Computers have come a long way, from basic and complex calculations to processors, applications, Artificial intelligence, and more. We went from abacus to large type of computers then to desktop, coming down to the portable laptops and mobile phones. And now, International Business Machine (IBM) has revealed the first commercial next-generation type of computing system which are quantum computers for business.
Calculations made by quantum computing are dependent on the likelihood of an object’s condition before measurement (similar to data science for business analysis). They can process exponentially more data compared to traditional computers, which only handle 1s or 0s.
The working principles of Q-Computing are based on research into the creation of computer-based technologies based on the concepts of quantum theory. The nature and behavior of matter and energy at the quantum (atomic and subatomic) level are explained by quantum theory.
Quantum Computers Vs Classical Computer
Quantum computers can make processes and compute orders of magnitude faster because they can consider large numbers of possible situations simultaneously. In classical computing, Data is encoded in a binary bit (every operation on your computer is processed in either 0s or 1s) which is done by the processing units like the CPU and GPU. In Quantum computers, data is encoded in quantum bits (which isn’t only in 1s or 0s but also both at a time). The quantum computer bits operate at a sub-atomic level which means the qubits can exist at many states at once which is called quantum superpositions.
The Qubits can also be linked and operate together in what is known as quantum entanglements (data can be represented as both 1 and 0). Quantum computers perform a series of operations by using the entanglement between qubits and superposition-related probabilities in such a way that certain probabilities are increased (for the most likely correct solution) or decreased (least possible). Which might make it possible to find incredibly quick solutions to some mathematical issues, such as the factorization of big integers.
However, one side disadvantage is that the quantum computing system uses much power and requires a cooler operation than classic computers. In classic computers, the air is enough to cool the CPU even at a heavy load, but in a Q-computer, cooling might require a temperature of up to -450ºF. This means, it has to be placed in a sealed stable area like a database, and can’t be used like laptops or desktops. Very much useful in commercial centers like industries with heavy operations and large IT companies.
General functions and Uses of Quantum Computers in Industries
Quantum simulations
Quantum mechanics is the branch of science that examines how matter and light operate on an atomic and deep subatomic scale. This greatly discourages scientists from investigating quantum mechanics. Quantum phenomena cannot be simulated or solved by conventional computers. It attempts to describe and explain the properties of molecules, atoms, and their component parts, such as electrons, protons, neutrons, and other less well-known particles. Scientists will be able to use the quantum computer to explore more of the quantum world of subatomic particles.
Cybersecurity
When we enter personal information online or use a credit card to make a purchase at an online retailer, our information is safeguarded by public key and encryption technologies. Both of these methods for digitally securing our data online are effective, and not even a traditional computer can break these cryptographic keys.
However, any key used in contemporary cryptography might be compromised by a quantum method known as Shor’s algorithms, rendering it insecure. We are safe since the quantum computer will soon be available to the whole public or be freely accessible by people. Additionally, this suggests that an algorithm may be reverse-engineered to make encryptions more secure against hackers.
Machine Learning
Similar to machine learning, quantum computers are capable of modeling several alternatives and predicting the most likely conclusion. A quantum computer’s capabilities combined with machine learning models will result in revolutionary robotic technologies. As a result, robots will react better, learn faster, and become even more autonomous in their ability to recognize objects on their own. Yes, Skynet robots might arrive soon.
Technology has always played a significant role in the macroeconomy and the world’s financial markets, and quantum computing will further strengthen this relationship. To anticipate and accurately predict the markets, the financial and commercial sectors utilize mathematical models and simulations similar to those used in data science. However, other areas still need improvement, such as the price of stock options, which calls for intricate calculations. In order to establish a more effective market where prices are as precise as feasible and to benefit investors, economists will employ quantum computing to enhance the process of determining stock prices.
Financial Industries
Quantum computing would only strengthen the technological dependence that has always existed between the macro economy and the world’s financial markets. The financial and commercial sectors utilize mathematical simulations and models, similar to those used in data science, to anticipate and accurately predict the markets. However, there are still issues with some areas, such as the price of stock options, which necessitates intricate calculations. To make the stock market more effective and to assist investors, economists will employ quantum computing to enhance the stock price calculation process.
Astronomy
Scientists can better grasp the universe’s smallest components with the aid of the quantum computer. As they don’t act according to the conventional physics orbital theory, they could be able to analyze black holes and neutron stars.
Why might businesses be interested in using a Quantum computers?
There are complex applications for businesses, especially in the finance sector which requires more power to run effectively. Quantum computers like “D-wave advantage” are made for business sectors to deliver performance that scales to in-production applications, and solve real-world business problems.
Quantum computing can aid businesses in general because it helps with tough combinatorics issues, supply chain logistics, optimization, finance, and market research. Businesses like Microsoft, IBM, Lockheed Martins, Intel, Honeywell, etc are already invested in quantum computing. Examples of the most recent commercial quantum computers are D-wave advantage CPUs and commercial quantum computers from IBM.
Quantum computers for business are quipped with more than 5000 Qubits and 35,000 couplers, the D-wave advantage is one of the most effective and easily accessible commercial quantum systems for businesses. Organizations may address more complex problems more rapidly since the QPU and Leap are built to handle large and many commercial applications and programs without breaking. Large companies and industries will have a major uptick in activity, and they will do better overall, especially in the financial and IT sectors.
