Preparing for quantum: next steps for enterprise

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Investment in quantum technologies will grow from US$412mn in 2020 to US$8.6bn by 2027, according to research firm IDC. Organisations that get started now will have a significant competitive advantage over those that continue to wait until quantum computing is a proven technology. Nevertheless, the complexity of quantum hardware and software development are forcing organisations to invest significantly in elite quantum expertise just to explore quantum-possible use cases for their potential business value. Gordon Davey is Cloud Services (Microsoft) General Manager at SoftwareONE, a leading global provider of end-to-end software and cloud technology solutions. Davey said: "Quantum technologies within enterprises are expected to take off over the next five years, with forecasts estimating that the market will eventually be worth anywhere between $500mn to $29bn, according to IBM. The development of quantum computing is speeding up, and technology firms are partnering up with businesses to work on bringing out the first commercial applications. A great example of this is Goldman Sachs, who recently assembled a'full team dedicated to quantum computing', and JP Morgan, who is now looking to implement the use of quantum computers as well. Additionally, Willis Tower Watson has also partnered up with Microsoft to develop the potential of quantum computing."