“Quantum Computing is an Emerging Technology”
    • Quantum Computing is heavily hyped and evolving at different rates, but it should not be ignored. It holds great promise, especially in the areas of chemistry, optimization, machine learning & AI
    • This technology is still in an emerging state, which means it is a good time for businesses to increase their understanding of potential applications and consider any security implications.
  • By 2023
    • 95% of organizations researching quantum computing strategies will utilize QCaaS to minimize risk and contain costs
    • 90% of enterprise quantum computing investments will engage quantum consulting organizations to help shape problems that can leverage quantum algorithms
    • 20% of organizations will be budgeting for quantum computing projects

Source: Gartner Top 10 Strategic Technology Trends & CIOs Guide to Quantum Computing

In the StepChange strategic leadership team we have personnel with a particular interest and awareness in Quantum Computing, sharing their knowledge and research in the domain for our clients who wish to explore the subject and eventual offering.

In 2020 and 2021, Andy Garner of StepChange has delivered many Quantum Computing insights to internal and external corporate associates of StepChange with resounding interest.

  • What is Quantum Computing?
    • In the last two decades of the twentieth century scientists combined Quantum Mechanics (the motion and interaction of subatomic particles) and Information Theory (computer science and communications) and obtained Quantum Information Theory
    • Quantum Information Theory includes Quantum Computing, Quantum Cryptography and Quantum Communication which explore the implications of using Quantum Mechanics to model and process information
    • Quantum Computing was suggested in a speech given by Richard Feynman in the early 1980s
  • What is a Quantum Computer?
    • A Quantum Computer is a device able to manipulate the states of quantum objects in a controlled fashion; the way an ordinary computer manipulates bits
  • Why do we need a Quantum Computer?
    • Conventional Computing is reaching its limit
      • Moore’s Law (1965 – Present)
        • No of Transistors in a chip doubles approx every 2 years resulting in a doubling of computer processing power
        • The size of Transistors is nearly approaching the size of an atom (e.g. 0.5-nm) which could be reached within a decade
        • The smallest transistors are around 2-nm (IBM May 2021)
        • Diameter of a human hair is approx. 100,000-nm (scale up to the Empire State building and a nm would be 0.5cm) 
      • Nature behaves very differently in the atomic realm and does not follow the classical deterministic laws of physics
    • Advance Humanity
      • Develop New Solutions e.g. Drug design, weather forecasting, self-driving vehicles and energy-efficient production of fertiliser
    • Solve Intractable Problems such as the Travelling Salesman

Next Steps … organise an awareness conversation with our team which includes: Data Scientists, academics in Physics, data modelling and applied mathematics to gain further insight into this domain.