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Quantum Computing: The Next Frontier
Prefer to watch a video? Join experts Tal David, CEO of Quantum Art and Georges-Olivier Reymond, CEO of Pasqal as they break down what is quantum computing and its groundbreaking implications. Watch the video here.
In today's rapidly evolving technological landscape, advances in our understanding of quantum mechanics - the science of dealing with the behaviour of matter and light on the atomic and subatomic scale, has ushered in a new era of innovation, giving rise to a diverse range of quantum technologies with widespread implications across industries.
Quantum computing is one of the key technologies under quantum, which also include applications such as including quantum sensors and quantum cryptography. According to a McKinsey report, the quantum computing sector had USD5.4B of investments in 2022 and the market is estimated to grow up to USD 93B by 2040.
Quantum Computing: 158 million times faster
Quantum computers present a leap in computational power compared to classical counterparts, with it representing an entirely different paradigm for both hardware and software.
While classical computers rely on a sequential approach whilst processing one path at a time, quantum computers harness the power of superposition and entanglement to explore all possible paths simultaneously.
To illustrate this, imagine classical computers as lockpickers meticulously attempting to unlock a complex combination lock. First, they have to individually manipulate each dial before testing various combinations until they chance upon the correct one. Now, envision quantum computers as lockpickers equipped with the ability to manipulate all the lock's dials simultaneously. They explore every conceivable combination in one go, swiftly pinpointing the correct one and leaving their classical counterparts in the dust.
This ability to multitask on an unprecedented scale enables them to solve problems in mere minutes, whereas it would take classical computers an impractical amount of time. Quantum computers today are estimated to be 158 million times faster than the most powerful supercomputer in the world today.
With such immense computational power, we’re now able to approach complex calculations that would previously unsolvable by classical algorithms. With this, quantum computing is a potent catalyst for transformative change across various sectors.
4 ways Quantum Computing could potentially change our world
One of the most promising applications of quantum computing is in drug discovery. Quantum computing offers a game-changing approach to drug development through advanced modelling and simulation. This not only speeds up the process but also enhances its sustainability by reducing the need for extensive physical testing, leading to more environmentally friendly research practices.
In medical research, quantum computing is akin to a detective with unparalleled deductive skills. It employs quantum search algorithms to meticulously scan DNA chains for anomalies, allowing us to understand diseases better and potentially unlocking innovative genetic therapies. This breakthrough technology expedites the identification of vital genetic markers and advanced treatment considerations.
In the realm of artificial intelligence and machine learning, quantum computing's inherent parallelism reimagines these fields. Quantum algorithms optimise neural networks, elevate natural language processing, and refine pattern recognition, ushering in a new era of sophisticated and precise AI systems.
Beyond that, quantum computing holds the potential to combat climate change and optimize energy distribution. Its prowess to handle complex computations can aid in the efficient distribution of electricity, reducing energy waste and enhancing sustainability. Furthermore, it plays a pivotal role in climate modelling and weather forecasting, enabling accurate predictions crucial for understanding and mitigating climate change. By handling massive amounts of data and running intricate simulations, quantum computers provides accurate and comprehensive prediction which helps us in understanding climate change and develop more effective mitigating or adaptive strategies. Evidently, quantum computing could be a key technology in expediting progress and innovation for the human race.
Is it here yet? The Quest for Quantum Supremacy
While the potential quantum computing is vast, limitations still exist and the real challenge lies in achieving quantum supremacy (or also known as quantum advantage). Quantum supremacy represents the point at which quantum computers surpass classical counterparts in specific tasks, and despite Google claims in 2019 of achieving quantum advantage (at least from a theoretical standpoint), the reality is harder yet to answer due to quantum error correction.
In the pursuit of quantum supremacy, two critical challenges stand in the way: error management when quantum scaling and ensuring signal stability when reducing quantum noise.
Quantum computers derive their power from the number of 'qubits' they possess. However, as more qubits are added, the likelihood of errors increases, akin to a juggler attempting to manage an ever-growing number of balls in the air.
Furthermore, quantum computers demand a clear and uninterrupted signal environment to function correctly. The reduction of 'quantum noise' is paramount in enhancing the reliability of quantum computers, much like ensuring a clear phone connection for a smooth conversation.
In the ambitious endeavour to scale quantum computing, the effective management of these challenges is required to unleash quantum computing's full potential.
Embracing the Quantum Age
With limitations in current quantum technology, it is estimated that quantum computers functioning at scale might still be a decade away, but the message is clear – the quantum age will soon be the future and enterprises should take steps to prepare for a quantum future.
With quantum computing, industries such as biotech will be revolutionised and businesses should think about technology transitions and change in business models. Cybersecurity and the securing of data will also be a new challenge, with current forms of encryption being obsolete in a world of quantum computers.
Embracing quantum technology today signifies readiness to confront the quantum challenges that awaits in the future.
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Quantum Art is a Vertex Ventures Israel portfolio company developing Israel’s first ion trap quantum computer.
If you’ll like to find out more about how you can prepare your business for a quantum future, can in touch with us at communications@vertexholdings.com
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