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31 Mar 2022

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New report helps companies prepare for first quantum technology based applications

Quantum technology-based applications are fast approaching commercial use. A recent study by the Capgemini Research Institute reveals that one in four companies is already preparing their IT and data center infrastructure for the use of quantum based applications or plan to do so soon.

According to the report Quantum technologies: How to prepare your organization for a quantum advantage now, China (43%) and the Netherlands (42%) have the highest proportion of companies working on or planning to work on quantum technologies, well ahead of Germany and the UK (both 26%), compared to 23% on average globally.

Applications

The Paris-based researchers claim quantum technologies are transitioning from research settings to real-world applications. Of the organizations working on quantum technologies, nearly 20% have reached the implementation stage (experiments or proofs of concept). The applications that companies are most interested in vary widely, from improving sustainability in operations, and finding new materials for batteries, to securing information, to medical sensors and mitigating harmful industrial gases. Companies in the financial services sector are using quantum technologies to more accurately price risky assets, optimize portfolios for better returns, and detect fraud. Quantum computing is also being used by Life Sciences companies to speed up drug development.

Three categories

Researchers have found that quantum computing is the most promising of all quantum domains, but is also the least mature. Investor interest, expanding use cases, and technological advances have accelerated the pace of development. Many organizations working on quantum computing believe that the first commercial applications of quantum computing will appear within five years.

On the other hand, quantum communications could meet the new requirements of information security, especially for the secure exchange of information with external parties, protection of critical infrastructure (IoT and cloud technologies) within the organization, or secure cloud data centers. Quantum cryptographic solutions have already been implemented. Despite this, 58% of organizations tackling quantum are waiting for new standards before prioritizing quantum-safe security.

Quantum sensors

Quantum sensors are discussed in the report as well. These sensors are more niche, but also more mature. Sensors are expected to play a transformative role across industries by becoming smaller, energy-efficient, and cheaper. This would support many promising digital economy projects. In sectors such as healthcare, defense, automotive, civil engineering, construction, oil and gas, space, and telecom, quantum sensors can improve measurement precision.

Photo credit: FLY:D

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