Quantum computing has seen significant advancements with the emergence of commercial quantum hardware from major tech companies and startups. These developments, alongside new classical hardware accelerators inspired by quantum technologies, facilitate the rapid solving of complex optimization problems and recently spawned a flurry of research in various communities.
Quantum computing has seen significant advancements with the emergence of commercial quantum hardware from major tech companies and startups. These developments, alongside new classical hardware accelerators inspired by quantum technologies, facilitate the rapid solving of complex optimization problems and recently spawned a flurry of research in various communities.
Quantum computing represents a revolutionary leap in computational power, leveraging the principles of quantum mechanics to process information in fundamentally new ways. Unlike classical computers, which use bits to represent data as 0s or 1s, quantum computers use quantum bits or qubits, enabling the phenomena of superposition and entanglement to perform complex calculations more efficiently (Nielsen & Chuang, 2010). This article explores the basic principles of quantum computing, the different models and algorithms that have been developed, and the current state of quantum hardware. The power of quantum computing lies in its ability to solve certain types of problems exponentially faster than classical computers. For instance, Shor's algorithm can factorize large integers in polynomial time, posing a significant threat to classical encryption methods (Shor, 1997). Similarly, Grover's algorithm provides a quadratic speedup for unstructured search problems, showcasing the potential for dramatic improvements in database search capabilities (Grover, 1996). These algorithms exemplify how quantum computing can revolutionize fields that rely on complex computations. Quantum hardware, however, is still in its nascent stage, with significant challenges to be overcome. Current quantum computers, such as those developed by IBM and Google, have demonstrated quantum supremacy but are limited by issues of qubit coherence and error rates (Arute et al., 2019). Quantum error correction and the development of more stable qubit technologies are critical areas of ongoing research (Preskill, 2018). Despite these challenges, recent advancements in quantum hardware and algorithms continue to drive the field forward, promising transformative impacts on industries such as cryptography, drug discovery, and artificial intelligence. As quantum computing continues to advance, it holds the promise of solving problems that are currently intractable for classical computers, paving the way for unprecedented technological and scientific advancements (Shor, 1997; Grover, 1996). This article provides a comprehensive overview of the current landscape of quantum computing, discussing its foundational principles, key algorithms, hardware challenges, and potential applications. By understanding these aspects, we can better appreciate the profound implications of quantum computing for the future of technology and science.
Quantum computing is emerging as a transformative general-purpose technology with the potential to redefine entrepreneurial innovation across data-intensive and optimization-driven industries. By exploiting quantum mechanical principles such as superposition, entanglement, and quantum parallelism, quantum computers offer new computational capabilities that may surpass classical systems in solving complex problems. This paper examines quantum computing as a catalyst for entrepreneurial innovation, focusing on the strategic opportunities, market disruptions, and ethical challenges associated with quantum-enabled business models in finance, supply chain optimization, and healthcare startups. Through a cross-sectoral analysis, the study explores how startups can leverage hybrid quantum–classical approaches to accelerate decision-making, enhance predictive accuracy, and unlock novel value propositions. At the same time, it addresses critical concerns related to technological uncertainty, unequal access, data security, and responsible innovation. The paper argues that while quantum computing presents significant disruptive potential, its sustainable integration into entrepreneurial ecosystems requires strategic foresight and ethical governance frameworks alongside technological adoption.
There are signs that we are approaching a technical revolution that might take humankind’s computational capabilities to a new level. Quantum Computing leverages the principles of quantum mechanics, enabling the computational power to solve specific problems currently intractable for classical computers (e.g., cracking cryptographic keys). Since we are getting to a point where we can no longer build smaller, more powerful, more efficient devices with conventional methodologies, we need to think of new ways for technological progress. The manufacturing of microchips is reaching its limits in the use of traditional architectures. Hence, new and more advanced technologies need to address the challenges of increasing energy consumption and data processing. Connectivity, scalable architectures and concepts like Cloud Computing and Software-as-a-Service have already helped to scale computational-intense applications in the last years and have attracted the interest of IS researchers (e.g., Benlian et al. 2009 ; Benlian et al. 2018 ; Messerschmidt and Hinz 2013 ). Looking ahead to the next generation, computing will comprise technologies that enable high-performance applications far beyond today’s possibilities. One prominent example with a disruptive potential is Quantum Computing. While there are abundant open questions and directions for further developments, researchers in this area have made substantial progress in the last decade, indicating that, after medical imaging, lasers, and superconductors, another quantum-technological innovation might be approaching. We, therefore, intend to provide an overview of the current state of Quantum Computing research and outline how this new technology might stimulate research in Information Systems.
Quantum machine learning (QML) is an emerging field that synergistically combines quantum computing principles with classical ML techniques. With quantum principles like superposition and entanglement, QML has the potential of offering speedups for real-time optimization, classification, and generative modeling. While still in its infancy, QML has seen progress especially in hybrid quantum-classical algorithms, variational quantum circuits, and quantum kernel methods. Leading tech companies (IBM, Google, Xanadu) and startups are actively developing QML tools like Qiskit, TensorFlow Quantum, and PennyLane, enabling experiments on both simulators and early-stage quantum hardware. Recent breakthroughs include quantum advantage demonstrations in specific tasks, such as quantum-enhanced feature spaces and optimization problems. However, challenges remain due to noise in near-term quantum devices (NISQ era), limited qubit coherence, and significant error rates. Some researchers are exploring error-mitigation techniques and hybrid models that leverage classical ML to compensate for quantum hardware limitations. Key applications of QML that have shown promise include drug discovery and materials science (e.g., quantum chemistry simulations), finance (e.g., portfolio optimization and decision support), AI acceleration (e.g., quantum neural networks). While fault-tolerant and error-resistant quantum computers are still under development, QML is advancing through classical-quantum hybrid algorithms, making it a promising but rapidly evolving field. Investment from academia, industry, and governments suggests QML could play a transformative role in AI's future when hardware matures. This paper provides a primer on quantum principles as they relate to QML and takes a snapshot of the current status of QML development with an emphasis on quantum neural networks (QNNs) and highlights recent advances in automated QML (AutoQML).