PROMOTING QUANTUM COMPUTING RESEARCH AND APPLICATIONS
MULTI-BILLION A YEAR INDUSTRY BY 2040
Analysts predict quantum computing creates value of $450 to $850 Billion in 20 yearsSource: Boston Consulting Group
This is Quantum Computing
Quantum computers are incredibly powerful machines that take a new approach to processing information using the principles of quantum mechanics. There are currently problems that classic computers can’t solve. These generally involve exponential scaling such as large-scale optimization or chemistry simulations. Quantum computers are being built to work with classical computers to solve these problems.
Quantum computing has been pursued for decades in research labs and is still in early stages of development. However, prototype machines are today getting bigger and more capable, and significant advances are being made in quantum software development. Industries are just starting to explore the possibilities, and universities are beginning to develop quantum computing curriculums. Quantum computing has the potential to solve large-scale societal challenges in areas such as complex optimization, molecular modeling, machine learning, physics, materials science, chemical simulations and data discovery, and impact future breakthroughs in:
- Helping researchers create new medicines or materials
- Delivering (shipping, transporting) a product across the globe with the least amount of fuel
- Managing risk in constantly fluctuating financial markets
- Training artificial intelligence
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NC State Access Request
NC State students, faculty and staff interested in accessing the IBM Quantum Hub at NC State may request access by filling out the form at the below link.
Are you an NC State student, faculty or staff member interested in quantum computing? Access resources by visiting the below link.