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5 steps businesses can take now to get ‘quantum-ready’

 

Mon, 01/27/2025 - 12:00

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What will it take for businesses to become “quantum ready”, and what obstacles will they need to overcome to secure their quantum future? 

The promise of quantum computing is undeniable. Google’s recent launch of Willow, a state-of-the-art quantum chip, signals that industry and society are accelerating towards a quantum-powered future. 

With unmatched computing power, quantum systems can process vast amounts of data simultaneously, solving specific problems at speeds classical computers cannot match. 

That said, quantum computers are not a one-size-fits-all solution. Classical systems are better suited to tasks involving small datasets and sequential processing. 

At its core, quantum computers leverage the principles of quantum mechanics, particularly superposition and entanglement, to perform calculations beyond the reach of classical machines. By leveraging superposition, quantum computers can handle multiple computations at once, processing data in parallel and tackling complex problems exponentially faster. 

It excels at solving computationally complex problems, such as optimisation challenges, encryption, and cryptography, and it aids in the discovery of new drugs and materials. 

So what will it take for businesses to become “quantum ready”, and what obstacles will they need to overcome to secure their quantum future? 

These are questions that a recent closed-door roundtable discussion hosted at SGInnovate addressed. Seasoned tech writer, author, podcaster and co-founder of NewsonTech, Grace Chng, spearheaded the discussion alongside a panel of industry experts, exploring the actionable steps business leaders in industries like banking and healthcare ought to consider when gearing up for the quantum future.  

The 70-minute discussion focused more intensively on issues related to capability building, understanding business risks, harnessing open-source libraries, and deploying a defence in preparation for ‘Q-Day’.