Five Reasons to Learn About Quantum Technologies Today
Quantum Technologies utilize the laws of quantum physics to improve upon, and create new technologies. At Qubo Consulting Corp., we teach executives and organizational leaders about disruptive technologies emerging from the quantum industry. Why should you learn about these exciting new technologies? Here are Five Reasons to Learn About Quantum Today, in no particular order:
1. Investment
One reason to learn about Quantum Technologies right now is for investment opportunities. Presently, the Canadian government has committed $360 million to fund the National Quantum Strategy. This means that if you invest in a quantum startup, you can apply for the government to contribute as well, making your investment dollars go further. If you are looking for the next unicorn, Quantum Startups are a good place to look!
2. Data Security
A fully functioning quantum computer will likely be able to hack any classical public key encryption, like RSA. This means that the data we have stored today could be vulnerable to an attack at some point in the future. Please note, this is in the future. In order to protect data now, we can use a solution like Post Quantum Cryptography (PQC) or Quantum Key Distribution (QKD). Post Quantum Cryptography are complex mathematical problems that are supposed to be hard for both classical and quantum computers to hack. But unlike QKD, the security of PQC is not guaranteed by quantum physics, and you need a quantum computer to really test their effectiveness. Quantum Key Distribution is a different protocol that utilizes quantum properties to establish a shared key that is theoretically unhackable. Data encrypted using QKD should remain safe in a post-quantum world.
3. Opportunity
The rise of Artificial Intelligence (AI) and Machine Learning (ML) has made automation of complicated tasks possible. Quantum computers will likely evolve over time to become exponentially more powerful than classical computers. This means that it should be possible to tackle problems that aren’t possible on classical AI/ML. There’s also the potential of merging quantum with AI and ML. Quantum computers will be able to account for more variables than classical computers, and should be able to simulate more complex problems/systems that aren’t possible with today’s computers.
4. Competitive Advantage
Harnessing the power of Quantum Technologies will provide a first-mover advantage to those who invest early. There are already many applications in Quantum Computing, Sensing, Simulation, Memory and Communications. This could impact many industries, including Healthcare, Communications, Cyber Security, Finance, Transportation & Logistics, and Military. A competitive advantage could be gained with a reduction in costs, quicker delivery, enhanced inventory management, optimized logistics, secure communication, rapid drug discovery, etc.
5. Professional Development
What better way to challenge your business/organization than to learn about disruptive technologies that could impact your industry? Learning about the quantum industry, technologies, opportunities and risks is a good way to push outside of your comfort zone and experience growth: Both as an organization and as an individual. These emerging technologies are constantly improving and startups keep growing. It is best to be prepared by learning about the disruptive technologies that could impact your industry.
While the Quantum Industry is extremely exciting, it also comes with certain risks. There are many technical risks surrounding unknowns and not-yet-developed technologies. It is always a good idea to get a third-party opinion before investing your hard-earned money into a technology you don’t fully understand. Qubo works to protect businesses by offering independent consulting, education, and technical due diligence on Quantum Technologies, as well as educational and outreach consulting to Quantum Startups.
