Survey Finds Optimism That Quantum Computing Will Result in Competitive Advantage

A recent International Data Corporation (IDC) survey of IT and business personnel responsible for quantum computing adoption found that improved AI capabilities, accelerated business intelligence, and increased productivity and efficiency were the top expectations of organizations currently investing in cloud-based quantum computing technologies, the company said.

Initial survey findings indicate that while cloud-based quantum computing is a young market, and allocated funds for quantum computing initiatives are limited (0-2% of IT budgets), end-users are optimistic that early investment will result in a competitive advantage. The manufacturing, financial services, and security industries are currently the way by experimenting with more potential use cases, developing advanced prototypes, and being further along in their implementation status.

Complex technology, skillset limitations, lack of available resources, and cost deter some organizations from investing in quantum computing technology. These factors, combined with a large interdisciplinary interest, has forced quantum computing vendors to develop quantum computing technology that addresses multiple end-user needs and skill levels.

The result has led to increased availability of cloud-based quantum computing technology that is more easily accessible and user friendly for new end users. Currently, the preferred types of quantum computing technologies employed across industries include quantum algorithms, cloud-based quantum computing, quantum networks, and hybrid quantum computing.

International Data Corporation (IDC) is a global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. To learn more about IDC, visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn.