The financial industry, and all those it impacts, has much to gain from quantum computing, and can benefit from the thoughtful deployment of quantum sooner than any other industry. Whether a risk analysis justifies a family receiving a loan for which they would normally be rejected or an individual gains financial competence and independence through better pricing of assets or options, the benefits of quantum computing in the financial industry are far-reaching.
Dealing with an ocean of data, complex models and rapidly changing conditions is where quantum computers can provide assistance. Because of its ability to run numerous options in parallel, a quantum computer could theoretically take a few seconds to perform what a classical computer completes in many hours. The potential savings and competitive advantage of doing so cannot be underestimated.
Companies large and small are turning to quantum computing to achieve breakthrough competitive advantages in chemical, pharmaceutical and material sciences. Why is that the case? Understanding the properties of chemicals through numerical simulations has been a key enabler for chemical development. But modeling atomic interactions on classical computers quickly exceeds the computational capacity of even the largest supercomputers.
Quantum computing can help, generating significant competitive advantages to those that master this new technology.
Better batteries, improved supply chain, new materials and traffic pattern optimizations - these are just a handful of valuable applications for quantum computing in the automotive industry.
Manufacturing will soon be dramatically changed by quantum computing, from how products are designed to how they are fabricated and even the raw materials they are created from. The manufacturing industry makes up 16% of the global GDP and 14% of all employment, according to McKinsey. With quantum computing poised to have a significant global impact on the manufacturing industry, it's critical to understand what this impact will look like.