Quantum Computing Is Already Here-Is Your Business Ready?
Long the stuff of blockbuster sci-fi, quantum computing promised to be the solution to a multitude of problems. As we fast approach the upper limit of what we can accomplish with conventional computing, major corporations have been pouring significant R&D dollars into quantum computing and developing partnerships with universities, trying to stay ahead of the inevitable curve. BCG’s 2021 report on their predictions for the field of QC are clear: the so-called "quantum advantage" that early adopters and investors of the technology will have over those who were late to the party will add up to a revenue difference in the potential hundreds of billions.
Don’t Get Left Behind
Whether your company would benefit from a quantum advantage in machine learning, simulation, cryptography, optimization, or all of the above, the best time to prepare for the quantum revolution is right now. But what does that preparation look like? IBM suggests in their Quantum Decade Report that once you have an awareness of the benefits of quantum, you should "find or nurture talent who is fluent in quantum computing". You might be thinking there’s a dearth of folks who fit that bill in the current talent pool, and you’d be absolutely correct. Fortunately, that’s where we come in.
The quantum algorithm design program from Classiq allows software engineers to become quantum software engineers instantly. At Classiq, we like to say that quantum algorithms are easy to explain, but hard to implement. It's not hard to explain how popular quantum algorithms work, but it's incredibly difficult to make quantum programs that run well and take full advantage of real-world hardware. To solve this pressing problem, we created a software platform that lets software developers describe how their quantum program should work and then automatically turn that description into an optimized quantum program.
Executing a Proof of Concept
Companies should work toward developing in-house quantum computing skills by using quantum simulators or cloud-based quantum computers in short prototyping cycles. From our extensive work with customers who are just starting out on their quantum journeys, we know that these proof of concepts need four things to go well: support from the top, a realistic plan, help from experts in the field, and the right partner.
1) Executive Support
To start your quantum journey, you need to get executive support. Early on, decisions about how to use quantum computing are often made from the top down. CIOs and CTOs who understand the strategic importance of quantum can help build a qualified QC team and give them the support they need. If you don't have this support from the top, your quantum journey might end sooner than you'd like.
2) Setting a realistic Scope
It can be very hard to decide what your quantum proof of concept will be about. It's important to remember that the goal of a proof of concept in quantum isn't always to solve a business problem right away. Instead, the goal is to develop quantum computing expertise, to compare the quality of the quantum computing solution with a classical solution and to set the stage for larger-scale efforts that actually solve real business problems. A proof of concept shows you how to break down a problem and write it in a way that a quantum computer could understand. Once you've mastered the process, you can direct your efforts towards immediate business problems.
3) Picking your Team
When putting together your team for these prototyping cycles, it's important to include both software engineers and experts in the field of the problem you're trying to solve. You want to make sure that the problems you are trying to solve are as close to real life as possible so that you can compare your progress to that of existing software to assess if QC can help your business. Hiring extenral consultants is fine, but make sure you also have internal folks that truly understand your business.
4) Finding the Right Partner
Last, it's important to choose a partner who has helped organizations like yours go through a similar process before, and whose business goals are the same as yours. Consulting firms make money by selling hours, so they may not have a vested interest in teaching you how to do things on your own. When you work with a product company, the best thing for everyone is for you to become an expert. One also wants to make sure that the IP developed in such a project stays with the company and does not become someone else’s property.
With the right partner and approach, integrating quantum computing into your business need not be intimidating. A proof of concept in quantum can be done in two or three months without spending a lot of money. On the other hand, not trying quantum could be a costly mistake and put you at a huge competitive disadvantage. So if you'd like to upskill your workforce and stay ahead of the competition, we strongly encourage you to incorporate quantum computing in your business's digital strategy - because that sci-fi future we dreamt of is already here.
To learn more about how Classiq can help you on your quantum journey, we invite you to visit us at classiq.io.