The emergence of quantum computing is expected to bring about a significant revolution in industry with potential benefits to society. As it approaches commercial feasibility, it is vital to comprehend its potential effects on productivity and growth.
Potential opportunities emerging with the advent of quantum computers
Quantum computers work by being able to both store and analyse information more efficiently compared to conventional digital computers. The advantage of quantum computers over digital computers comes from quantum information processing in which information is encoded in the quantum state of physical systems such as atoms, electrons and photons.
They are capable of processing information simultaneously and efficiently due to the unique properties of qubits. This allows them to excel in optimising and solving combinatorial problems, which are integral to many business and commercial operations. Additionally, they can simulate complex quantum mechanical phenomena that classical computers struggle to handle.
Link to full article: A Quantum Leap in Productivity: Preparing for the Future with Quantum Computing – The Productivity Institute