How Quantum Computing Will Help Solve Real-World Problems Much Faster

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Over the past couple of years, there has been a significant interest in Quantum Computing. It is one of the fast-emerging disruptive technology that can significantly impact many industries and societies. BCG estimates that quantum computing will touch $2-$5 billion by 2024, reaching $50 billion by the end of the decade. The technology is already witnessing exponential growth in its computing power as measured in "Quantum Volume" and is expected to grow further. The "quantum advantage" is likely to be realized in the next few years where real-world problems of consequence can be solved efficiently using a quantum computer that even the most giant supercomputer will not be able to achieve.  IBMPotential applications span multiple sectors including finance, healthcare, manufacturing to supply-chain and logistics. For...

IBM’s top executive says, quantum computers will never reign supreme over classical ones

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But, the quantum machines will work in concert with classical computers, building on each other's unique strengths, Gargi Dasgupta, Director, IBM research in India, noted. (Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click here to subscribe for free.)Crunch numbers fast and at scale has been at the centre of computing technology. In the past few decades, a new type of computing has garnered significant interest. Quantum computers have been in development since the 1980s. They use properties of quantum physics to solve complex problems that can’t be solved by classical computers.Companies like IBM and Google have been continuously building and refining their quantum hardware. Simultaneously, several researchers have also been exploring new areas where quantum computers can deliver exponential change.In...