The development of quantum computers is well under way. Even though these machines are still in quite early development stages it will not be long before they become mainstream in many industries. Over the past few years, some remarkable milestones have been achieved by different tech giants in this field. For instance, Google was able to construct a quantum computer in 2019 which could do a mathematical calculation in 3 minutes 20 seconds, that would have taken a regular supercomputer 10,000 years to solve. The latest and the most advanced development has been the IBM Quantum Condor processor with a 1,000-qubit capacity. Quantum computing increasingly provides great opportunities to enterprises, especially in the field of new drug discovery, financial trading, and supply chain optimisations.
In this report we analyse the contexts in which quantum computing (potentially) has advantages compared to classical computing and the leading use cases for quantum computing.
The report highlights ways in which organisations can leverage the advantages of quantum computing already today and also talks about the technologies being leveraged today to apply quantum computing to practical problems and achieve enhanced results.
It discusses in detail the use, advantages, and disadvantages of quantum computers in the field of financial services, the insurance industry, medical and drug discovery, climate change, automotive, energy, and telecommunications, and how governments are investing into the technology to aid these developments.
