Commercial applications of quantum computing
Rotman School of Management, University of Toronto, Toronto, Canada
2 Creative Destruction Lab, Toronto, Canada
3 Dept. of Physics & Astronomy, University of Waterloo, Waterloo, Canada
4 Perimeter Institute for Theoretical Physics, Waterloo, Canada
Accepted: 13 January 2021
Published online: 29 January 2021
Despite the scientific and engineering challenges facing the development of quantum computers, considerable progress is being made toward applying the technology to commercial applications. In this article, we discuss the solutions that some companies are already building using quantum hardware. Framing these as examples of combinatorics problems, we illustrate their application in four industry verticals: cybersecurity, materials and pharmaceuticals, banking and finance, and advanced manufacturing. While quantum computers are not yet available at the scale needed to solve all of these combinatorics problems, we identify three types of near-term opportunities resulting from advances in quantum computing: quantum-safe encryption, material and drug discovery, and quantum-inspired algorithms.
© The Author(s) 2021
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