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Majority of decision makers plan to harness quantum computing in near future

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Quantum computing, although far from readily available, is already considered a “powerful tool” for businesses with revenues of $1 billion and higher, claims a new report from D-Wave Systems.

The report states that large-scale businesses are turning towards quantum computing (opens in new tab) to solve problems with efficiency and productivity at an organizational level. They’re also looking to boost profitability, as well as solve large and complex business problems that can’t be solved with current technology.

More than a third of enterprises have abandoned projects within the last three years due to complexity, according to D-Wave, and almost all (97 percent) consider solving complex problems either very important or business-critical.

Businesses that haven’t already looked into the use of quantum technology risk falling behind the competition, many of whom are already exploring their options.

While 39 percent are already experimenting with quantum computing, more than eight in ten (81 percent) have an idea of how they might use the technology in the next three years.

“The study revealed that enterprises are interested in quantum computing (opens in new tab) and perceive it as providing a competitive edge. A surprisingly large number of organizations are already experimenting today, and the majority have use cases in mind for where quantum computing could make an impact,” said Owen Rogers, Research Director at 451 Research.

“Considering that enterprises are leveraging quantum computing to obtain a competitive advantage, those not experimenting now may be at a disadvantage in the future.”

“Respondents indicated that quantum computing isn’t just a mechanism for solving academic or theoretical problems – organizations’ interest in quantum computing is tied to driving a tangible, financial return.”

Sead Fadilpašić
Sead Fadilpašić

Sead Fadilpašić is a freelance tech writer and journalist with more than 17 years experience writing technology-focussed news, blogs, whitepapers, reviews, and ebooks. And his work has featured in online media outlets from all over the world, including Al Jazeera Balkans (where he was a Multimedia Journalist), Crypto News, TechRadar Pro, and IT Pro Portal, where he has written news and features for over five years. Sead's experience also includes writing for inbound marketing, where he creates technology-based content for clients from London to Singapore. Sead is a HubSpot-certified content creator.