The trends for 2024 include generative AI and quantum computing. But what is quantum computing? How is it different from classical computers, and why will it disrupt several industries in the future? Our senior investment specialist John Plassard tells you more in his Weekly Insights.
2023 began with many business leaders being blindsided by the mainstream adoption of generative AI.
As we start to think about what trends are waiting for us in 2024, it’s quantum computing that is increasingly setting off the tech-spidey senses in businesses around the world.
Critics have often dismissed quantum computing as overhyped. But as it prepares to enter center stage, all eyes will be on whether it can deliver on its promises of a seismic shift in computational capabilities.
For the record, Quantum computing is a new way of making super fast computers that use tiny things like atoms and electrons.
These tiny things can do weird things, like being in two places at once, or talking to each other over long distances. These are called superposition and entanglement.
Quantum computers use these weird things to store and process information differently than normal computers.
Normal computers use bits, which are like switches that can be on or off, to store data.
Quantum computers use qubits, which are like switches that can be on, off, or both at the same time.
This means that quantum computers can do more things at once, and solve some hard problems faster than normal computers.
But quantum computers are also very hard to make and use, because the tiny things are very delicate and easily messed up by noise and mistakes.
Quantum computers also need special instructions, called algorithms, that can use their weird power.
Atom Computing’s recent announcement of a 1,225-qubit quantum computer, nearly tripling IBM’s Osprey, which was the previous front-runner, underscores that we’re on the cusp of a new era in computing.
This leap amplifies quantum computing’s potential to revolutionize sectors like pharmaceuticals and cybersecurity, enabling calculations of unimaginable complexity.
Will also be impacted: Financial services, giant banks, and trading firms leverage quantum capabilities for portfolio optimization and enhanced fraud detection.
The pharmaceutical sector is eyeing quantum computing for efficient drug discovery. At the same time, companies focused on sustainability are exploring new material sciences, exemplified by work with BMW and Airbus on hydrogen fuel cells.
Quantum computing is not a futuristic concept; it’s a current reality with pivotal milestones on the near horizon.
If you wanna have more information’s about this 2024 trend, please don’t hesitate to ask us. Have a great week, stay safe and … keep on winning!