What is a current concern regarding the advancement of quantum computing

Key points • Quantum technologies are expected to bring $6 billion and 19,400 jobs into the Australian economy by 2045. • Australia has a chance right now to develop quantum technologies in an inclusive and ethical way. • It’s important that everyone, from the boardroom to the classroom, is aware of and prepared for quantum technologies. Released in May 2023, builds on decades of pioneering research. It will tap into a $1 billion fund, to help generate commercial outcomes and position the country as a world leader in this field. Quantum computers will be orders of magnitude more powerful than the classical computers we use today. These technologies will be able to solve a whole different class of complex problems. They will revolutionise banking and finance, healthcare, infrastructure, and the way we communicate. For example, quantum computing could completely change how medicines are developed. They could simulate how drugs act on the body with impressive detail. This powerful technology could even help doctors predict the side-effects of new medicines before they even go to trial. But the stakes are high. And the risks are as big as the rewards. Now is the time to be tackling quantum’s ethical quandaries. Risks and rewards Dr Manolo Per is a quantum expert in our Data61 Business Unit. "Even the most powerful computers we use today would take thousands of years to break or weaken the encryptions that keep our personal data safe online," Manolo said. “But that a quantum co...

What Is Quantum Computing? Quantum computers take advantage of the very nature of quantum physics to create an entirely new computing paradigm, unlike the traditional 0/1 gated computers we have been using since the 1960s. Instead, they run on quantum bits (known as qubits), which can superpose and entangle themselves in order to perform multiple processes simultaneously. Quantum computing as we know it was greatly aided and inspired by a piece of mathematics named Shor’s Algorithm. Revealed by Peter Shor in 1994, Shor’s Algorithm provides a roadmap for using a quantum computer to aid in the factorization of prime numbers. The impact of this cannot be overstated, as both Not all aspects of our standardized cryptographic systems are subject to Shor’s Algorithm. Popular hashing algorithms, such as SHA-256 and symmetric encryption algorithms, including AES, do not rely on prime numbers and are therefore not at risk of being broken by quantum-computing-enabled attacks using Shor’s Algorithm. The approach to defeating these schemes using quantum computers was described by Lov Grover in 1996 using what is known as Grover’s Algorithm. Though Grover’s Algorithm does significantly reduce the time required for a quantum computer to defeat AES crypto and SHA-256 hashing using a brute force attack, the required time to break remains sufficiently long enough so these algorithms are not considered realistic attack vectors using foreseen quantum computing architecture and brute force att...

By • Senior Analyst Our personal and professional lives are reliant on technology. But the sensitive data we share and store online is more vulnerable to cyber threats than ever before. From credit card numbers and medical records to private messages and intellectual property, encrypting data is essential to safeguard our information from prying eyes and unauthorized access. Without encryption, we risk exposing our most valuable assets to malicious actors who seek to exploit our online vulnerabilities. What's driving the need for encryption? Encryption has never been more critical -- and the need for it will only grow as technology advances and our digital footprints expand. Concerns regarding existing encryption technology are driven by recent advancements in technology, along with changing attitudes toward privacy and security, including the following: • Cyber threats and attacks. Hacking, malware and ransomware continue to be a significant concern for organizations. While defenders have gotten better at detecting and preventing the original modus operandi of ransomware attackers, malicious actors are constantly adopting new techniques. New methods of disruption include data kidnapping, where attackers exfiltrate and encrypt enormous amounts of sensitive corporate data and demand a ransom to prevent public exposure. • Insider threats. Often overlooked are • Quantum computing. While not currently affecting organizations, the potential trouble quantum computing could cause...

