Despite being at the nascent stage, quantum technology did make quite an entry into the technology industry. Quantum computers encompass four different components that make them unique from today's classical computers – quantum simulation, optimization, quantum artificial intelligence (AI), and prime factorization. Although, researchers said that the technology is making great strides by using deep learning for drug discovery, yet it cannot confirm whether scientific computing has the capability of reproducing high complex systems. Quantum computing can easily enable AI systems to make better prediction outcomes even during situations with a high number of outcomes. But with the help of quantum computing, we can now have certainty in predicting weather conditions.

The global quantum computing market is forecasted to grow by USD 7.35 billion through 2021 – 2025, says ResearchAndMarkets. Despite being at the nascent stage, quantum technology did make quite an entry into the technology industry. From achieving quantum supremacy to taking the first step toward the quantum brain, technology is becoming the talk of the town. The technology theory is still hypothetical in nature and there's still a long road ahead, but who can stop predictions. Also, predictions by McKinsey claim that organizations may reap great benefits from quantum computing in the next five years.

Following D-Wave's announcement of Leap 2, a new version of its quantum cloud service for building and deploying quantum computing applications, VentureBeat had the opportunity to sit down with Murray Thom, D-Wave's VP of software and cloud services. We naturally talked about Leap 2, including the improvements the company hopes it will bring for businesses and developers. But we also discussed the business applications D-Wave has already seen to date. Quantum computing leverages qubits to perform computations that would be much more difficult, or simply not feasible, for a classical computer. Based in Burnaby, Canada, D-Wave was the first company to sell commercial quantum computers, which are built to use quantum annealing.