Quantum Computing is the use of quantum-mechanical phenomena found in elementary particles to perform computation. It is a new way of computation which will allow us to solve problems that are unsolvable by the classical computers. Computers that utilize the power of quantum mechanics could provide revolutionary breakthroughs in human health and longevity, climate change and energy production, artificial intelligence, and more.
Why Now:
MIT developed The Quantum Economic Advantage Calculator to predict the future based on the current maturity of the Quantum Computing Technologies and potential use cases.
McKinsey’s research defines three areas of quantum technology – computing, communications, and sensing. By 2030, QC has an estimated market of up to $93 billion, QComms with $6 billion, and QS with $7 billion.
Quantum Computing is projected to become a $850 billion annually market by 2050 according to the Boston Consulting Group, and enterprises from industrial chemistry and materials through to finance and logistics which engage early stand to gain enormous first-mover advantages.
According to Google Quantum development. a useful, error-corrected quantum computer is within reach for humanity that we might be able to accomplish our goal within the decade.
According to Gartner Research: By 2027, quantum annealers will become viable for 20% of optimization problems, driven by qubit technology advances foundational to enabling gate-model systems.
The Future of Computer-Aided Drug Discovery Is Quantum. According to Deloitte Insight research, the average cost to develop a new pharmaceutical is nearly $2.2billion. A large portion of this cost is due to the inefficiency of pre-clinical research: it takes 10,000 small molecules initially screened to yield just 10 candidates for clinical trials, and fewer than 10% of clinical trial candidates result in a new drug. Large-scale quantum computers will offer many potential improvements to this process, including more accurate computational chemistry and effect modeling. Reducing the cost of development by just 10% would translate to a customer benefit of $200 million.
According to IONQ research publications, a leading Quantum Computing manufacturer, Chemistry and many other biomedical applications will be unlocked with a full-scale fault Tolerance by 2028.
According to IBM Quantum Roadmap, in 2025, powerful tools for developers will be able to deploy workflows seamlessly across both quantum and classical resources at scale, without the need for deep infrastructure expertise. Finally, at the very top of the stack, IBM plans to work with the partners and wider ecosystems to build application services into software applications, empowering the widest adoption of quantum computing. Video of IBM Quantum Roadmap
