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...

Quantum computing may be able to solve the age-old problem of reasoning

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The new technology can take partial information and produce intelligent inferences, according to new research from Cambridge Quantum Computing. Image: iStockphoto/a-image As artificial intelligence and machine learning algorithms have received attention for making accurate predictions--in everything from judging the outcome of human rights trials to predicting the winner of the Kentucky Derby to identifying cancer--another new technology has now been applied to the task of reasoning: quantum computing. In a new paper, scientists at Cambridge Quantum Computing exhibited how quantum computing, still a nascent field, can be useful in making practical decisions. The aim, according to the head of...