Will quantum technology transform the business world?

Will quantum technology transform the business world?

Quantum computing is an area that has been researched in the lab for decades. However, technological and scientific breakthroughs have meant it's quickly evolved into a force to be reckoned with.

While conventional electronic systems stores information as a value of 0 or 1, quantum computers use qubits to hold both simultaneously. This would completely transform the way in which data is processed. Microsoft claims that whereas current computers require tens of billions of years to solve the world's most challenging problems, quantum computers could do so in minutes, hours or days.

IBM has expressed similar views, believing that quantum computers will be used by "new categories of professionals and developers" who will "solve problems once considered unsolvable." They're being utilised across a plethora of industries, including cyber security, defence, healthcare, artificial intelligence and engineering.

In the UK, quantum computing has been highlighted as a technology that has the "potential to revolutionise revolutionise a range of industries". Recently, the British government launched a £150 million fund to support commercialisation of quantum technologies and announced investment in this area had surpassed £1 billion. The question is, are businesses really interested in this tech?

A technology revolution

Although quantum computers may sound like something out of a sci-fi movie, they're quickly becoming a reality. Maxwell Davies, from tech recruitment firm VHR, believes that they could allow for huge jumps in technology if harnessed correctly.

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Nicholas Fearn

Nicholas is a technology journalist from the Welsh valleys. His work has been featured on Engadget, Lifehacker, Gizmodo, TechRadar, The Next Web, Forbes, Computer Weekly, Computing, Mail Online, The Telegraph and many other media outlets. In addition, he edits Tech Dragons, a publication covering STEM in Wales.

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