Organizations are increasing investment and exploration in quantum technologies with expectations of first commercial applications in 3-5 years

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Organizations are imore and more investment and exploration in qamount technology with the expectations of the first commercial applications in 3-5 years

New research by Capgemini identifies 23% of organizations worldwide are currently work on or plan to use quantum technologies, moving scientific research in the real world solutions

Paris, March 312022 New search published today by the capgemini-research institute reveals that almost a quarter (23%) of organizationzare working (or plan to work) to benefit quantum technologies, with expectations from to at least one major commercial application in the next 3-5 years. Besides, 20% of organizations are expecting increase investment in technology over the next yearr.

According to research Quantum Technologies: How to Prepare Your Organization for a Quantum Advantage NowChina (43%) and the Netherlands (42%) have the largest share of companies working or planning to work on quantum technologies, well ahead of Germany and the UK (each on 26%), compared to 23% on average worldwide.

While the vast majority of organizations working on quantum started more than 2 years ago, 28% say they did so in the last two years. Overall, quantum technologies are beginning to move out of research environments and into real-world applications: among organizations working on quantum, almost 20% have reached the implementation stage (experiments or proofs of concepts ). An additional 23% have identified relevant use cases and are preparing for implementation.

These companies intend to leverage the technology in a number of ways, from improving the sustainability of operations and discovering new materials for making batteries, to securing information, to sensors. medical and the mitigation of harmful industrial gases. Financial services organizations are using quantum technologies for more accurate pricing of risky assets, optimizing portfolios for better returns, and detecting fraud. Additionally, life science companies are trying to shorten the drug development cycle by using quantum computing.

The Capgemini Research Institute conducted in-depth discussions with more than 30 industry experts around the world to determine how the best implementers are already using quantum technologies. Elham Kashefi, Professor of Quantum Computing at the University of Edinburgh’s School of Computing and Director of Research at the National Center for Scientific Research (CNRS) at Sorbonne University and co-founder of VeriQloud Ltd, said said: “It may take another decade to builda fault-tolerant universal quantum computer. However, we can still get real impactful applications on quantum devices in the near future provided that Quantum algorithms are optimized and adapted for emerging noisy hardware equipped with bespoke verification processes.

The report highlights that quantum technologies have reached different levels of maturity in terms of expected applications:

  • quantum computing has the highest potential of all quantum realms, but it is also the least mature. The pace of development has accelerated, driven by investor interest, expanding use cases, and technological breakthroughs. On average, the majority of organizations working on quantum believe that the first commercial applications of quantum computing are five years away;

  • Quantum Communications could meet new information security requirements1, in particular to secure the exchange of information with external parties, to protect critical infrastructures (IoT and cloud-based technologies) within the organization or to secure cloud data centers. Quantum cryptographic solutions are already implemented. However, 58% of organizations working on quantum are waiting for standards to emerge before prioritizing quantum security;

  • Quantum sensors are more niche but also more mature. As they become smaller, more energy efficient and cheaper, sensors could play a transformative role in all industries. Quantum sensors can accelerate measurement accuracy, especially in healthcare/diagnostics, defense, automotive, civil engineering, construction, oil/gas, space, and telecommunications industries2.

Seven out of ten organizations working on quantum agreed that due to the long product development cycles in their business, they need to invest time now in building a foundation (the right skills, identifying issues/cases of use, carrying out laboratory experiments or concluding partnerships) and integrating quantum technologies into their processes. More than half (58%) of organizations working on quantum said they had received C-level support for quantum initiatives in the past year.

Pascal Brier, Chief Innovation Officer of Capgemini and member of the Group Executive Committee, said: RRecent breakthroughs in quantum technologies seek to herald a new era for computingsensors and cybersecurity in the next 5 years. Our research confirms that more and more oorganizations are educated on technology and experiment with real life applications of quantum technology. Over the past two years we have seen leaders emerge in the financial sector and a lot of traction in automobile, in particular. Preparing today is essential to to be able to capitalize on these next-gen technologies as commercial applications become more popular. This is why our team of quantum technology experts around the world focuses on unlocking this potential for customers.

Even though large-scale commercial applications are a few years away, the report says organizations can start preparing now for the Quantum Advantage – the ability to drive significantly higher performance than is possible with the current state. of technology. Once the use case is established, organizations can begin experimentation with a small team of experts. In addition, it will be crucial to translate the most powerful use cases into small-scale quantum experiences, secure long-term partnerships with technology vendors, and develop a long-term strategy to nurture quantum talent.

To read the full report, click here: https://www.capgemini.com/research/quantum-technologies/

Methodology
In November-December 2021, Capgemini collected feedback from 857 organizations asking whether they were working or planning to use quantum technologies, and interviewed 200 executives working or planning to work on quantum technologies. He also supplemented the survey with over 30 in-depth interviews with quantum technology practitioners in large organizations, startups, academics working on quantum technology, VCs in the field, as well as communities around the technology. quantum.

About Capgemini
Capgemini is a global leader in partnering with businesses to transform and manage their business by harnessing the power of technology. The Group is guided daily by its goal of unleashing human energy through technology for an inclusive and sustainable future. It is a responsible and diversified organization of 325,000 employees in nearly 50 countries. With 55 years of experience and deep industry expertise, Capgemini is trusted by its clients to meet all of their business needs, from strategy and design to operations, fueled by the changing world fast and innovative cloud, data, AI, connectivity, software, digital engineering and platforms. In 2021, the Group achieved a worldwide turnover of 18 billion euros.
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About the Capgemini Research Institute
The Capgemini Research Institute is Capgemini’s internal think tank on all things digital. The Institute publishes research on the impact of digital technologies on large traditional businesses. The team relies on the global network of Capgemini experts and works closely with academic and technological partners. The Institute has dedicated research centers in India, Singapore, UK and USA. It was recently ranked #1 in the world for the quality of its research by independent analysts.

Visit us at https://www.capgemini.com/researchinstitute/
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1 Current security standards are based on the factorization of large composite primes, and are currently unbreakable with available conventional computing capacity. But these standards are increasingly vulnerable: by the end of this decade, a large enough quantum computer should be able to break factorization-based algorithms.
2 These can be quantum gravimeters for prospecting or surveying land or water, quantum sensors for process control and safety, sensors and oscillators for non-GPS navigation, or magnetometers and sensors for biomedical imaging

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