I am the CEO of Everest Group, a leading research firm I founded in 1991 with headquarters in Dallas and offices around the globe.
One of the questions enterprise CIOs ask us at Everest Group is how they can anticipate when quantum computers will impact their competitive capabilities. Quantum computers have the ability to perform complex calculations at unprecedented speeds. Thus, they will transform areas such as data encryption, network optimization, and artificial intelligence and will enable the offering of new services. As such, they cannot be ignored.
Model complex financial systems with a degree of precision and efficiency that current technologies cannot get close toEnable companies to solve complex problems with greater agility and foresight – even automatically or instantly What impact will it have on national security? What will the quest for global technological supremacy look like?The scientific principles of quantum mechanics, taken together, empower quantum bits to perform operations at speeds that classics computers cannot achieve. The goal is to generate multiple qubits all operating stably at the same time.
JPMorgan Chase is collaborating with IBM on initiatives using quantum algorithms for option pricing and risk analysis.Quantum computing enables the modeling of complex molecular structures at a scale that allows computing more and much faster.Companies such as IBM are researching quantum-resistant algorithms against the threat of quantum computers breaking traditional RSA encryption.
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