For starters, quantum computing is fundamentally different from classical computing. Instead of relying on binary bits (ones and zeros), quantum computers use qubits, which can exist in multiple states simultaneously due to a phenomenon called superposition. This allows quantum computers to perform complex calculations at speeds unimaginable with today’s most powerful supercomputers.
Yet despite widespread media coverage, many leaders remain skeptical of allocating resources toward quantum. And to be fair, breakthroughs have been “just around the corner” for awhile, making it difficult to separate hype from reality. But this time, things are different. Hardware is improving, software infrastructure is stabilizing and scientists are increasingly optimistic. Quantum simulation is already transforming fields like physics, chemistry and biology. For example, quantum models of nitrogen fixation could potentially be used to improve fertilizer production, impacting world hunger. “If you can improve fertilization yield by just 1%, it could have a dramatic impact,” says Daniel Lidar, professor of electrical engineering and chemistry at the University of Southern California (USC) and a leading expert in quantum computing.
While quantum computers remain delicate, businesses are embedding quantum teams to prepare for real-world simulation applications before advancing to more complex problems like logistics and financial modeling. Scientists, including Lidar, are in the meantime continuing to refine error correction, which is considered a critical step in making quantum computing stable for future large-scale applications.
AI is playing a complementary role, accelerating some of quantum’s inherent challenges. “Companies cannot wait until it’s too late because then the internal institutional knowledge will be 10 years behind,” says Bert de Jong, director of the Quantum Systems Accelerator, one of five US Department of Energy National Quantum Initiative Centers. He warns that quantum is more complex than high-performance computing and AI and that failing to prepare now could leave industries at a serious competitive disadvantage. Many companies are heeding that warning, exploring quantum’s potential to augment classical computing.