What does accenture recommend quantum computing early adopters do to gain a competitive advantage?

Dublin, May 10, 2022 (GLOBE NEWSWIRE) -- The ResearchAndMarkets.com's offering. Quantum Changes Everything: Protect Your Data Now, provides an in-depth status and review of quantum computing today, identifies key opportunities for its utilization in financial services, takes a deep dive into the challenges it represents to our data security, and makes recommendations both for its adoption and how to make plans to protect your data and that of your customers. Adversaries intercept and store encrypted data today for decryption in 5 to 10 years using quantum computers. To gain first-mover advantage, banks need the people and skills that can solve business problems using quantum computing. The primary finding of this research is that protecting your data against quantum should start today if that transmitted data will still be valuable in the next five years. Adversaries are recording data now for future decryption and exploitation. An additional finding is that quantum computing is already available through the cloud for optimization problems and new estimates suggest that universal quantum computing may be available in just 5 to 10 years, not 20 as is commonly thought. Financial institutions interested in having a first-mover advantage should start to develop the business and IT resources required for that now. This includes the acumen to select the appropriate business problems that will most differentiate the company and will benefit the most from quantum computing and the...

It’s not just financial investors. Governments and research centers are ramping up investment as well. Cleveland Clinic, University of Illinois Urbana-Champaign and the Hartree Centre have each entered into “discovery acceleration” partnerships with IBM—anchored by quantum computing—that have attracted $1 billion in investment. The $250 billion U.S. Innovation and Competition Act, which enjoys broad bipartisan support in both houses of the US Congress, designates quantum information science and technology as one of ten key focus areas for the National Science Foundation. Potential corporate users are also gearing up. While only 1% of companies actively budgeted for quantum computing in 2018, 20% are expected to do so by 2023, according to Gartner. Three factors are driving the rising interest. The first is technical achievement. Since we released our last report on the market outlook for quantum computing in May 2019, there have been two highly publicized demonstrations of “quantum supremacy”—one by Google in October 2019 and another by a group at the University of Science and Technology of China in 1 1 Though there are no hard-and-fast rules about what the terms mean, “quantum supremacy” generally refers to a quantum computer outperforming a classical computer on a defined mathematical problem, while “quantum advantage” is a quantum computer outperforming a classical computer on a problem of practical commercial value. Notes: 1 Though there are no hard-and-fast rules abou...

• Spending on quantum computing will surge from $260M in 2020 to $9.1B by 2030, according to Tractica report. • Enterprises should start preparing now as the technology continues to mature; waiting until quantum computing is mainstream will be too late. • Learn the four initial steps to help plan your quantum innovation journey and find ecosystem partners to accelerate it. Quantum computing technology is advancing rapidly, on track to enable vastly more complex business problems that can be solved through enhanced optimization, machine learning and simulation. This is bringing transformation potential to multiple industries, making it possible to discover new remedies in life sciences, improve wealth management scenarios in financial services, reroute supply chains in real time and more. However, a haphazard enterprise approach to quantum—such as researching only a single use case or proceeding without a cohesive strategy—yields exactly what you would expect: innovative sparks with no lasting business value. The quantum-fueled future will arrive with a sudden and rapid shift. Prepare your business now and take advantage of the growth potential the technology will provide as it continues to mature. Technology that has extreme disruption potential has historically proven to change the competitive landscape nearly overnight. Fast-track your journey with a cohesive strategy—including relevant use cases, an innovation roadmap, hardware/software partnerships and skilled talent—t...

New Study: 69% of Global Enterprise Executives Have Adopted or Plan to Adopt Quantum Computing in the Near Term Zapata Computing releases the first global report on quantum adoption in the enterprise, finding that the earliest adopters expect to achieve – or already have – some competitive advantage within a year. The majority of global enterprise leaders agree that those who fail to adopt quantum computing will fall behind. January 06, 2022 09:00 ET | Source: Zapata Computing Boston, Massachusetts, UNITED STATES BOSTON, Jan. 06, 2022 (GLOBE NEWSWIRE) -- Quantum computing has moved from the fringes to the core of the digital transformation agenda, according to a new global study, “The First Annual Report on Enterprise Quantum Computing Adoption, ” commissioned by Zapata Computing, Inc, a leading enterprise quantum software company. Quantum computing has become a priority, as 74% agree that those who fail to adopt quantum computing will fall behind. Those that wish to avoid falling behind are running out of time: among enterprises that have begun building quantum capabilities, 41% expect to achieve a competitive advantage — i.e., a lead over peers in their industry — within the next two years, while the top 12% of adopters expect to achieve some competitive advantage within one year — or already have. “Today, more organizations are realizing that quantum computing is the next frontier in their data analytics capabilities, and if they don’t want to lag behind, they need to s...

Quantum technology is rapidly advancing. Forward-thinking companies are already experimenting with cloud-based and hybrid quantum computing, positioning themselves to capitalize on the unique and powerful innovations that quantum will unleash. Business leaders who understand the potential ramifications of this game-changing technology—what it means on an industry and organization level—are already moving ahead.

