Basic 101: Applications for Quantum Computing

Basic 101: Applications for Quantum Computing

From science to business: High-end quantum computer market will almost double by 2025

Key points…

+  The trend towards quantum computers has been steadily increasing in computer science since 2013. Morgan Stanley analysts predict that the high-end quantum computer market will almost double by 2025, reaching ten billion dollars a year. 

+  The development of quantum computers has experienced a strong upswing, especially since technology giants invested in and committed to the technology. In particular, announcements and market launches by IBM have been reported positively in the media.

Filippo Rizzante, CTO at Reply, comments on the new trend report: “We will see many innovations in information technology that are inspired by quantum computers. The race has begun for companies to develop quantum computing algorithms to solve problems that were previously considered insurmountable. Quantum computing puts an end to current encryption approaches and will lead to an unprecedented rise in artificial intelligence”.

+  The potential of quantum computers far exceed the current performance and consequently open a new era of knowledge. Whilst this is an exciting prospect, quantum computing could also pose a major threat to cybersecurity.

+  This means that the protection of commercial transactions and data transmissions must, in some cases, be completely redesigned. Quantum cybersecurity meets this challenge with sophisticated measures such as quantum key distribution, quantum-safe algorithms and so-called quantum random number generators.

+  Similarly, some in the logistics and transport sector are already taking advantage of quantum computing. This is demonstrated in the announcement by Daimler and Honda at the beginning of 2018 expressing their intent to acquire IBM quantum computers, as well as the growth in research investment by many aerospace companies into the role of quantum computing.

+  Volkswagen most recently announced the use of quantum computing in traffic management in January 2019.

Source:  HELPNETSECURITY.  Help Net Security,  From science to business: High-end quantum computer market will almost double by 2025…

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At The Qubit Report, our mission is to promote knowledge and opinion of quantum computing from the casual reader to the scientifically astute.  Because Quantum is Coming.

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