Quantum Computing: Unraveling a New World
Quantum computing enables us to improve our processing speeds, complexity, and volumes. This is akin to the reduction in computer sizes from occupying an entire room to the size of the computer in your pocket today. While we feel our computers today are powerful enough to meet our needs, quantum computers will help us in ways we don’t understand. They will help us unravel the mysteries and do things which we never could do before. There are only a few quantum computers which are shared among users.
You might have an idea about how a quantum computer works if you have been following our blog. This article will cover all its use cases and the value it brings to the table. Quantum computing can create simulations with an unprecedented level of scale and complexity where instead of carrying out real-life examples, which makes it transformative. Quantum computing can help in predicting how molecules behave and might help us to come to conclusions faster at much lesser costs. Read on!
Research and Development
R&D can help in advancing a nation and its economy and quantum computers might become essential for enabling great achievements in this area. Investments in quantum computing market today is forecasted at US$177 million, but the total revenues are expected to substantially increase to just over US$15 billion by 2028. It will help the companies in deployment and commercialising cutting edge technologies in the near future. Regular computers struggle with processing optimisation calculations for major R&D projects in the field of material science, medicine, nuclear physics, financial services, AI, weather, etc.
China’s satellite, Micius, is the foundation of the $100 million Quantum Experiments at Space Scale program, one of several missions that China hopes will make it a space science power on par with the United States and Europe.
Military
Quantum Information Science (QIS) applies the best understanding of sub-atomic world i.e. quantum theory to generate knowledge and technologies. It will help majorly to provide jobs and add to the economic and security benefits. They can help to enhance the material development, machine learning, general computing and give new perspectives. For all we know, there can be a new version of GPS that might change the entire landscape of military operations.
Finance
The finance industry has many areas where faster and more secure processing would be welcome. It would speed up the transaction process allowing institutions to scale their processing with less cost. It will help in forecasting changes in the finance industry and predict the financial health of a company. It will take into consideration many factors like technologies they are involved in, political environment, types of markets a company is addressing, the health of those markets, etc. to reach a final conclusion. Regular computers can do this but by the time they come to that conclusion, it might be too late in a state of crisis.
Cybersecurity
Hackers find a pattern to exploit your data. In a quantum computing paradigm, you will be able to create a completely randomised environment which will be hard to hack. So, when your data is exposed to the network, hackers will only be able to see random data to the point it is impossible to decrypt and exploit. You will be able to decrypt it if you have the entanglement key which can be shared with the recipients, which will help them to decrypt the information while they are navigating through the data.
Artificial Intelligence and Machine Learning
Processing of quantum computing can run through all assumptions, parameters and constraints at the same time, each being incorporated into the design and accepted and rejected concurrently. The days or even weeks taken by regular computers to run the experiments and tests will significantly get less. It will result in saving our valuable time and ensure the effective use of technology.
Machine Learning requires experimenting and recognising a pattern of large data sets, hence, machines will get smarter at a very fast rate.
Healthcare
It can be majorly used in drug synthesis. It would help us to understand various chemical ingredients and how they can be utilised to make a new type of pill. We will need to consider the microscopic features of different chemical ingredients, atom structure, their chemical and physical behaviours and how they interact with each other to create a drug effect.
Quantum computing will be able to determine how billions and trillions of atom interact with each other which is time-consuming to determine with a regular computer. It could predict a new drug phenomenon which will help us to expand our horizons and do what we couldn’t do before.
Quantum Computing will not replace the traditional computer but it will result in enhancing our horizons and make us explore doing something new, possibilities which were unimaginable using a traditional computer. We can see its uses in multiple industries and we sure will stumble upon more such uses of quantum technology in the future. Although those systems are non-fault tolerant right now, they will surely improve in due time.
