Most non-techies have probably heard of quantum computing and know that it's "faster" than classical computing, but they probably don't know the details. Ultimately, for most businesses and consumers, the details of quantum computing don't matter.
The question they really want to know is: What can it do?
Quantum computing may have near-infinite possibilities, but what is most likely to spark the imagination of many ordinary people is the impact of quantum computing on the ongoing and pressing serious problems facing businesses and society as a whole. As it turns out, quantum computing may soon make everyday tasks easier and actually improve our quality of life.
Below, we will list some of the business functions and societal challenges that may soon be better managed through the power of quantum computing.
1) Health and Lifespan Prediction
According to PwC, disease and even mortality can be predicted more accurately and precisely using quantum computing. Simultaneous computing combines health data, genome sequencing, sensory data, and other information from devices and wearables to fully predict a person's future health and lifespan.
2) Creating new materials
Materials science and manufacturing processes will benefit from quantum computing, according to EY. The creation of new materials at the atomic and subatomic levels requires quantum computing to understand physical and chemical processes in nature and new manufacturing processes. By solving supply chain problems and developing new manufacturing methods, quantum computing will lead society and businesses down new paths.
3) Solution Analysis
Optimization problems arise in a variety of fields such as logistics, finance, healthcare, and manufacturing. To find the best solution among the many possibilities, we must consider multiple variables, constraints, and objectives. Quantum computing utilizes quantum bits, which can exist in multiple states at the same time and explore multiple possible solutions in parallel.
4) Drug Discovery
Quantum computers have the innovative potential to accelerate solutions to some of today's most intractable problems, including drug discovery, within realistic time frames. Hybrid quantum approaches, in which multiple variables are studied simultaneously by a quantum computer and fed into a classical environment, can assemble new combinations of molecules with high precision, thus facilitating the development of new drugs.
5) Mental Health Monitoring
The backlog of mental healthcare is a chronic challenge for individuals, businesses and society as a whole. Quantum computing can help solve this problem by helping clinicians identify potential risks, make diagnoses faster and easier, and get people in need of help faster to the care that meets their needs.
6) Weather forecasting
Quantum computing could greatly improve weather forecasting. Today's computers can't quickly process all the minute details that affect the weather. Quantum computers can analyze large amounts of data at once, leading to more accurate and faster predictions. This means we can get better warnings of storms or natural disasters, which can save lives and property.
7) Data Encryption
Quantum technology could revolutionize the way we protect important data. Most data is transmitted in encrypted form to prevent third parties from "sniffing" sensitive information. Quantum technology could render most current encryption methods ineffective and decode or break protected information in a short period of time; quantum encryption could be a more robust solution to protect sensitive data and defend against known attack methods.
8) Climate modeling
Climate modeling is one area where quantum computing can provide significant improvements. The climate system is highly complex and requires powerful computational capabilities to accurately model the interactions between the oceans, atmosphere and land. Quantum computing can enable more detailed and faster climate simulations through its ability to overlay and process information in parallel.
9) Genomic Data Analysis
Genomic data analysis is an important task in the healthcare field, but it requires a lot of computing power. Quantum computing has the processing power to analyze huge genomic datasets more efficiently than traditional computing. This will accelerate the development of personalized medicine, enabling tailored treatments based on a patient's unique genetic make-up, thereby improving patient outcomes.
10) Financial Risk Management
The power of quantum computing may overcome the difficulty of optimizing complex financial and risk management systems. Capable of handling massive amounts of data and complex calculations simultaneously, quantum computing can lead to better risk analysis, faster decision making and sophisticated investment strategies, thus revolutionizing the financial industry and promoting innovation.
11) Transportation Management
Quantum computing can help solve the problem of traffic congestion. By using quantum algorithms to predict and optimize traffic flow, it is possible to solve problems involving thousands of variables in parallel, which is beyond the scope of traditional computing. It is like having multiple traffic controllers working simultaneously to ensure that vehicles flow smoothly, thus improving the efficiency of the transportation system.
12) Disaster prediction and response
Quantum AI could revolutionize disaster prediction, including wildfire forecasting. It can enhance predictive models for natural disasters by analyzing complex data at unparalleled speeds. It can help with targeted resource deployment to minimize loss of life. This convergence represents a tangible advancement in people-centered community resilience and can foster trust in technology.
13) Energy Management
Quantum computing helps us promote sustainable development. Because quantum computers can do more work in less time (and thus use less energy), they outperform classical computers, which opens up more possibilities for conserving resources. In addition, by performing complex calculations at unprecedented speeds, quantum computing can be applied to tasks that optimize energy consumption, helping to reduce energy waste and improve overall energy efficiency.
14) Supply Chain Management
Quantum computing can revolutionize supply chain management by solving the intricate optimization challenges in supply chain management. The complexities of supply chain management include routing, storage and demand forecasting, where traditional computing falls short. Quantum computing is capable of evaluating a myriad of possibilities simultaneously, leading to unprecedented efficiency and optimization of supply chain operations.
Reference Links:
[1]https://www.forbes.com/sites/forbestechcouncil/2023/09/11/14-business-and-social-challenges-quantum-computing-could-impact/?sh=7cc0a5bd2b9f
[2]https://encyclopedia.pub/entry/51482
