Quantum computing has evolved from an experiment to a tool to a piece of equipment that is currently advancing in its quest to solve complex problems.
Experts agree that the world has entered the ‘Quantum Decade,’ a period in which businesses begin to see the value of quantum computing.
The technology’s momentum is being validated by developments in equipment, software development, and administrations, which are preparing it for more breakthroughs in 2022 and preparing the market for the inevitable reception of this revolutionary technology.
The Quantum Race is in Underway
Quantum research and development has received more than US$25 billion in funding from governments around the world. Tech behemoths such as IBM, Google, Alibaba, Microsoft, Amazon, and a slew of other companies are vying to make quantum computing a common commercial tool.
For example, IBM announced plans to build a 1,000-qubit quantum computer by 2023, a first in the tech industry, and also broke new ground in November when it unveiled ‘Eagle,’ a cutting-edge processor that is reportedly the most remarkable quantum computing processor created by IBM thus far and could pave the way for a significant new path in IT. Letters in order built a 54-qubit processor called Sycamore and demonstrated its quantum unrivalled quality by completing an errand of constructing an irregular number in 200 seconds, which it claims would take a supercomputer 10,000 years to complete.
Bristlecone, the company’s most recent 72-qubit quantum computer, was also revealed. Alibaba’s cloud management assistant Aliyun and the Chinese Academy of Sciences collaborated on an 11-qubit quantum calculating administration that is now available to the general public on Aliyun’s quantum computing cloud platform.
Not only large technological businesses, but also well-funded start-ups have set their sights on developing quantum computing hardware, algorithms, and security applications. Rigetti, Xanadu, 1Qbit, IonQ, ISARA, Q-CTRL, and QxBranch are a few of them. Purported quantum incomparability, which occurs when a quantum computer does an estimation that no standard computer can perform in a reasonable amount of time, is one of the key goals that companies are now working toward.
Google also claimed in October 2019 that it had achieved quantum unmatched quality, however, this claim was contested. Some experts, such as Jim Clarke, Intel’s head of quantum hardware, believe that the true goal should be “quantum practicality,” as he told IEEE, referring to the moment when quantum computers can truly accomplish something new.
Furthermore, researchers believe that quantum computers will gradually and continuously reach the enterprise domain, performing tasks that would previously have been inconceivable.