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Quantum computing is an emerging technology that aims to harness the laws of quantum physics in order to solve problems that conventional computers can’t. A quantum computer leverages the properties of subatomic particles to perform calculations with power that’s far greater than the computers we’re all familiar with.
And as well as enabling rapid speed, that power means that quantum computers can perform multiple calculations at the same time – creating the potential to solve problems that have, until now, been unsolvable.
Quantum computers were first proposed in the 1980s, by Richard Feynman (American theoretical physicist) and Yuri Manin (Russian mathematician). It was a theoretical solution to the most embarrassing problem in physics: the reality that scientific progress was hindered by an inability to accurately model even relatively simple systems.
Quantum mechanics had been a field of study since the early 1900s, enabling significant leaps in the development of chemistry, condensed matter physics, and new technologies. But because simulating systems of even only a few interacting particles demands more computing power than any existing computer can provide, quantum mechanics has been limited by the speed and complexity at which humans are able to make calculations.
And that’s where the quantum computer comes in.
Powerful quantum computers have the potential to transform industries. If quantum computing reaches its full potential, it could enable the development of products and services that will redefine manufacturing – for example, with novel chemical discovery and rapid process optimisation.
In healthcare, quantum computers could help to discover drugs and new vaccines in a matter of days, rather than years; which could save lives and dramatically cut healthcare costs.
It could benefit cybersecurity by enabling more complex encryption; improve air space routes and robot paths to increase efficiency and cut costs in the transport industry; sort through massive datasets in a very short space of time; and help to discover new materials and improve the exploration of sustainable energy sources.
There are many more potential applications – in space exploration, defence, and more. The power provided by quantum computing has possible benefits to some industries that are currently impossible to measure; and it’s worth noting, too, that while this technology could solve problems faster than ever before, it’s also likely to introduce problems we’ve never encountered at all.
Recent developments in the study of quantum computing include:
Yes – functional quantum computers do exist, and some are capable of doing a little work. But as it stands, they’re a long way from fully operational models.
It hasn’t yet been possible to build quantum computers with a large number of quantum bits (qubits) – which are used to process information.
As of November 2022, the most powerful quantum computer in operation is IBM’s Osprey, with 433 qubits. This is a marked increase from the previous leader, Xanadu’s Borealis, which had 204 qubits. And according to IBM, it plans to scale up its quantum computing power to more than 4,000 qubits by 2025.
We’re still in the early stages, and a fully operational high-power quantum computer. But computer scientists are now making faster progress towards the goal of increasing the number of qubits – which is a promising sign that quantum computing research will lead to quantum-powered problem solving in the future.
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Discover recent investments in cloud technology, AI and automation, and robotics – key growth areas in retail tech.