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IEEE Transactions on Engineering Management

Quantum Computing at an Inflection Point: Are we Ready for a New Paradigm

Ashish Bhasin, Manas Tripathi

Published Sep 2, 2021• 31 citations
Publisher

Abstract

Quantum computers leverage quantum mechanics to enable complex processing power enabling computation within a finite timeframe. As the industry reaches a peak of uncertainties in classical computing, researchers see an opportunity in quantum computing to resolve these uncertainties by unraveling the quantum mechanism that quantum physicists built for over a century. Organizations and academics have been working in tandem to conceptualize the quantum world through quantum computers. This article evaluates the tipping points of the quantum computers in the organization, the barrier of adoption, and a mitigation strategy. The article involves an extensive literature review of the current state and future application expectations from quantum computers. As part of this article, the authors interviewed senior industry technology experts to explore quantum computers’ introduction in the industry, and discussed the barriers to adopting quantum computing.

DOI
10.1109/tem.2021.3103904

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Quantum computers leverage quantum mechanics to enable complex processing power enabling computation within a finite timeframe. As the industry reaches a peak of uncertainties in classical computing, researchers see an opportunity in quantum computing to resolve these uncertainties by unraveling the quantum mechanism that quantum physicists built for over a century. Organizations and academics have been working in tandem to conceptualize the quantum world through quantum computers. This article evaluates the tipping points of the quantum computers in the organization, the barrier of adoption, and a mitigation strategy. The article involves an extensive literature review of the current state and future application expectations from quantum computers. As part of this article, the authors interviewed senior industry technology experts to explore quantum computers’ introduction in the industry, and discussed the barriers to adopting quantum computing.
Quantum computing represents a revolutionary paradigm shift in data processing, promising to revolutionize industries, solve complex computational problems, and propel scientific discovery to unprecedented heights. This research paper provides a comprehensive overview of the current state of quantum computing technology, its basic principles, and applications. The article begins by explaining the basic principles of quantum mechanics, introducing key concepts such as superposition and entrainment that underlie the enormous computing power of quantum computers. The discussion of quantum bits, or qubits, highlights the unique properties of quantum computers that allow them to perform tasks much faster than classical computers. Research papers cover various quantum computer architectures, gate-based quantum computers, adiabatic quantum computers, and quantum annealing devices. Explores challenges and advances in hardware with attention to quantum error correction and quantum breakthroughs. In addition, this paper explores various quantum algorithms and their applications in domains such as cryptography, optimization, material science, and drug discovery. It reviews progress in algorithm development and emphasizes the practical implications of quantum computing for solving real-world problems. Additionally, the research document examines the current state of the Quantum Computing industry and highlights the key players and their contributions to the field. It also touches on the economic and ethical implications of quantum computers, considering security issues and implications for existing computing paradigms. In summary, this comprehensive review reveals the transformative potential of quantum computers and offers valuable insights into current opportunities, challenges, and future prospects. As quantum computing advances, this paper serves as a valuable resource for researchers, policymakers, and industry leaders who want to understand and harness the power of quantum computing.
Quantum computing represents a paradigm shift in computational power, leveraging quantum mechanics principles to solve complex problems beyond the reach of classical computers. As quantum technologies evolve, they hold the promise of revolutionizing industries ranging from cryptography and artificial intelligence to material science and drug discovery. This article explores the current developments in quantum computing, highlighting the potential future implications for various sectors. The article discusses the state-of-the-art quantum computing techniques, key challenges in scalability and error correction, and the potential for real-world applications. The implications of quantum computing on cryptography and data security, coupled with advancements in quantum algorithms, are also examined. The future of quantum computing is bright, but significant challenges remain that will require collaboration across interdisciplinary fields.
Quantum Computing The twenty-first century has witnessed remarkable advancements in computing technologies, transforming every aspect of modern society. As conventional computing systems approach their physical and computational limits, the search for new paradigms capable of solving increasingly complex problems has led to the emergence of Quantum Computing. By harnessing the principles of quantum mechanics, quantum computing represents a revolutionary approach that has the potential to redefine computation, communication, and information processing on an unprecedented scale. Quantum Computing is designed to provide readers with a comprehensive understanding of the concepts, principles, technologies, and applications that form the foundation of this rapidly evolving field. This book aims to bridge the gap between theoretical quantum mechanics and practical computational applications, enabling students, researchers, academicians, and professionals to explore the transformative potential of quantum technologies. The chapters in this book cover a broad spectrum of topics, including the fundamentals of quantum mechanics, quantum bits (qubits), quantum gates, superposition, entanglement, quantum circuits, quantum algorithms, quantum cryptography, quantum communication, and quantum error correction. The book also explores the architecture of quantum computers and examines the challenges involved in building scalable and fault-tolerant quantum systems. As industries increasingly seek innovative solutions to complex computational problems, quantum computing is emerging as a promising technology with applications in cryptography, artificial intelligence, machine learning, optimization, financial modeling, healthcare, pharmaceutical research, materials science, logistics, and climate modeling. The ability of quantum computers to process vast amounts of information simultaneously offers opportunities that were previously beyond the reach of classical computing systems. Special