Suggestions for Implementing Quantum Comp in Business
I gave an interview to Brazilian IBM’s “Digital minds” series, which will be released in a few days.
There were several questions and there were other people in the discussion, but here’s a detailed answer, about one of the questions:
What suggestions would you have for CEOs and CIOs looking to implement a quantum computing strategy in business?
The main possible applications for all industries are: Cybersecurity / Simulation of chemical molecules / Optimization.
- Cyber: potential to break current cryptography / current race to adopt protocols resistant to quantum computer attacks.
- Simulation of chemical molecules: this is the original idea of Richard Feynman. To simulate quantum properties of atoms, why not use a quantum computer?
- Optimization: problems existente throughout the industry, such as vehicle routing, production sequencing, matching, trim of paper machine
It is a disruptive technology in the visible future. And there’s been a race to develop better and bigger computers. Ex. China X USA.
One day quantum computing will become as relevant as AI is today.
I see two major risks, in parallel with what is happening with Artificial Intelligence these days: 1) Lack of market experts and 2) Applications that claim to use AI but do not generate real value.
To minimize those risks:
1) Start preparing internal teams that understand the topic and master the business’s problems. Have people minimally tuned in to what is happening.
2) Bear in mind that it will take many years to reap results, but without the sponsorship of current companies it will be very difficult to achieve.
To give you an idea of the potential, I’ve jotted down some numbers from this McKinsey report.
The size of the $200 billion impact on the pharmaceutical industry. In Telecom, $50 billion.
Whoever manages to be prepared will be ahead of the others.