Quantum computing technology is advancing rapidly and is on track to solve extraordinarily complex business problems through enhanced optimization, machine learning, and simulation. Make no mistake, the technology promises to be one of the most disruptive of all time. In fact, I believe quantum computing will hand a significant competitive advantage to the companies that can successfully leverage its potential to transform their business and their industries. While quantum technologies are still maturing, companies are already preparing, with spending on quantum computing projected to surge from $260 million in 2020 to $9.1 billion by 2030, according to research from Tractica. Companies are pursuing the promise of quantum aggressively, as evidenced by the recently announced combination of Honeywell Quantum Solutions and Cambridge Quantum Computing.

… is on track to solve extraordinarily complex business problems through enhanced optimization, machine learning, and simulation. Make no mistake …