Quantum computing can revolutionize your business, industry and material design

What exactly is quantum computing and why should your business care?

Existing computational systems have come a long way since their early days, though, they still lack the computational power required to process and analyze dilemmas of epic proportions and complexities. An entirely new kind of computing is needed to solve the big challenges of our times and achieve the scientific and medical breakthroughs our era requires. Unlike traditional computers, quantum computers use quantum bits (qubits), which is an entirely new way of leveraging quantum mechanics, with the goal of extracting insights from information at unprecedented speeds.

Promising quantum computing applications

The principles of quantum computing are so radically different, and thus useful, that they can be applied to several scientific and humanitarian fields, where breakthroughs can be achieved through the power of rigorous computing and research. At this time, the power of quantum computing isn’t fully harvested or realized, yet, which is why many of the developments we are able to predict, remain hypothetical at best. But, once we can fully scale this promising technology, we would be able to diagnose diseases more quickly and accurately, discover new medications that prolong and save lives, and develop useful new elements and materials.

The following areas are those with the most potential to benefit from the power of quantum computers:

• Medicine and healthcare: improve the health and well-being of humans
• Finance: better planning for investments and retirement
• Architecture: better planning of buildings, infrastructure, natural resources
• Logistics and supply chain: better direction of resources
• Quantum chemistry: revolutionize existing elements
• Materials science and design: discover new molecules and materials
• City planning and traffic management: better manage public resources, improve livability in urban areas and megacities
• Quantum cryptography: enable new levels of digital security and encryption
• Quantum weather prediction: better forecasting of extreme weather, improved preparedness

 

How quantum computers will revolutionize materials science

Quantum computing technology puts humankind on the brink of another exciting revolution driven by technology and presents the possibility of disrupting many sectors and changing the world for the better. One area that is most certain to benefit from these advances is material science and design. By improving algorithms and analyzing chemicals, new drugs can be developed, along with creating more efficient devices and structures for new material design. Today, this isn’t possible by utilizing traditional computational methods and resources, as they are much slower and inefficient, and lack the capacity for the exponential computations required for new material discovery. Quantum computers will change all that by enabling lighting fast simulations that can efficiently test the viability of larger, more complex designs.

What’s inside the ‘quantum supremacy’?

The so-called quantum supremacy is now a well-established phenomenon. Even though quantum computers will not replace traditional computers and they aren’t applicable to every possible computer task, adding this technology to an organization’s tech stack is going to be very beneficial when it comes to boosting scientific and research capabilities that many industries and human lives ultimately profit from. The combination of quantum computing with AI and machine learning has the potential of producing results that have previously been impossible to achieve with current technology.

The future of quantum computing in materials science

No matter which field quantum computing is applied to, in the next decade it will be capable of rapidly processing large datasets, thus solving problems previously thought unsolvable, improving decision-making across the board, and revolutionizing the discovery of new molecules, drugs and materials.

Even though the technology is still in its early days, its potential has everyone in science, medicine, business, and industry very excited. We are yet to figure out how to best take advantage of its power and realize a competitive business advantage, though. These are questions that business and industry need to collectively start thinking about, sooner than later. According to a Gartner report, by the year 2023, 20% of organizations will have accounted for some sort of projects involving quantum computing and will be needing the experts to help them navigate the field.

Are you a future-minded CTO, interested in looking into quantum computing and its applications in business? Contact the Pegus team of experts

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