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Asian Journal of Technology Innovation

Quantum computing and its implications for Asian innovation ecosystems

Jianling Wang, Lemuel Kenneth David, Idrissa I. Cisse, Vanessa Angel

Published Oct 30, 2024• 2 citations
Publisher

Abstract

Where quantum computing is emerging as a catalyst for innovation, this paper investigates its influence on R&D efficiency and innovation outcomes across 4,500 firms in six key sectors – pharmaceuticals, finance, materials science, energy, telecommunications, and logistics – in Asia between 2015 and 2024. The study employs advanced models, including Agent-Based Modeling (ABM), Bayesian Networks, Support Vector Machines (SVM), and Markov Chains, to analyse the relationship between quantum computing investments and innovation performance.The results indicate that high-R&D sectors, such as pharmaceuticals and finance, benefit most from quantum computing due to its role in accelerating drug discovery and optimising risk management. In contrast, low-R&D sectors like telecommunications and logistics face slower adoption due to infrastructure challenges and limited resources. Government support, particularly through subsidies and tax incentives, enhances the impact of quantum computing investments on innovation outcomes, especially in high-R&D industries. This study addresses key gaps by providing empirical evidence of quantum computing’s role in driving sectoral innovation and offering actionable insights for policymakers and industry leaders.

DOI
10.1080/19761597.2024.2420920

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Where quantum computing is emerging as a catalyst for innovation, this paper investigates its influence on R&D efficiency and innovation outcomes across 4,500 firms in six key sectors – pharmaceuticals, finance, materials science, energy, telecommunications, and logistics – in Asia between 2015 and 2024. The study employs advanced models, including Agent-Based Modeling (ABM), Bayesian Networks, Support Vector Machines (SVM), and Markov Chains, to analyse the relationship between quantum computing investments and innovation performance.The results indicate that high-R&D sectors, such as pharmaceuticals and finance, benefit most from quantum computing due to its role in accelerating drug discovery and optimising risk management. In contrast, low-R&D sectors like telecommunications and logistics face slower adoption due to infrastructure challenges and limited resources. Government support, particularly through subsidies and tax incentives, enhances the impact of quantum computing investments on innovation outcomes, especially in high-R&D industries. This study addresses key gaps by providing empirical evidence of quantum computing’s role in driving sectoral innovation and offering actionable insights for policymakers and industry leaders.
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Quantum Computing (QC) and Artificial Intelligence (AI) have emerged as key technologies in the evolution of Industry 6.0, driving advancements in automation and advanced analytics, and process optimization. Their integration holds the potential to revolutionize sectors such as data science, healthcare, finance, and cybersecurity by enabling faster and more efficient computations through qubits, superposition, and quantum entanglement. However, the lack of structured knowledge regarding specific QC methodologies and applications in AI hinders its optimal implementation and development. Consequently, this study aims to identify the applications and variables associated with QC-AI integration. To this end, a systematic literature review was conducted following the PRISMA 2020 methodology, drawing on studies from Scopus and Web of Science databases. This enabled the analysis of trends, limitations, and opportunities in this technological convergence. This study aims to systematically examine the intersection of quantum computing and artificial intelligence by identifying the key technological features, integration requirements, and sectoral applications that define the current state of the field. The review contributes by mapping existing research, highlighting methodological approaches, and revealing gaps that may guide targeted advancements in hybrid quantum AI systems. The insights generated have the potential to accelerate innovation in high-impact domains such as healthcare, finance, energy, and cybersecurity. The findings indicate that the main advances in QC applied to AI focus on quantum optimization, Quantum Machine Learning (QML), and post-quantum cryptography. Notably, sectors such as energy, healthcare, and finance have shown significant progress in adopting these technologies. For example, in healthcare, QML has been applied to simulate molecular interactions to accelerate drug discovery, and in finance, it enhances predictive models for market behavior. The study concludes that although QC demonstrates substantial potential to enhance AI, its broader adoption remains constrained by reliance on NISQ hardware, the need for effective error correction, and the limited scalability of hybrid quantum classical algorithms. Addressing these challenges will be essential to establishing QML as a cornerstone of technological innovation and digital transformation. Additionally, this review introduces an integrative framework that categorizes key AI QC convergence dimensions and proposes a classification of application areas based on technical requirements and algorithmic capabilities. These contributions aim to guide future experimental validations and hybrid model development.
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Quantum computing is emerging as one of the most transformative technologies of the 21st century, with significant implications for business strategy, workforce development, education systems, and global economic competitiveness. This paper introduces the foundational principles of quantum computing, including superposition, entanglement, interference, and decoherence, and explains how these mechanisms enable quantum systems to outperform classical computers in solving complex problems. It further examines the potential applications of quantum computing across industries such as pharmaceuticals, finance, automotive engineering, artificial intelligence, and logistics, highlighting both opportunities for innovation and risks of disruption. Attention is given to anticipated labor market shifts, the growing need for quantum literacy in higher education and professional training, and the relationship between quantum technologies and artificial intelligence acceleration. The paper also explores broader societal and demographic implications, including the risk of widening technological inequality between developed and developing nations. Ultimately, the study argues that while quantum computing presents unprecedented opportunities for economic advancement and scientific discovery, proactive policy planning, educational adaptation, and international collaboration will be essential to ensure inclusive and sustainable adoption.
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The convergence between artificial intelligence (AI) and quantum computing has global economic and security implications, with applications ranging from advancing pharmaceuticals to breaking traditional encryption. In its national and local state plans, China's policymakers clearly seek global leadership in both of these domains, and encourage synergies between them. Traditional research institutions, namely universities and laboratories, are leading theoretical work and basic research and development for quantum computers to power AI applications, quantum machine learning (ML), and other foundational work. Additionally, China's premier cloud service providers are advancing the two technologies with quantum simulators and online platforms for ML and algorithm development. These companies are driving the commercialization of quantum technologies for industries like pharmaceuticals, materials science, and chemistry. China's investments and rapid advancements warrant analytic attention to avoid technological surprise and inform U.S. policymakers and leaders in these fields. To that end, this chapter identifies key entities pursuing research on the nexus between the two technologies, assesses technology paths and obstacles, and provides indicators for future analyses.