When Will Quantum Computing Arrive?
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Quantum computing was first proposed in the 1980s and is still not commercially available as of 2022, with mass adoption expected to take at least another decade. McKinsey & Company forecasts that the finance sector could see initial benefits from quantum computing by 2025, and predicts 2,000 to 5,000 working quantum computers by 2030. However, it may take an additional five years before these technologies can be effectively utilized in business due to significant hardware and software requirements.
When Will Quantum Computing Arrive?
- 1. COMPUTING ARRIVE? D o m e n Z a v r l WHEN WILL QUANTUM
- 2. DOMEN ZAVRL 2 The concept of quantum computing was first proposed in the 1980s. However, in 2022 we are still some way off from quantum computers becoming commercially available, at least in a format that can be adopted within business. Q U A N T U M C R Y P T O G R A P H Y Quantum Computing Forecasts Forecasts from McKinsey & Company suggest that we could see the first gains from quantum computing in industries such as finance by as early as 2025. However, according to their report, ‘The Next Tech Revolution: Quantum Computing’, a more realistic timeframe for mass adoption of the technology would be at least 10 years from now.
- 3. DOME N ZAVRL 3 TYPES OF COMMODITIES CAN BE BROKEN DOWN LOOSELY INTO TWO MAIN CATEGORIES: HARD AND SOFT. Quantum Computing for Business McKinsey & Company estimates that by 2030 there could be anywhere between 2,000 and 5,000 working quantum computers in the world. The report also suggests that it will be another five years from this point until these tools can be utilised for business, due to the extensive hardware and software requirements. The industry expected to gain the most benefit from the launch of quantum computing is the finance sector. In the spot market, traders make purchases and sales of physical commodities for delivery immediately. In the derivatives markets, traders deal in what are known as futures contracts, forwards and options.
- 4. DOMEN ZAVRL You can find out more about the impact of quantum computing on cybersecurity and the measures being developed to protect data by visiting the blog of Domen Zavrl.