From artificial intelligence to 5G, a technology that once seemed to belong in the realm of science fiction is beginning to affect our daily lives. The next science fiction crossover could be the quantum computer. Headlines on the accomplishments of supercomputers have popped up regularly in the past decade or so, with stories touting their help with problems ranging from predicting climate change to mapping the human bloodstream to defeating the champions of Jeopardy! With multi-dimensional representation, quantum computers leave supercomputers in the dust. In 2019, Google’s Sycamore, quantum computer took 200 seconds to perform a mathematical calculation that IBM’s Supercomputer Summit would have taken 10,000 years. Sycamore is 158 million times faster than Summit.
The rise of quantum computing is an exciting development that could affect many facets of human life. So what can companies and industry do with this technology? Here are eight Forbes Technology Council experts who envision quantum computing to revolutionize the way businesses work.
1. Utilities Management
The supercomputing of the future is ready to cause disruptive changes in the energy and utility industry. From the quantum network to cybersecurity, load pattern monitoring, leak detection and customer and employee analytics, technology will change the way billions of people use energy and water, and how utilities use these precious resources. I’m really happy to see these factors in play- Deepak Garg, Smart Energy Water
2. Advertising
Quantum Computing will help companies take advantage of extremely large data sets, optimize bid strategies for ads, and dramatically improve machine learning and artificial intelligence. All of this will improve real-time marketing strategies and allow advertisers to provide levels of ad personalization that would be unthinkable with traditional computer technologies- David Finkelstein, BDEX
3. Healthcare Research
Quantum computing will enable real-time health research. Future research will be driven by new types of simulations that bring together many types of data that were not previously combined, including sensors, images, genomics and real-world results. All of this data is continuously and dynamically updated. We will see the acceleration of drug discovery, proactive and predictive management of population health, and truly personalized (“N of 1”) medicine- Jennifer Esposito, Magic Leap
4. Supply Chain Management
The first impact of quantum computing on operations is likely in the supply chain. If Covid19 showed us anything, it is that global supply chains are complicated and tenuous. Quantum computing will enable companies to maintain supply chains with fewer disruptions – Kevin Parikh, Avasant
5. Pharmaceutical Development Â
Quantum computing works according to non-binary principles that are more similar to nature. In theory, quantum computers could develop personalized drugs faster for a person with a specific genome, age and environment. The permutations in this natural problem are large enough to require a new processing paradigm – Joe Rubinsztain, ChronWell, Inc.
6. Autonomous Travel
Quantum computing is capable of having a huge impact on businesses, governments and the individual lives of everyone in today’s society, from enabling intergalactic space flights to driving autonomous vehicles with AI, lightning-fast computing skills combined with the ability to generate results based of incredibly large amounts of data sets will be the differentiator for quantum computing – Marc Fischer, Dogtown Media LLC
7. Data Analysis
Quantum computing will significantly change the big data analysis process: quantum computers can interpret and analyze large data sets and perform data analysis on a more granular level than predictive machine learning algorithms can offer. Significantly, this will enable companies to generate useful insights for quick decision-making – Roman Taranov, Ruby Labs
8. Fraud Detection
The second revolution in quantum computing is here, but we still don’t know what this technology can do for a long time. The amazing computing power of quantum devices can take optimization, random testing, and machine learning to a new level. . In finance and cybersecurity, it means less risk and more power to detect fraud. In all industries, this means more efficiency in patient screening, supply chain management and more – Robert Strzelecki, Tender Hut
