Quantum Computing: Getting Ahead of the Curve
I recently had a discussion with Evolving Solutions CTO Michael Downs about quantum computing, an emerging technology that has been making headlines but remains mainly misunderstood. As with all of my conversations with Michael, this one was illuminating and provided me with insights that I think are worth sharing.
Quantum computing is on the precipice of significant breakthroughs. It represents significant potential, but unlocking that value requires a careful and strategic approach. As with any emerging technology, organizations must monitor developments to identify optimal timing and use cases for adoption that drive value.
Quantum computing operates in a fundamentally different way from standard computing. Traditional computers rely on binary bits, which are either on (1) or off (0). Quantum computers instead leverage qubits, which can be on, off, or in a superposition of both states simultaneously. This enables immense computational power but there are also currently limitations, including high error rates and fundamental physics challenges that must be resolved for quantum to reach widespread usability.
A number of major technology players, such as IBM, Microsoft and Google, are investing heavily to overcome these obstacles to develop a viable, reliable, and scalable quantum computing system. The consensus among experts varies, with some saying that within four to six years, there will be reliable quantum computing systems move beyond research institutions and into practical business applications, while others suggest it may be 10 – 20 more years.
Quantum computing mirrors the evolution of deep learning over 10 years. Microsoft identified the transformative impact of deep learning with GPT-style models starting in 2012. This evolved into sophisticated chatbots by 2022. Quantum computing is poised for a similar disruptive trajectory that may reshape industries and redefine computing’s potential.
Quantum computing presents significant opportunities, and companies that want to take a proactive approach should consider the potential for the following applications:
- Environmental organizations could utilize quantum-powered analysis to identify optimal ways to sequester carbon in significantly less time.
- Life Sciences organizations could develop medications customized to an individual patient’s physiology rather than relying on averages across a broader patient population.
- Logistics firms can streamline their supply chain by finding the most efficient way to move materials and products rather than relying on iterative, incremental improvements.
Companies were caught off-guard by AI. That technology rose to prominence so quickly that many were unaware of its development progress until ChatGPT debuted to the public in the fall of 2021. Many companies then felt compelled to spend on AI without even expecting a ROI: They needed to demonstrate they were investing in this rapidly flourishing technology and — hopefully — find something truly worth that investment. That’s instructive in regard to the importance of getting in front of quantum so companies don’t feel compelled to invest millions of dollars without a real understanding of what the desired return on that investment is.
By their ability to explore solutions to problems in a more efficient way than classical computers, quantum computers could lead to significant advances.
However, the same capabilities that create opportunities also introduce risks. The potential for quantum computing to break encryption standards is a legitimate concern. But organizations need to balance the security concerns and consider how quantum will integrate into their infrastructure to bring together traditional computing, AI, and quantum capabilities to drive business value.
As we are engaged in early conversations, our advice is that organizations should begin to consider how quantum may fit into their business strategy and then start to plan accordingly. Even organizations that don’t plan to implement quantum computing directly must still prepare for its adoption. Readiness is critical. Business models, workflows and IT operations should be built ready to integrate new technologies, including quantum.
Success in this changing landscape will require a focus on modern IT operations strategies that support both innovation and long-term business goals. Organizations that take a forward-thinking approach will be in a stronger position to capitalize on its transformative potential.
At Evolving Solutions, part of our role is to cut through the noise and identify the topics and trends that are important to our clients. We translate this into actionable insights that help our clients make more informed decisions about where to invest and how to prepare a future-ready business that drives value for their organizations.
