Many of the world’s biggest mysteries and potentially greatest opportunities remain beyond the grasp of classical computers. To continue the pace of progress, we need to augment the classical approach with a new platform, one that follows its own set of rules. That is quantum computing. The importance of quantum computing is both understated and widely
over-hyped at the same time. Although it won’t replace conventional
computers, quantum innovation represents

**a new computing paradigm**. As quantum computing technology advances, clients are becoming increasingly curious about how it might impact their business. The intersection of industry and technology will be critical for clients to identify potential applications of quantum computing.The IBM Q Network is a collaboration of Fortune 500 companies, academic institutions, and research labs working together to advance quantum computing. IBM works with the sponsors, champions and stakeholders who will be influencers to drive initial conversations. Quantum sponsors are frequently found in a CIO or innovation group that focuses on new and emerging technology. They will be interested in discussing specific industry use cases where there is a high potential to leverage quantum for future business advantage. Mercedes-Benz and Daimler are working with International Business Machines Corp.’s quantum-computing division with the goal of deploying the next-generation computing power in certain use cases. The quantum computers are infinitely faster than supercomputers.There are 3 basic types of quantum computers, quantum annealers, analog quantum and universal quantum computers. Quantum computers operate in a very different way to classical computers. They take advantage of the unusual phenomena of quantum mechanics, for example where subatomic particles can appear to exist in more than one state at any time.
In September 2019, IBM became the first company to have a

**fleet of quantum computers**. IBM's 14th quantum computer is its most powerful so far, a model with 53 of the qubits that form the fundamental data-processing element at the heart of the system. IBM is competing with companies like Google, Microsoft, Honeywell, Rigetti Computing, IonQ, Intel and NTT in the race to make useful quantum computers. Another company, D-Wave, uses a different approach called**annealing**that's already got some customers, while AT&T and others are pursuing the even more distant realm of quantum networking. They are housed at the IBM Quantum Computation Center in New York. The Q System One is the first quantum system to consolidate thousands of components into a glass-enclosed, air-tight environment built specifically for business use. Click here for more infoMultiple IBM Q systems are housed at the IBM Quantum Computing Center in New York |

While traditional computers store information as either 0s and 1s,
quantum computers use quantum bits, or qubits, which represent and store
information as both 0s and 1s simultaneously. That means quantum
computers have the potential to sort through a vast number of possible
solutions in a fraction of a second. Qubits are kept at an extremely
cold temperature of

**1/100th the temperature of outer space**. This measure of temperature is called the Kelvin degree, and zero degrees Kelvin is called "**absolute zero**". IBM keeps its qubits at**0.015 degrees Kelvin**, while the brisk air on a freezing cold winter day is at 273 degrees Kelvin.Qubits are kept this cold to prolong their fragile quantum state. The longer qubits can be kept in a quantum state, the more operations can be performed on them while taking advantage of superposition and entanglement. So what's up with a quantum computer with 53 qubits? It stems from the hexagonally derived lattice of qubits that's advantageous when it comes to minimizing unwanted interactions. Quantum computing remains a highly experimental field, limited by the difficult physics of the ultra-small and by the need to keep the machines refrigerated to within a hair's breadth of absolute zero to keep outside disturbances from ruining any calculations.
Rigetti is racing against similar projects at Google, Microsoft, IBM,
and Intel. Every Bay Area startup will tell you it is doing something
momentously difficult, but Rigetti is biting off more than most – it's
working on quantum computing. All venture-backed startups face the
challenge of building a business, but this one has to do it by making
progress on one of tech's thorniest problems.

Within the next five years, Google will produce a viable quantum computer. That's the stake the company has just planted. "The field of quantum computing will soon achieve a historic milestone," They call this milestone "quantum supremacy." the world's biggest tech companies are already jockeying for their own
form of commercial supremacy as they anticipate a quantum breakthrough.
Both Google and IBM now say they will offer access to true quantum
computing over the internet (call it quantum cloud computing).after years spent developing quantum technologies, IBM is also trying to
prevent Google, a relative newcomer to the field, from stealing its
quantum mindshare. And it's still unclear whether the claims made by
these two companies will hold up. The future of quantum computing, like
the quantum state itself, remains uncertain. Rigetti is now entering the fray. The company launched its
own cloud platform, called Forest, where developers can write code for
simulated quantum computers, and some partners get to access the
startup's existing quantum hardware.

source |

Quantum can work in unison with current computing infrastructure to solve complex problems that were previously thought impractical or impossible. This can be paradigm-shifting. For example, the difficulty of factoring large numbers into their primes is the basis of modern cryptography. For the size of numbers used in modern public-private key encryption:On a conventional computer, this calculation would take trillions of years. On a future quantum computer, it would take only minutes. As getting more power out of classical computers for a fixed amount of space, time, and resources becomes more challenging, completely new approaches like quantum computing become ever more interesting as we aim to tackle more complicated problems.Quantum computing could be a way to revive the rate of progress [that we have come to depend on in conventional computers], at least in some areas. "If you can successfully apply it to problems it could give you an exponential increase in computing power that you can’t get” through traditional chip designs That’s because IBM see a future beyond traditional computing. For decades, computing power has doubled roughly every two years — a pattern known as Moore’s Law. Those advances have relied on making transistors ever smaller, thereby enabling each computer chip to have more calculation power. IBM has invented new ways to shrink transistors. IBM grew to its current size by leveraging the continued scaling of conventional computing. But ,that approach is finite, and its end is in sight. Now, times are not so good. “Underlying Moore’s Law is scaling, the ability to pack more and more transistors into a smaller and smaller space, At some point … you’re going to reach atomic dimensions and that’s the end of that approach.” The specter of a world in which silicon chips are not improving exponentially dubbed the IBM Q Network. We don’t lack computing power today, but you see Moore’s Law going into saturation.

A quantum system in a definite state can still behave randomly. This is a counter-intuitive idea of quantum physics. Quantum computers exist now because we have recently figured out how to control what has been in the world this whole time: the quantum phenomena of superposition, entanglement, and interference. These new ingredients in computing expand what is possible to design into algorithms. The word qubit has two meanings, one physical and one conceptual. Physically, it refers to the individual devices that are used to carry out calculations in quantum computers. Conceptually, a qubit is like a bit in a regular computer. It’s the basic unit of data in a quantum circuit.

Classical bits, that can only be 0 or 1, qubits can exist in a superposition of these states |

A

**superposition**is a weighted sum or difference of two or more states. For example, the state of the air when two or more musical tones sound at once. A "weighted sum or difference" means that some parts of the superposition are more or less prominently represented, such as when a violin is played more loudly than the other instruments in a string quartet. Ordinary, or “classical,” superpositions commonly occur in macroscopic phenomena involving waves.Quantum theory predicts that a computer with n qubits can exist in a superposition of all 2^n of its distinct logical states 000...0, through 111...1. This is exponentially more than a classical superposition. Playing n musical tones at once can only produce a superposition of n states.A set of n coins, each of which might be heads or tails, can be described as a probabilistic mixture of 2^n states, but it actually is in only one of them — we just don’t know which. However, quantum computers are capable of holding their data in superpositions of 2^n distinct logical states. For this reason, quantum superposition is more powerful than classical probabilism. Quantum computers capable of holding their data in superposition can solve some problems exponentially faster than any known classical algorithm. A more technical difference is that while probabilities must be positive (or zero), the weights in a superposition can be positive, negative, or even complex numbers.**Entanglement**is a property of most quantum superpositions and does not occur in classical superpositions. Entanglement is a core concept of quantum computing. In an entangled state, the whole system is in a definite state, even though the parts are not. In an entangled state, the whole system is in a definite state, even though the parts are not. Observing one of two entangled particles causes it to behave randomly, but tells the observer how the other particle would act if a similar observation were made on it. Because entanglement involves a correlation between individually random behaviors of the two particles, it cannot be used to send a message. Therefore, the term “instantaneous action at a distance,” sometimes used to describe entanglement, is a misnomer. There is no action (in the sense of something that can be used to exert a controllable influence or send a message), only correlation, which, though uncannily perfect, can only be detected afterward when the two observers compare notes. The ability of quantum computers to exist in entangled states is responsible for much of their extra computing power.

