While artificial intelligence has been attracting increasing investment and controversy, a new, and potentially much more powerful technology, Quantum Computing, is on the business horizon. Already, organizations are assessing its potential for addressing a range of computationally challenging issues, such as last-mile optimization and cryptanalysis to break encryption algorithms, and are exploring possible applications in a range of business areas. While the advent of Quantum Computing may bring an array of opportunities and benefits, the companies developing and applying Quantum Computing technologies will face, and have to address, new sets of corporate social, ethical, economic, technical and environmental responsibilities. Using a qualitative research method based on secondary sources, this article examines the implications for Quantum Computing for corporate digital responsibility, and assesses the guidance currently being offered by leading consultancies for organisations deploying Quantum Computing. The results suggest that although there is some guidance on how companies can apply and exploit Quantum Computing technology, there is as yet little consideration of the possible downsides, including, for example, potential negative environmental impacts. Further research is needed to develop a more balanced assessment of benefits and disbenefits as Quantum Computing is deployed in the corporate world and wider global society.
In terms of computing capacity, quantum computers are expected to surpass conventional computers throughout this decade and have a seismic impact on a number of commercial sectors, particularly finance. In actuality, it is anticipated that the financial industry would reap both immediate and long-term benefits from quantum computing. The current state of quantum computing for financial applications is thoroughly evaluated in this survey research, with a focus on stochastic modelling, optimisation, and machine learning. It demonstrates how these methods could aid in more rapidly and efficiently resolving financial issues including derivative pricing, risk modelling and fraud detection if they were updated to operate on a quantum computer.The possibility of quantum computing as a ground-breaking tool for streamlining financial engineering procedures is examined in this research. Growing interest in using quantum computing to solve these problems is being driven by the complexity of financial systems and the computational rigor of financial engineering problems. The effectiveness of quantum computing in advancing optimization techniques in the field of financial engineering is assessed in this paper.
This study examines the effect of quantum computing on businesses. The study begins by providing an overview of quantum computing and its main features. Also discusses the benefits and challenges of quantum computing for businesses, including improved performance, increased efficiency, and enhanced security. This study examines how quantum computing will affect several sectors, including banking, healthcare, and logistics. The study's findings suggest that quantum computing has the ability to fundamentally alter company operations and open up new avenues for innovation. This also highlights the need for businesses to invest in developing their quantum computing capabilities, as well as to consider the potential risks and challenges associated with this technology. The study concludes by telling the importance of staying ahead and investing in quantum computing and taking advantage of its potential benefits for businesses.