In the emerging fields of physics and engineering, Quantum computing is expanding as a new edge technology to decode complex defaults. This technology actively utilises multidimensional processing to eliminate data handling and decision errors in conventional computing processes. A growing country like India has a promising future in uplifting the technology sector in areas such as manufacturing, pharmaceuticals, and automobiles. Only five tech companies are developing quantum chips, including Google, Intel, IBM, Rigetti Computing, and D-Wave. However, the quantum computing market holds huge potential to outgrow in upcoming years, with the prediction that it will hit the target of $949 million by 2025.
Quantum computing excels at accurate computation and swiftly assists businesses with a result-oriented approach. It has diverse applications, such as complying with unstructured big data sets, finance modelling, cybersecurity, route and traffic optimisation, realistic prototyping and testing in manufacturing, and advanced batteries and semiconductors. This exploding technology can rebuild digital infrastructure in the next 5 to 10 years to innovate feasible methods.
Indian giants like IBM have successfully developed a quantum processor chip containing over 1000 qubits. In 2020, IBM revealed its commitment to developing a quantum chip containing over 1000 bits, and it successfully reached this milestone within the projected timeframe. Additionally, Tech Mahindra also signed a collaboration with Mahindra University to establish a Makers Lab for research and development in the fields of quantum and metaverse. Another leading tech company, Infosys, has launched their ‘Infosys Quantum Living Labs’ to serve their clients and explore their quantum computing use cases.
This game-changing technology can resolve nationwide problems with robust solutions through integration with AI and ML. To nurture industrial research and development, the central government of India has allocated over Rs. 6,000 crores for their separate vision of the National Quantum Mission Fund. As per the current scenarios, the nation is thriving towards the National Mission on Quantum Technologies and working on initiatives such as the Quantum Computing Applications Lab, leading Indian institutes like IISc, TIFR, and C-DOT, creating prototypes, and securing quantum key distribution.
As India is aspiring to the potential of quantum computing, its considerable impact can be predicted to achieve high success in medicine, materials science, finance, and artificial intelligence to address the country’s progressive needs.
The post Quantum Computing – From Idea to Reality! appeared first on Trade Flock.
