{"id":291,"date":"2023-08-04T11:07:11","date_gmt":"2023-08-04T10:07:11","guid":{"rendered":"https:\/\/www.gtaconnects.org\/?p=291"},"modified":"2023-08-04T11:07:11","modified_gmt":"2023-08-04T10:07:11","slug":"are-corporates-ready-for-quantum","status":"publish","type":"post","link":"https:\/\/www.gtaconnects.org\/are-corporates-ready-for-quantum\/","title":{"rendered":"Are Corporates Ready for Quantum?"},"content":{"rendered":"
In our previous article, \u2018Quantum is Now\u2019, we explored that quantum introduces a radically different computing paradigm which offers us the opportunity to build a better and smarter world for future generations to come. Quantum is moving at a great pace with 1,000 qubit quantum devices projected to be available over the next 12 months [1].<\/p>\n
As a direct result, business leaders are under increasing pressure to respond. If we are to harness the full power of this technology, corporates must move to understand it and begin to incorporate this technology into their strategies.<\/p>\n
Quantum-powered workflows have the potential to radically revolutionise enterprise processes – making them faster, more efficient and performant [2]. Quantum could save corporates significant costs in high-performance computing resources and data centre operations, while lowering their energy consumption profile. McKinsey estimates the potential value for these industries could lie between $300 billion and $700 billion [3]. Today, enterprises are starting to see the prospect of business value from quantum computing, with some early movers working alongside research partners to develop early use cases and application areas [3]. EY recently stated that as many as 48% of business executives believe quantum will play a significant role in their industry by 2025 [4].<\/p>\n
However, many corporates are not yet exploring quantum where they could be. Different industries are in different states of readiness – pharmaceutical, financial, and automotive industries remain some of those furthest ahead in their understanding of quantum, in comparison to healthcare, manufacturing and agriculture.<\/p>\n
In an ESG IT spending survey, a mere 11% of organisations indicated they were actively piloting quantum technologies, 17% said they were actively testing and 24% of organisations have begun research but remain years away from production applications [5]. During a recent IBM CEO study, 89% of over 3,000 C-suite executives did not cite quantum computing as a key enabler towards delivering business success over the next few years [2]. This raises questions around whether slow adoption is due to a lack of education or a lack of funding.<\/p>\n
So how could corporates actively prepare for the digital transformation brought by quantum?<\/p>\n
Accelerating the quantum transformation of corporates is not easy, but necessary. Corporates who do not keep up with this paradigm shift in computation risk falling significantly behind their competitors.<\/p>\n
<\/p>\n
References<\/strong><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" The GTA Quantum team asks Are Corporates Ready for Quantum?<\/p>\n","protected":false},"author":38,"featured_media":63,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"yoast_head":"\n\n