Quantum Software of 2020: In-Depth Guide

Quantum computing is an emerging area with significant potential, especially in the area of optimization problems. Since the quantum computing works with a different mechanism than classical computing, the software approach for quantum computing is also different. There are 2 types of quantum software: quantum software for optimization problems and classical computing software enabling quantum computing.

For more information about quantum computing, feel free to read our article.

What is Quantum Software?

2 types of quantum software are: Read more

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QC companies of 2020: Guide based on 4 ecosystem maps

Quantum computing, which has wide-ranging applications in optimization, research and cryptography, is driven by these organizations:

  • End-to-end solution providers
  • Quantum hardware builders
  • Software & services companies
  • Research labs
  • Companies that use quantum computers in their business (Not the focus of this article)
Quantum hardware is an emerging computing technology which relies on complex hardware. As in the early days of personal computing, there are companies specialized on hardware, software and end-to-end solutions. In the early days of computing, Apple built end-to-end solutions, while Microsoft specialized in software and many OEMs and IBM (Original Equipment Manufacturers) specialized in hardware and services. In addition to these, research labs (like the Bell Labs during the personal computing revolution) play an important role in driving research. In some market maps, technology enablers or subscription services are considered separate parts of the ecosystem, however we preferred to consider these as hardware or software providers. This division of companies is based on our research of 4 quantum computing ecosystem maps by leading companies in the space. If you want to know what quantum computing is before we dive in, feel free to read our comprehensive article on quantum computing. For more info on quantum computing (QC) companies:

Different Perspectives On Quantum Computing Ecosystem

In all 4 ecosystem maps on quantum computing, software and hardware vendors were identified. However, there are also significant differences between these ecosystem maps. BCG focuses on end-to-end providers, Tracxn includes research labs, Everest points out startups and Tractics focuses on use cases of quantum computing.

Because quantum computing is still a developing technology, it is difficult to draw definite limits in the ecosystem. When looking at quantum computing from different sides, different ecosystem maps can be prepared. Especially large companies can take place in different areas of the ecosystem at the same time. Read more

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Quantum Annealing in 2020: Practical Quantum Computing

Quantum annealing is beginning to be commercially available with today’s technology. It can be used to solve optimization problems more effectively than traditional computers. It is the most promising quantum technology for companies that have urgent optimization problems which take too long for traditional computers to solve.

There are different approaches to build quantum computing hardware such as universal gate model quantum computers or quantum annealers. Universal gate model quantum computing, also called general purpose quantum computing, is the most powerful and flexible type of quantum computer but it is hard to build and maintain the stability of qubits. Quantum annealers are the least flexible type of quantum computer in terms of application but it is easy to build a stable quantum annealing processor and qubits. Read more

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Quantum Computing Applications in 2020: In-Depth Guide

Recent development in quantum computing (QC), such as Google achieving quantum supremacy, increased interest in QC. However, there is little information on how quantum computing can impact businesses. Our research points to these areas of quantum computing applications:

  • Optimization
  • Research
  • Cryptography/espionage
  • Industry specific applications: Quantum computing is expected to have the most significant impact in finance, materials science and healthcare

Companies like Google, IBM and Microsoft are taking the first steps into providing quantum computing platforms. Many other companies aim to lead pioneering research in their areas of specialization thanks to quantum computing. For example Bosch aims to develop new energy storage and functional materials by using quantum simulations. Read more

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State of Quantum Computing in 2020 for Business Leaders

Spare yourself the trouble and delay learning anything about quantum computing until 2020 eoy unless you are working on:

  • a problem that is not solvable in reasonable time with current computers (e.g. building deep artificial neural networks with millions of layers or simulating molecular interactions). Such problems are common and almost all Fortune 500 companies could benefit from quantum computers
  • Cryptography, or at an intelligence agency or need to transmit nation or mega corporation level secrets
  • quantum computing (sorry had to be MECE)

If you are in one of these fields, quantum computing has the possibility to transform your field in a few years. If not, check back in 2020 eoy, technology may have progressed to the point that others may also need to learn about quantum computing.

As non-technical corporate leader, what should I do about quantum computing?

If you are working on cryptography, or at an intelligence agency or need to transmit nation or mega corporation level secrets, stop relying on cryptographic methods that rely on factoring large integers. There are already quantum-ready alternatives as we discuss in the use cases section. Read more

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