One important factor is: Physical qubits are much more sensitive to noise than transistors in regular circuits. The ability to hold a quantum state is called coherence. The longer the coherence time, the more operations researchers can perform in a quantum circuit before resetting it, and the more sophisticated the algorithms that can be run on it. To reduce errors, quantum computers need qubits that have long coherence times. And physicists need to be able to control quantum states more tightly, with simpler electrical or optical systems than are standard today. A quantum computer will need about 200 or so perfect qubits to perform chemical simulations that are impossible on classical computers. Because qubits are so prone to error, though, these systems are likely to require redundancy, with tens or perhaps hundreds of faulty qubits doing the work of one ideal qubit that gives the right answer. These so-far-theoretical ideal qubits are often called “logical qubits” or “error-corrected qubits.” . So, It doesn’t make sense to increase the number of qubits before you improve your error rates.

A leap from bits to qubits: this two-letter change could mean entirely
new horizons for healthcare. Quantum computing might bring supersonic
drug design, in silico clinical trials with virtual humans simulated
‘live’, full-speed whole genome sequencing and analytics, the movement
of hospitals to the cloud, the achievement of predictive health, or the
security of medical data via quantum uncertainty. Quantum computing could enable exponential speedups for certain classes of problems by exploiting superposition and entanglement in the manipulation of quantum bits (qubits). One such example is using quantum computing in Artificial Intelligence space, we can implement an optimisation algorithm(s) which can use the properties of superposition and help in speeding up the optimisation problem which can eventually lead to better and faster learning algorithm(s).

**Quantum encryption**, as its name suggests, relies on the quantum properties of photons, atoms, and other small units of matter to secure information. In this case, the physicists used a quantum property of photons known as polarization, which more or less describes the orientation of a photon. For the teleconference, they assigned photons with two different polarizations, to represent 1’s and 0’s. In this way, a beam of light becomes a cryptographic key they could use to scramble a digital message. If implemented the way physicists first envisioned it back in the 1980’s, quantum encryption would be unbreakable. The protocol is a bit complicated, but it essentially involves the sender transmitting photons to the recipient to form a key, and both parties sharing part of the key publicly. If someone had tried to intercept it, the recipient’s key would not match the sender’s key in a specific statistical way, set by rules in quantum mechanics. The sender would immediately know the key was compromised. Physicists also see quantum encryption as an important tool for when quantum computers finally become functional. These quantum computers—or more likely, the ones to follow a few decades later—could bust the best encryption algorithms today. But no computer could crack a properly quantum-encrypted message. Key words: properly encrypted. When physicists started to actually build quantum networks, they couldn’t achieve their vision of perfect quantum encryption. It turns out, sending photons thousands of miles across the world through free space, optical fiber, and relay stations, all without corrupting their polarization, is extremely technically challenging. Quantum signals die after about 100 miles of transmission through optical fiber, and no one knows how to amplify a signal yet. The best quantum memories today can only store a key for a matter of minutes before the information disappears. So Pan’s group had to incorporate conventional telecom technology to propagate their quantum signals. At several points in their network, they had to convert quantum information (polarizations) into classical information (voltages and currents) and then back into quantum. This isn’t ideal, because the absolute security of a quantum key relies on its quantum-ness. Anytime the key gets converted into classical information, normal hacking rules apply.

Quantum computers working with classical systems have the potential to solve complex real-world problems such as simulating chemistry, modelling financial risk and optimizing supply chains. One of the areas they’re applying their technology is chemistry simulations, for example to understand how materials behave and how chemicals interact. One particularly interesting problem is designing the chemical composition of more effective batteries. These could be used in the next generation of electric vehicles. Exxon Mobil plans to use quantum computing to better understand catalytic and molecular interactions that are too difficult to calculate with classical computers. Potential applications include more predictive environmental models and highly accurate quantum chemistry calculations to enable the discovery of new materials for more efficient carbon capture.

JP Morgan Chase is focusing on use cases for quantum computing in the financial industry, including trading strategies, portfolio optimization, asset pricing and risk analysis.