Contents • 1 1.What is a use case factorization in quantum Computing? • 2 Q2.What does the term superposition refer to? • 2.1 Q3.How is a qubit in quantum computing different from a regular bit in classical computing? • 2.2 Q4.In quantum computing, what is the basic unit of information? • 2.3 Q5.Which element of Accenture applied quantum computing strategy directly delivers value to Clients? • 2.4 Q6.Which part of the drug discovery life cycle can quantum computing impact the most? • 2.5 Q7.What does it mean when we say that we are currently in the noisy, intermediate scale quantum computing stage? • 2.6 Q8.What is the purpose of “post-quantum” cryptography? • 2.7 Q9.Why might businesses be interested in using quantum computers? • 3 Q10.What is a current concern regarding the advancement of quantum computing? • 4 Q11.Which technology will quantum computing impact most significantly? • 5 Q12.How could quantum computing benefit the Financial Service Industry? • 5.1 Q13.Which problem is more classical effectively solved using qantum computing rather than classical computer? • 6 Q14.How can interference benefit a quantum system? • • 6.0.1 Q15.A trucking company is expanding its business and recently added 50 new trucks to its fleet delivering to numerous locations. The company is facing some challenges managing the new additions. Which of the company’s problems could be solved more easily using quantum computing? • 7 Q16.How will quantum computing affect artificial intelligenc...

What is quantum computing, how is it being used, and what are the implications for higher education? Credit: Bartlomiej K. Wroblewski / Shutterstock.com © 2022 The limitations of contemporary supercomputers, as well as the ramifications for academics and institutions worldwide, are drawing attention in the scientific community. For example, researchers may use current technology to perform more complicated simulations, such as those that focus on chemistry and the reactive properties of each element. However, when the intricacy of these interactions increases, they become far more challenging for current supercomputers to manage. Due to the limited processing capability of these devices, finishing these sorts of computations is nearly impossible, which is forcing scientists to choose between speed and precision while doing these studies. To provide some context for the breadth of these experiments, let's start with the example of modeling a hydrogen atom. With just one proton and only one electron in hydrogen, a researcher could easily do the chemistry by hand or depend on a computer to complete the calculations. However, depending on the number of atoms and whether or not the electrons are entangled, this procedure becomes more difficult. To write out every conceivable result for an element such as thulium, which contains a staggering 69 electrons that are all twisted together, would take upwards of 20 trillion years. Obviously, this is an inordinate amount of time, and s...

What is quantum computing, how is it being used, and what are the implications for higher education? Credit: Bartlomiej K. Wroblewski / Shutterstock.com © 2022 The limitations of contemporary supercomputers, as well as the ramifications for academics and institutions worldwide, are drawing attention in the scientific community. For example, researchers may use current technology to perform more complicated simulations, such as those that focus on chemistry and the reactive properties of each element. However, when the intricacy of these interactions increases, they become far more challenging for current supercomputers to manage. Due to the limited processing capability of these devices, finishing these sorts of computations is nearly impossible, which is forcing scientists to choose between speed and precision while doing these studies. To provide some context for the breadth of these experiments, let's start with the example of modeling a hydrogen atom. With just one proton and only one electron in hydrogen, a researcher could easily do the chemistry by hand or depend on a computer to complete the calculations. However, depending on the number of atoms and whether or not the electrons are entangled, this procedure becomes more difficult. To write out every conceivable result for an element such as thulium, which contains a staggering 69 electrons that are all twisted together, would take upwards of 20 trillion years. Obviously, this is an inordinate amount of time, and s...

By • Senior Analyst Our personal and professional lives are reliant on technology. But the sensitive data we share and store online is more vulnerable to cyber threats than ever before. From credit card numbers and medical records to private messages and intellectual property, encrypting data is essential to safeguard our information from prying eyes and unauthorized access. Without encryption, we risk exposing our most valuable assets to malicious actors who seek to exploit our online vulnerabilities. What's driving the need for encryption? Encryption has never been more critical -- and the need for it will only grow as technology advances and our digital footprints expand. Concerns regarding existing encryption technology are driven by recent advancements in technology, along with changing attitudes toward privacy and security, including the following: • Cyber threats and attacks. Hacking, malware and ransomware continue to be a significant concern for organizations. While defenders have gotten better at detecting and preventing the original modus operandi of ransomware attackers, malicious actors are constantly adopting new techniques. New methods of disruption include data kidnapping, where attackers exfiltrate and encrypt enormous amounts of sensitive corporate data and demand a ransom to prevent public exposure. • Insider threats. Often overlooked are • Quantum computing. While not currently affecting organizations, the potential trouble quantum computing could cause...

