Quantum Computing ‘Making Progress Faster Than Expected’

Quantum computing technology is developing faster than expected and is set to outperform classical computing in five years, a new industry report has found.

QuEra, a quantum computing company based in Boston, Massachusetts, surveyed 920 international quantum computing academics, scientists, and professionals for its report, ‘The Current and Future State of Quantum Computing.’

More than half (51%) of respondents said they believe quantum computing technology is making faster progress than expected with 40% saying it will become a superior alternative to classical computing for certain workloads within the next five years.

Asked about how their organizations expected to see a return on investment from quantum computing, the top two responses were solving previously unsolvable problems (72%) and solving problems faster than classical systems (68%).

Technology developments in recent years have proven a source of optimism, tackling the main barriers to quantum computing development and adoption identified by the respondents, scalability (33%), error correction and fault tolerance (31%) and hardware performance (20%). 

“Recent major breakthroughs have significantly accelerated quantum computing development and reduced the timescales for adoption,” said QuEra chief commercial officer Yuval Boger.

Related:Assessing the State of Quantum Data Centers: Promises vs. Reality

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