Quantum computing: the next great tech revolution?

Quantum computing has the potential to redefine processes and transform industries. With tech valuations at an all-time high, we believe now is the time to learn about any potential disruptive forces. Whilst progress has been slow and there have been many challenges, we are starting to see meaningful breakthroughs in the quantum space. There has also been an acceleration in mentions of the theme both by corporates and more broadly.

Quantum is not just an improvement on current methods but a tectonic shift, with extraordinary potential. Some numbers below show the vast quantity of compute that the industry is close to unlocking.

Picture a world where diseases are stopped before they spread, Alzheimer’s and cancer treatments are dramatically improved and ambulances always take the fastest route, saving numerous lives. Businesses could cut costs by optimising manufacturing and delivery, while modelling climate and energy systems with unprecedented efficiency. Financial institutions could also transform risk modelling and portfolio optimisation, unlocking smarter strategies.

However quantum also comes with significant risk. Data security as we know it could be compromised, bank details and government secrets exposed and cryptocurrencies face existential risks. AI could even surpass human capabilities, becoming harder to control and raising profound ethical and security challenges.