- Quantum computing can be a tool to help enterprises navigate the ongoing disruption and complexity of today’s business world
- Quantum adoption is expected to grow substantially over next 15-30 years, practical quantum solutions are already here, and demand for quantum-ready talent is rapidly accelerating
- Governments around the world have developed quantum adoption and investment strategies
As businesses encounter challenging computational problems that classical computers are ill-equipped to solve efficiently, or at all, the value of quantum computing is becoming increasingly apparent. Quantum can be used to tackle data-intensive computations in the areas of logistics, artificial intelligence, materials sciences, drug discovery, scheduling, fault detection, financial modeling, and more, and businesses are planning to increase their near-term commitments to this nascent technology, per research from Hyperion Report.
In this context, business leaders should embrace a “quantum mindset” in order to more effectively navigate today’s ongoing disruptions and complexity, according to D-Wave Quantum (NYSE: QBTS) President and CEO Dr. Alan Baratz. In a recent article published on LinkedIn entitled Shifting to Quantum Mindset: Why the Time is Now, Baratz explains why he believes quantum computing is here to stay. He outlines how quantum computing is progressing on multiple fronts, generating significant market potential and talent demand, amid increasing business and government investments in the technology on a worldwide basis (https://ibn.fm/kNSo5).
“The imperative is to adopt a quantum mindset that is ever-present,” Baratz states. “Now is the time to bring quantum to the forefront of decision-making when it comes to tech investment, business operations, national and global competitiveness, and workforce development.”
With quantum popularity increasing, so does the need for talent capable of working with it. Although quantum physicists are a part of the rapidly developing technological landscape, anyone with a computer science background who can code in Python can get started working with quantum.
As various governments map out national quantum strategies and increase funding, they are also targeting quantum education and building quantum-hybrid solutions to solve public sector challenges. Countries including the UK, Canada, France, and India have recently shared updated quantum strategies that map out adoption and investment plans, showing their long-term commitments to the technology.
According to Boston Consulting Group, the quantum computing market will grow to between $450 billion and $850 billion over the next 15 to 30 years (https://ibn.fm/ZKwEn). Hyperion Research estimates that 80% of quantum early adopters are planning to increase their commitment to quantum in the next two or three years, with one-third of them expected to invest at least $15 million in quantum (https://ibn.fm/n2aGv).
D-Wave is working with customers to build commercial quantum-hybrid applications today. D-Wave’s relentless pursuit of practical quantum computing has resulted in the technology being used by some of the world’s most advanced enterprises. These customers include blue-chip industry leaders such as Volkswagen, Mastercard, Deloitte, ArcelorMittal, Siemens Healthineers, Unisys, Accenture, NEC Corporation, Pattison Food Group, DENSO, and Lockheed Martin.
For more information, visit the company’s website at www.DWaveQuantum.com.
NOTE TO INVESTORS: The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS
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