Quantum computing: game changer for a new information age

After artificial intelligence, quantum technology is seen as the next key driver of digitalization. Quantum computers offer potential computing power that exceeds today's supercomputers many times over. Quantum technology has massive disruptive potential and will produce groundbreaking innovations in many areas. “Quantum computing has left the experimental stage behind and is on its way to a commercial breakthrough. Marketable applications could come into use before the end of this decade and a quantum internet could even emerge a little later,” says Dr. Heinz-Werner Rapp, founder of the FERI Cognitive Finance Institute. In a recent analysis, the institute examined both the technical foundations and the revolutionary future prospects of quantum technology in detail.

Enormous efficiency gains through quantum physics 

In contrast to conventional computers, which process information sequentially in the form of bits, quantum computers operate with so-called qubits, which can assume several states simultaneously. This quantum mechanical property enables an exponential increase in computing power, allowing quantum computers to solve highly complex computing tasks and optimization problems in a much shorter time than today's supercomputers. The use of quantum computers is expected to lead to rapid progress in many areas, particularly in connection with artificial intelligence. Practical application examples are offered by medical research, for example, where more precise molecular analyses will make it possible to develop new drugs much faster. In materials science, quantum computing is revolutionizing the development of new materials. In aerospace, logistics and supply chain management, quantum computers enable highly efficient process optimization in real time. In the financial sector, quantum algorithms promise massive improvements in risk management; at the same time, a completely new cryptography standard is emerging that raises the protection of sensitive data to previously unattainable levels. “The quantum revolution will have a massive impact on all areas of life in just a few years' time, just as we are already seeing with AI,” explains Rapp. 

Race for quantum technology

However, quantum computers also have the potential to quickly break through conventional encryption methods. This could seriously jeopardize the integrity of protected data streams, making the new technology of considerable security significance. The fierce competition between the major powers USA and China in this field illustrates the explosive nature of the issue. “Access to powerful quantum technology is becoming a decisive factor for the future - not only economically, but also in terms of defense and national security,” explains Rapp. Entrepreneurs and professional investors should take a very close look at the main features of the coming quantum age today in order to benefit from the long-term opportunities of this promising technology, the analysis concludes.

The analysis “Quantenzeitalter: Quantencomputing als Gamechanger für Finanz- und Realwirtschaft” has been published as a Cognitive Comment and is available in German in the download area on this page.