely more than a decade away, but IBM, Microsoft, Google, Intel, and other tech heavyweights breathlessly tout each tiny, incremental step along the way. Most of these milestones involve packing more quantum bits, or qubits—the basic unit of information in a quantum computer—onto a processor chip ever. But the path to quantum computing involves far more than wrangling subatomic particles. Such computing capabilities are opening a new area into dealing with the massive sheer volume of structured and unstructured data in the form of Big Data, is an excellent augmentation to Artificial Intelligence (AI) and would allow it to thrive to its next generation of Super Artificial Intelligence (SAI) in the near-term time frame.
Quantum computing, long considered a theoretical and esoteric branch of physics, is now emerging as one of the most transformative technological frontiers of the 21st century. Drawing upon the strange and powerful principles of quantum mechanics—superposition, entanglement, and interference—quantum computers offer the potential to solve certain classes of problems far beyond the capabilities of classical systems. From revolutionizing drug discovery to transforming cryptography, the long-term implications of quantum computing could rival the digital revolution of the 20th century. This essay provides a comprehensive analysis of the current state of quantum computing, its scientific and technological challenges, the trajectory of future development over the next two decades, and the economic and ethical dimensions that will shape its responsible deployment.
The digital age's unrelenting quest for computational superiority has given rise to the disruptive technology known as quantum computing, which has the potential to completely alter a number of sectors. This study explores the mysterious realm of quantum computing with the goal of clarifying its status, promise, and the many difficulties that still remain. The study starts with a thorough discussion of the fundamental ideas of quantum physics, illuminating the special properties of quantum bits, or qubits, that underlie the capability of quantum computing. Then, we provide a critical review of the current state of quantum computing, examining the various strategies and technologies, ranging from topological to superconducting qubits, and emphasizing the developments in quantum hardware and algorithms. We examine the various uses of quantum computing, from drug discovery to cryptography, optimization to artificial intelligence, and we emphasize the disruptive potential of this technology in these fields. In this look into the future, we examine quantum computing's prospects and its ability to change industries. The adoption timescale is discussed, along with the short- and long-term effects they may have, and the socioeconomic effects of widespread quantum computer use are considered. The future of quantum computing is examined indepth in this study article, which highlights both the fascinating promise and the complex problems it will have to solve. It is crucial to comprehend the trajectory of this emerging technology and the enormous changes it may spawn across multiple industries as the world prepares for the quantum revolution. These changes might eventually reshape the fabric of our digital life.
Companies such as Intel as a pioneer in chip design for computing are pushing the edge of computing from its present Classical Computing generation to the next generation of Quantum Computing.Along the side of Intel corporation, companies such as IBM, Microsoft, and Google are also playing in this domain.The race is on to build the world's first meaningful quantum computer-one that can deliver the technology's long-promised ability to help scientists do things like develop miraculous new materials, encrypt data with near-perfect security and accurately predict how Earth's climate will change.Such a machine is likely more than a decade away, but IBM, Microsoft, Google, Intel, and other tech heavyweights breathlessly tout each tiny, incremental step along the way.Most of these milestones involve packing more quantum bits, or qubits-the basic unit of information in a quantum computer-onto a processor chip ever.But the path to quantum computing involves far more than wrangling subatomic particles.Such computing capabilities are opening a new area into dealing with the massive sheer volume of structured and unstructured data in the form of Big Data, is an excellent augmentation to Artificial Intelligence (AI) and would allow it to thrive to its next generation of Super Artificial Intelligence (SAI) in the near-term time frame..
Quantum computing is the first digital support technology we explore in this book in more detail. It is sometimes portrayed as brilliant scientists exploring the most obscure natural phenomena in exotic laboratories and aiming to build very powerful science fiction supercomputers that are practically capable of doing anything. But this public perception has been changing lately since various tech companies around the world have invested in this technology to apply it to real-life business problems and explore potential use cases. Among them are Google, Microsoft, IBM, and Honeywell, for instance, just to mention a few pioneers in this ongoing field of industrial research. They frequently report on their latest achievements, highlight current business applications, and emphasize the great prospects of this digital technology. Even The New York Times picked up this trend lately and described quantum computing as one of the most “jazziest and most mysterious concepts of modern science” [1].