Three climate challenges facing the alcoholic…
Every few decades new technologies are invented that completely transform society in ways that were previously unimaginable. Undoubtedly, Quantum Computing is a technology innovation in this category.
We have launched the Quantum Lab at Sia Partners to invent solutions that are powered by Quantum Technologies that solve some of the biggest challenges faced by industries and society.
Our expertise in this space has been developed through several years of launching ventures, powered by early-stage Quantum Technologies in sectors such as Financial Services, Healthcare, Lifesciences, Energy and Manufacturing.
In this article, we cover:
In future articles, we will dive deeply into specific application areas of near-term Quantum Computing such as collateral optimization, enhanced risk modelling, derivatives pricing, personalized & precision healthcare, healthcare system logistics optimization and clinical trials optimization.
We will also be interviewing some industry leaders in these areas, so stay tuned!
Qubits are the fundamental units of Quantum Computers and manipulating Qubits is extremely hard. If you cup your hands together, you will accommodate space for approximately a trillion trillion atoms. Qubits are at a sub-atomic level and are dependent on the manipulation and measurement of the spins of photons or electrons. This needs to occur at cryogenic freezing temperatures (- 260 degrees Celsius) for these particles to be stable enough and in an ultra-high vacuum environment to prevent interference. Even then, error correction and error handling remain the biggest barriers to the scaling of Quantum processors.
Given the above, most people in the industry believe we are at least 3 to 4 years away from being able to solve problems of a scale needed to have benefit in the real world, using true Quantum Computing.
However, there is a class of early-stage Quantum Computing hardware approaches that can enable business advantage to be unlocked today. These include:
Using the techniques above, business advantage is possible today, for specific problems across industries. At Sia Partners, we have applied these techniques with highly successful results.
Additionally, the Quantum Software & Algorithms developed and executed on the Quantum Platforms above, can also on true Quantum Computing Hardware when available (with a little adaptation), and can thus harness the increasing power of Quantum Hardware as it matures.
Quantum Computers are not just ‘exponentially faster computers’ but they represent a completely new paradigm of computing technologies that can address specific problem types, that include:
From the above, applications in optimization are the most mature and that real world optimization problems can be solved before the other problem types.
That’s great, by why should we care?
When thinking about how Quantum Computing can impact various industries, it is worthwhile reflecting on the types of problems that can be resolved with this technology, essentially this technology can:
Understanding how Quantum Computing will change the world is like trying to assess the impact of the internet back in the early 1990s. Enormous numbers of possibilities come to mind and many potential applications haven’t even been imagined yet.
Optimization, simulation, machine learning and cryptography challenges exist in virtually every industry. In the coming weeks we will detail some of the key applications in Financial Services, Healthcare, Life Sciences, Energy, Manufacturing, Automotive & Logistics. Not only will be identify the use cases, but we will go deeper into elaborating how business advantage can be attained today using Quantum Inspired, Quantum Hybrid & Quantum Simulation techniques, while explaining how we have done this at Sia Partners.
Our Quantum Lab at Sia Partners can deliver business advantage today, using early-stage Quantum Computing technologies, while helping you achieve strategic advantage in the long term race for exponential value through Fault Tolerant Quantum Computing.
Do get in touch and let’s invent the Quantum Future together!