Contents • 1 1.What is a use case factorization in quantum Computing? • 2 Q2.What does the term superposition refer to? • 2.1 Q3.How is a qubit in quantum computing different from a regular bit in classical computing? • 2.2 Q4.In quantum computing, what is the basic unit of information? • 2.3 Q5.Which element of Accenture applied quantum computing strategy directly delivers value to Clients? • 2.4 Q6.Which part of the drug discovery life cycle can quantum computing impact the most? • 2.5 Q7.What does it mean when we say that we are currently in the noisy, intermediate scale quantum computing stage? • 2.6 Q8.What is the purpose of “post-quantum” cryptography? • 2.7 Q9.Why might businesses be interested in using quantum computers? • 3 Q10.What is a current concern regarding the advancement of quantum computing? • 4 Q11.Which technology will quantum computing impact most significantly? • 5 Q12.How could quantum computing benefit the Financial Service Industry? • 5.1 Q13.Which problem is more classical effectively solved using qantum computing rather than classical computer? • 6 Q14.How can interference benefit a quantum system? • • 6.0.1 Q15.A trucking company is expanding its business and recently added 50 new trucks to its fleet delivering to numerous locations. The company is facing some challenges managing the new additions. Which of the company’s problems could be solved more easily using quantum computing? • 7 Q16.How will quantum computing affect artificial intelligenc...

What Is Quantum Computing? Quantum computers take advantage of the very nature of quantum physics to create an entirely new computing paradigm, unlike the traditional 0/1 gated computers we have been using since the 1960s. Instead, they run on quantum bits (known as qubits), which can superpose and entangle themselves in order to perform multiple processes simultaneously. Quantum computing as we know it was greatly aided and inspired by a piece of mathematics named Shor’s Algorithm. Revealed by Peter Shor in 1994, Shor’s Algorithm provides a roadmap for using a quantum computer to aid in the factorization of prime numbers. The impact of this cannot be overstated, as both Not all aspects of our standardized cryptographic systems are subject to Shor’s Algorithm. Popular hashing algorithms, such as SHA-256 and symmetric encryption algorithms, including AES, do not rely on prime numbers and are therefore not at risk of being broken by quantum-computing-enabled attacks using Shor’s Algorithm. The approach to defeating these schemes using quantum computers was described by Lov Grover in 1996 using what is known as Grover’s Algorithm. Though Grover’s Algorithm does significantly reduce the time required for a quantum computer to defeat AES crypto and SHA-256 hashing using a brute force attack, the required time to break remains sufficiently long enough so these algorithms are not considered realistic attack vectors using foreseen quantum computing architecture and brute force att...

Key points • Quantum technologies are expected to bring $6 billion and 19,400 jobs into the Australian economy by 2045. • Australia has a chance right now to develop quantum technologies in an inclusive and ethical way. • It’s important that everyone, from the boardroom to the classroom, is aware of and prepared for quantum technologies. Released in May 2023, builds on decades of pioneering research. It will tap into a $1 billion fund, to help generate commercial outcomes and position the country as a world leader in this field. Quantum computers will be orders of magnitude more powerful than the classical computers we use today. These technologies will be able to solve a whole different class of complex problems. They will revolutionise banking and finance, healthcare, infrastructure, and the way we communicate. For example, quantum computing could completely change how medicines are developed. They could simulate how drugs act on the body with impressive detail. This powerful technology could even help doctors predict the side-effects of new medicines before they even go to trial. But the stakes are high. And the risks are as big as the rewards. Now is the time to be tackling quantum’s ethical quandaries. Risks and rewards Dr Manolo Per is a quantum expert in our Data61 Business Unit. "Even the most powerful computers we use today would take thousands of years to break or weaken the encryptions that keep our personal data safe online," Manolo said. “But that a quantum co...