Accelerating drug discovery through quantum-computing molecule comparison :Molecular comparison, an important process in early-phase drug design and discovery. Today, it takes pharmaceutical companies up to 10+ years and often billions of dollars to discover a new drug and bring it to market. Improving the front end of the process with quantum computing can dramatically cut costs and time to market, repurpose pre-approved drugs more easily for new applications, and empower computational chemists to make new discoveries faster that could lead to cures for a range of diseases

Use case for quantum computers is the design of new materials and drugs |

Revolutionizing the molecule comparison process Quantum computing has the potential to change the very definition of molecular comparison by enabling pharmaceutical and material science companies to develop methods to analyze larger-scale molecules. Today, companies can run hundreds of millions of comparisons on classical computers; however, they are limited only to molecules up to a certain size that a classical computer can actually compute. As quantum computers become more readily available, it will be possible to compare molecules that are much larger, which opens the door for more pharmaceutical advancements and cures for a range of diseases.

Discovering new battery materials could “unlock a billion-dollar opportunity for Automotive industries. This

**case**could simulate the actual behavior of a battery with a quantum computer, which is currently not possible with existing computer power. Daimler joins other automotive companies experimenting with quantum computing’s potential applications. Ford Motor Co. is researching how the technology could quickly optimize driving routes and improve the structure of batteries for electric vehicles. Volkswagen AG is developing a quantum-computing-based traffic-management system that could be offered as a commercial service. It also is interested in developing more advanced batteries. Today, battery development and testing is a physical process that requires experts to build prototypes first because there is no simulation software. A quantum computer could help Mercedes-Benz find new materials or combinations of materials that could result in better electrochemical performance and longer life cycles of batteries. Some of those innovations could include organic batteries, which could be safer, energy efficient and environmentally friendly.**Full-Scale Fault Tolerance**

The third phase is still decades away. A universal fault-tolerant quantum computer is the grand challenge of quantum computing. It is a device that can properly perform universal quantum operations using unreliable components. Today's quantum computers are not fault-tolerant. Achieving full-scale fault tolerance will require makers of quantum technology to overcome additional technical constraints, including problems related to scale and stability. But once they arrive, we expect fault-tolerant quantum computers to affect a broad array of industries. They have the potential to vastly reduce trial and error and improve automation in the specialty-chemicals market, enable tail-event defensive trading and risk-driven high-frequency trading strategies in finance, and even promote in silico drug discovery, which has major implications for personalized medicine.

Now is the right time for business leaders to prepare for quantum. The conditions are in place to experiment and expand this fundamentally new technology. Organizations that seek to be at the forefront of this transformational shift will seize competitive advantage. Rigetti—like Google, IBM, and Intel—preaches the idea that this advance will bring about a wild new phase of the cloud computing revolution. Data centers stuffed with quantum processors will be rented out to companies freed to design chemical processes and drugs more quickly, or deploy powerful new forms of machine learning.Over the last decade, banks and government institutions in multiple countries including the US, China, and Switzerland have dabbled in quantum encryption products, but Christensen suspects that the technology will be niche for a while longer. Because the technology is so new, the costs and benefits aren’t clear yet. IBM Q Network is working with 45 clients, including startups, academic institutions and Fortune 500 clients. Large enterprise clients are investing in the emerging technology now so they will be prepared when a commercial-grade quantum computer comes to market, capable of error-correcting and solving large-scale problems. With all this promise, it’s little surprise that the value creation numbers get very big over time.

-----------------

**Reference:**

https://www.ibm.com/thought-leadership/innovation_explanations/article/dario-gil-quantum-computing.html

Dario Gil, IBM Research : https://www.youtube.com/watch?v=yy6TV9Dntlw

https://www.youtube.com/watch?v=lypnkNm0B4A

https://fortune.com/longform/business-quantum-computing/

https://www.wired.com/2017/03/race-sell-true-quantum-computers-begins-really-exist/?mbid=BottomRelatedStories

https://www.wired.com/story/quantum-computing-factory-taking-on-google-ibm/?mbid=BottomRelatedStories

https://www.wired.com/story/why-this-intercontinental-quantum-encrypted-video-hangout-is-a-big-deal/?mbid=BottomRelatedStories

https://www.accenture.com/ro-en/success-biogen-quantum-computing-advance-drug-discovery