In our last blog post, we have introduced the idea of quantum computing and explained how it compares to computers as we know them.
The MIT claims a commercially valuable quantum computer is now only a matter of two to five years. With this in mind, it is now the time to explain the potential and explore the possible uses of this ground breaking technology.
Why is quantum computing important?
Due of their ability to work on many problems at once, quantum computers could be useful for solving computationally demanding problems – factorisation of large numbers, optimisation problems and complex machine-learning algorithms. Importantly, the computers should be able to provide the solution in a flash. Beyond this, these revolutionary machines may potentially be more energy efficient than our current computers.
What can quantum computers be used for?
The potential of quantum computing lies probably in the versatility of its possible uses. Their still-in-development super powers are likely to have a huge impact on such fields as cybersecurity, cryptography, physics, chemistry, engineering, manufacturing, material science, finance, energy, logistics, pharmaceuticals, healthcare, space exploration – you name it… In practice this may mean discovering optimal investments, or ideal ways of using resources, designing new materials, predicting behaviour of entities for better risk management, etc.
Beyond the interest of bog technology companies, such as Google, Microsoft and IBM, Deloitte reports both public and private institutions have become actively interested in the area. Barclays, Goldman Sachs, Airbus, NASA are all investigating possible uses of quantum computers in their fields.
Wide scale quantum computing is still some time ahead of us and it will surely not replace our regular PCs in the foreseeable future. Yet, with all the effort and money pumped into the field, its prominence and impact will surely be more profound than it was only yesterday.