The UK’s National Quantum Computing Centre has launched the SparQ applications discovery programme to help organizations explore the potential of use cases for quantum computing Exploring quantum: The SparQ programme will enable end users in industry and academia to work with quantum experts to develop application-specific algorithms and evaluate their suitability to run on quantum computers, now or in future. As part of the programme UK company Oxford Quantum Circuits will provide access to the latest release of its eight-qubit quantum processor. (Courtesy: Oxford Quantum Circuits) The first practical demonstrators of quantum computers have fuelled speculation about the future impact this emerging technology will have for both scientific discovery and commercial exploitation. Large-scale machines that can correct for the errors in quantum systems certainly have the potential to disrupt business models and drive innovation, but such fault-tolerant quantum computers are not likely to be realized at scale for at least another decade. The big question for companies right now is how much time and resource to invest in such a game-changing technology, but one that is still at such an exploratory stage. “Early adopters stand to gain expertise in quantum computing, allowing them to prepare their organizations for exploiting its potential ahead of more widespread adoption,” said Simon Plant, deputy director for innovation at the UK’s Plant was speaking at an event in May that was ...

Insurance underwriting is fundamentally a data-driven practice. With an increasingly interconnected world producing far more data than an individual human can process, computers and AI have come in to support data analysis and decision-making. Quantum computing has the potential to change the way the insurance industry uses data in underwriting, and beyond. While we’re still several years away from realizing the full capabilities of quantum computing, insurers need to take the future of quantum seriously for their present-day strategies. The cloud is the foundation for the successful application of quantum computing. Carriers need to strengthen cloud adoption and optimize the way they leverage the cloud to collect data in preparation for using quantum computing to get ahead. Why insurers should care about the possibilities of quantum computing Over the last several years, Accenture has been tracing the line of quantum computing innovation. Insights from our most recent Quantum computing allows us to solve problems that are too complex for classical computers. In this context, complexity refers to an almost unimaginably high volume of variables interacting in complicated ways. To use an example from the report: In logistics, a single trip with 16 stops has 20 trillion possible routes. A classical computer must work through every single possibility to find the most efficient route, which would take even the fastest computers decades to figure out. As innovations in quantum c...

The UK’s National Quantum Computing Centre has launched the SparQ applications discovery programme to help organizations explore the potential of use cases for quantum computing Exploring quantum: The SparQ programme will enable end users in industry and academia to work with quantum experts to develop application-specific algorithms and evaluate their suitability to run on quantum computers, now or in future. As part of the programme UK company Oxford Quantum Circuits will provide access to the latest release of its eight-qubit quantum processor. (Courtesy: Oxford Quantum Circuits) The first practical demonstrators of quantum computers have fuelled speculation about the future impact this emerging technology will have for both scientific discovery and commercial exploitation. Large-scale machines that can correct for the errors in quantum systems certainly have the potential to disrupt business models and drive innovation, but such fault-tolerant quantum computers are not likely to be realized at scale for at least another decade. The big question for companies right now is how much time and resource to invest in such a game-changing technology, but one that is still at such an exploratory stage. “Early adopters stand to gain expertise in quantum computing, allowing them to prepare their organizations for exploiting its potential ahead of more widespread adoption,” said Simon Plant, deputy director for innovation at the UK’s Plant was speaking at an event in May that was ...

It’s not just financial investors. Governments and research centers are ramping up investment as well. Cleveland Clinic, University of Illinois Urbana-Champaign and the Hartree Centre have each entered into “discovery acceleration” partnerships with IBM—anchored by quantum computing—that have attracted $1 billion in investment. The $250 billion U.S. Innovation and Competition Act, which enjoys broad bipartisan support in both houses of the US Congress, designates quantum information science and technology as one of ten key focus areas for the National Science Foundation. Potential corporate users are also gearing up. While only 1% of companies actively budgeted for quantum computing in 2018, 20% are expected to do so by 2023, according to Gartner. Three factors are driving the rising interest. The first is technical achievement. Since we released our last report on the market outlook for quantum computing in May 2019, there have been two highly publicized demonstrations of “quantum supremacy”—one by Google in October 2019 and another by a group at the University of Science and Technology of China in 1 1 Though there are no hard-and-fast rules about what the terms mean, “quantum supremacy” generally refers to a quantum computer outperforming a classical computer on a defined mathematical problem, while “quantum advantage” is a quantum computer outperforming a classical computer on a problem of practical commercial value. Notes: 1 Though there are no hard-and-fast rules abou...

Dublin, May 10, 2022 (GLOBE NEWSWIRE) -- The ResearchAndMarkets.com's offering. Quantum Changes Everything: Protect Your Data Now, provides an in-depth status and review of quantum computing today, identifies key opportunities for its utilization in financial services, takes a deep dive into the challenges it represents to our data security, and makes recommendations both for its adoption and how to make plans to protect your data and that of your customers. Adversaries intercept and store encrypted data today for decryption in 5 to 10 years using quantum computers. To gain first-mover advantage, banks need the people and skills that can solve business problems using quantum computing. The primary finding of this research is that protecting your data against quantum should start today if that transmitted data will still be valuable in the next five years. Adversaries are recording data now for future decryption and exploitation. An additional finding is that quantum computing is already available through the cloud for optimization problems and new estimates suggest that universal quantum computing may be available in just 5 to 10 years, not 20 as is commonly thought. Financial institutions interested in having a first-mover advantage should start to develop the business and IT resources required for that now. This includes the acumen to select the appropriate business problems that will most differentiate the company and will benefit the most from quantum computing and the...