Futures By Design
Horizon scanning for SME
Insight No. Hskt 009
Quantum Computing Part 1
What is the issue?
Quantum computing is here: it is already having a massive impact on the speed at which things can be calculated. Take a simple idea like investing in a company, selling goods, finding customers. With no computers this is, today, hard to imagine doing. With ordinary computers and search engines we can get a lot further. But what if we could gather almost all available data and then ask the question we want answered? Well, that’s where quantum computing begins to get you. So it is thought we will see much faster development of drugs as we examine data about diseases and remedies; make a better investment decisions, revolutionise the way we run transport systems:
Quantum computing’s potential for significant speedup over classical computers1
Type of scaling | Time to solve problem | ||||
Classical algorithm with exponential runtime | 10 secs | 2 mins | 330 years | 3300 years | Age of the universe |
Quantum algorithm with polynomial runtime | 1 min | 2 mins | 10 mins | 11 mins | ~24 mins |
Why does it matter?
Any company will have suppliers, clients, customers, competitors. Like all the other parts of the digital revolution, quantum computing will affect these, soon - even if not your company now.
Who is providing this insight?
Coming soon to your business – Quantum computing Five strategies to prepare for the paradigm-shifting technology is published by the IBM Institute for Business Value. A copy is available from the FBD HSKT Horizon Scan store
Why may it matter for me?
Because more and more of your competitors, suppliers, clients, customers will be either developing tools and processes benefitting for quantum computing, or being affected by those used by their competitors, suppliers, clients, customers.
What can I do next?
The FBD Team can help you on your data-entrepreneurship journey contact us via www.futuresbydesign.net