Quantum computers are being developed at an accelerating pace and will bring huge changes. According to Fortune Business Insights, the global quantum computing market size was USD 392.5 million in 2020 and will grow to USD 3180.9 million by 2028. The technology may bring risks that we need to be prepared for, but it will also bring numerous benefits in a well-regulated environment.
Quantum computing technology exploits the quantum mechanical properties of matter to perform operations. It differs from the operation of conventional computers in that instead of bits it uses quantumbits, or qubits, which can be in quantum states 1 or 0, or in superpositions of states 1 and 0. Thanks to this incredible speed of operation, quantum computers can solve problems that a classical computer could not process in the life timeof our universe.
The spread of quantum computers will bring significant advances in areas such as science, industrial production, transport, finance and data security. Quantum computing is most often associated with advanced encryption, which can create much stronger codes than traditional computers, leading to much more effective and stronger protection of our digital values in the future.
We can also look forward to a promising future in disease research and drug development. Today, it takes more than 10 years for pharmaceutical companies to test a new drug and bring it to market, but quantum computing will significantly reduce this time and the associated costs. The car and aircraft industry are already familiar with quantum technology, which makes traffic much safer with advanced predictive solutions and automation. Even weather forecasts will be affected by quantum computing, which is able to work with much more data, so it is capable of more accurate simulations, thus saving the agricultural sector from significant expenses.
Even so, quantum computing technology could make our lives easier in many areas in the future. Companies need to prepare for the quantum era too if they want to stay ahead of the competition. But alongside the positives of the novelties, there are also risks being taken into account to avoid future problems. ViVeTech believes it is essential to keep abreast of trends, not only in the development of its cybersecurity solutions, but also in its day-to-day work with partners and clients.
Sources: investopedia.com and pluralsight.com