attention has been given to contemporary developments in quantum technologies, including quantum supremacy, hybrid quantum-classical computing, cloud-based quantum platforms, and the growing role of quantum computing in scientific discovery and industrial innovation. The book also discusses ethical, security, and societal implications associated with the advancement of quantum technologies. The primary objective of this book is to equip readers with both foundational knowledge and practical insights into the field of quantum computing. Through a balanced presentation of theory, applications, case studies, and emerging research trends, the book seeks to inspire curiosity, innovation, and further exploration in this transformative domain. We extend our sincere gratitude to the authors, reviewers, researchers, academicians, and industry experts whose valuable contributions have enriched the quality and relevance of this publication. Their dedication and expertise have helped create a resource that reflects the latest developments and future possibilities of quantum computing. We hope that Quantum Computing will serve as a valuable guide for students, educators, researchers, and technology professionals seeking to understand the next frontier of computational science. May this book inspire new ideas, foster innovation, and contribute to the advancement of knowledge in one of the most exciting technological revolutions of our time. Mr. M. Rajeshkumar Dr. R. Mariappan Mr. E.Janakiraman,
Quantum computing represents a paradigm shift in information processing, promising unprecedented computational power and the ability to solve complex problems that are currently beyond the reach of classical computers. This Review provides a concise overview of the potential impacts of quantum computing on the Information Technology (IT) industry, exploring key advancements, challenges, and transformative possibilities. Quantum computing leverages the principles of quantum mechanics, such as superposition and entanglement, to perform computations in ways that classical computers cannot emulate. This review examines the potential ramifications for the IT industry, addressing crucial aspects shaping the future of quantum computing. The impacts on cryptography, a cornerstone of IT security, are discussed, as quantum computers have the potential to break widely used encryption algorithms, necessitating the development of quantum-resistant cryptographic solutions. Additionally, the Review delves into the optimization of complex problem-solving tasks, such as optimization problems and machine learning algorithms, offering a glimpse into the transformative potential of quantum computing in accelerating data analysis and decision-making processes. Challenges in realizing the full potential of quantum computing, including error correction, qubit stability, and hardware development, are also explored. As quantum computers are still in the nascent stages of development, addressing these challenges is imperative for harnessing their true capabilities. The Review concludes by highlighting the collaborative efforts of industry leaders, researchers, and policymakers in advancing quantum computing technologies. Initiatives and investments are underway to develop scalable and commercially viable quantum hardware and software, signaling the beginning of a new era in information processing. In summary, this Review provides a snapshot of the evolving landscape of quantum computing and its potential impacts on the IT industry. As quantum technologies continue to mature, their transformative influence on cryptography, problem-solving tasks, and computational capabilities is poised to reshape the IT industry, prompting stakeholders to adapt and capitalize on the quantum computing revolution.
Quantum computing has evolved from a largely theoretical discipline into a field of growing interest for commercial and industrial applications. Recent advances in quantum hardware, algorithms, and cloud-based access have enabled early experimentation outside academic environments, raising questions about its potential impact on real-world decision-making and operational problems. This paper provides an overview of the current state of quantum computing with a focus on its emerging relevance in commercial contexts. It examines the categories of problems that have attracted attention from industry, particularly those involving high combinatorial complexity such as optimization, scheduling, logistics, and resource allocation. The analysis also reviews the global landscape of companies and initiatives engaged in quantum computing, highlighting different technological approaches, maturity levels, and regional characteristics. In parallel, the paper discusses the principal challenges and limitations that constrain widespread adoption, including hardware immaturity, algorithmic readiness, cost factors, and organizational requirements. By considering both opportunities and risks, this study aims to present a balanced and realistic perspective on the role quantum computing may play in business environments. The objective is to clarify the current position of quantum computing within the broader technological landscape and to support informed interpretation of its potential, limitations, and future trajectory in commercial applications.
Quantum computing has emerged as a transformative computational paradigm capable of addressing limitations increasingly encountered by classical computing systems as Moore’s law approaches physical and economic constraints. By leveraging quantum mechanical principles such as superposition, entanglement, and interference, quantum systems offer the potential for significant computational advantages in solving complex problems that are currently infeasible for conventional architectures. This review critically synthesizes recent advances in quantum computing by examining foundational principles, major algorithmic breakthroughs, evolving hardware platforms, and interdisciplinary real-world applications. A structured narrative literature review was conducted using major scientific databases, including PubMed, IEEE Xplore, Nature, ScienceDirect, and arXiv, with emphasis on peer-reviewed studies, landmark foundational research, and major industry developments published between 2018 and 2026. Key findings indicate substantial progress in superconducting, trapped ion, photonic, and topological quantum systems, alongside innovations in algorithms such as Shor’s, Grover’s, variational quantum methods, and quantum machine learning. Despite these advancements, major challenges including decoherence, noise, scalability limitations, and fault-tolerant error correction remain substantial barriers to commercial maturity. Future implications suggest quantum computing may profoundly influence artificial intelligence, cybersecurity, optimization, molecular simulation, and scientific discovery, particularly through hybrid classical-quantum systems and cloud-based democratization. Although practical deployment remains transitional, quantum computing is positioned to become a foundational technology with broad scientific, industrial, and societal implications.