The quantum computing industry is rapidly evolving, with experts predicting significant advancements in the coming years. A recent roundtable discussion with approximately 30 quantum industry leaders and academics shed light on the current state and future potential of quantum computing. The economic landscape for quantum computing has seen promising growth over the past year.
A survey of industry leaders revealed a surge in the number of companies with fewer than six employees, while the number of companies with more than 100 employees also increased significantly. This suggests a dynamic market where new companies are entering, and existing ones are scaling up. More than 65 percent of industry leaders anticipate the arrival of fault-tolerant quantum computing by 2030.
The progress toward this goal is reflected in the rise of in-production quantum computing use cases, which increased from 33 percent last year to 55 percent this year. Quantum computing also raises new cybersecurity challenges that businesses must address early on. Most industry leaders suggest gradually implementing cybersecurity protocols, while some emphasize the need for immediate action.
Adopting a modular approach called “crypto agility” can help mitigate quantum cybersecurity threats.
Emerging trends in quantum computing
Quantum computing and artificial intelligence (AI) can benefit from a symbiotic relationship.
Quantum computing can accelerate AI processes and contribute to achieving artificial general intelligence, while AI can enhance the development, optimization, and practical applications of quantum computing. Building a sustainable quantum ecosystem requires talent development, effective collaboration models, and expectation management. Attracting and nurturing a skilled workforce, fostering collaboration between academia, industry, and government, and setting realistic expectations are crucial for driving sustained innovation.
Companies and educators need to start preparing now for quantum computing’s disruptive potential in the marketplace. Rensselaer Polytechnic Institute President Martin A. Schmidt emphasized the importance of readying the workforce for the impending advancements.
Alongside him, IonQ CMO Margaret Arakawa and IBM Senior Vice President and Director of Research Darío Gil discussed the timeline for quantum computing becoming mainstream, with predictions ranging from significant progress within two years to more integration by the end of the decade. Preparing for quantum computing involves not only technological readiness but also educating and equipping the workforce to handle and innovate with new quantum technologies. Proactive adaptation is crucial to fully leverage the potential of quantum computing and stay ahead in this rapidly evolving field.
