Theoretically unrestricted by the binary limitations that limit the speed of conventional computers, quantum computers will be able to do much more in much shorter periods of time. When the quantum revolution begins, tech watches predict that five industries stand to benefit first:
Chemical manufacturing
Research by McKinsey found that quantum computers can precisely simulate molecules, polymers, and solids. This approach will allow researchers to identify the most effective molecular designs or structures and achieve desired results faster when synthesizing molecules. Such technology-supported research on molecular structures will enable a better understanding of chemical properties and spur discoveries that could transform many fields.
Pharmaceuticals
From discovery to commercialization, drug discovery and development can take up to 10 years and cost over $2.5 billion. To make matters even more challenging, roughly
Financial services
With quantum computing's effectiveness and speed, financial service providers can gain a competitive edge, particularly in areas such as risk analysis, dynamic portfolio optimization, and pricing.
Cybersecurity
In the near future, quantum computers might decrypt today's seemingly unbreakable encrypted data. In such a quantum-driven world, quantum kinaesthetic encryption will provide the best protection for data privacy. Also known as quantum key distribution, quantum encryption uses photons that change their states during third-party interceptions, theoretically limiting data interpretation to only two key parties. The information exchanged between the two key endpoints will thus be virtually impossible to decode, taking cybersecurity a notch higher.
Artificial Intelligence
In addition to the benefits that quantum machine learning may offer many sectors ¾ including autonomous vehicles and weather prediction ¾ future quantum computers may advance AI further. The use of quantum computing for AI may revolutionize computer vision, pattern recognition, voice recognition, machine translation and other tools, and maybe even endow bots with human-like intelligence.
