Quantum Computing for Digital Transformation of Complex Business Operations

Tamara Šmaguc, Robert Kudelić

P. Umamaheswari

The field of quantum computing is quickly becoming a new technology to find solutions to complex optimization problems that are difficult to solve with classical methods of computing. The chapter focuses on discussing the process of transformation of quantum computing into practice and business optimization with the view to decision-making, showing the potential of the technology to achieve high efficiency and innovation in several industries. Quantum optimization, with its potential to deliver substantial cost savings, improve performance in operations, and induce competitive advantage, is discussed with key areas that include supply chain management, logistics, manufacturing, inventory management, and research and development, being some of the areas that can drive cost savings as well as enhance performance in operations and induce competitive advantage. Finally, quantum computing is emerging as a game-changer in creating new business value in the digital era by enabling more agile and further advanced optimization solutions.

Rubyet Islam

Quinn Peterson

TMBU Bhagalpur Univ. Dept. of Commerce & Bus Administration, Dr. Paranav Shankar

Abstract The rapid advancement of technology, coupled with the global interconnectivity, has led to the emergence of quantum commerce (Q-commerce) as a significant paradigm shift in the business world. Quantum commerce represents a new form of digital commerce that combines aspects of quantum computing, artificial intelligence (AI), block chain, and next-generation networks. This transformative model promises to revolutionize the way businesses interact with customers, manage data, and optimize operations. The global impact of quantum commerce will be far-reaching, influencing various industries, economic dynamics, and business models. This note explores the key components of quantum commerce, its potential impacts on businesses globally, and the opportunities and challenges it will bring in the coming years. Key-words: Quantum Computing, Quantum Technology, Business Transformation, AI and Quantum Integration, Data Security, Quantum Cryptography, Supply chain Optimization, Financial Service Innovation, Disruptive Innovation, Global Trade, Digital Ecosystems, Quantum Algorithms, Block chain and Quantum, Market Efficiency, Competitive Advantage Business Intelligence, Automation, Tech Adoption, Cross-border commerce, Cyber security etc.

Jay Liebowitz