Quantum computing is no longer relegated to the realm of science fiction—it’s a technological reality and a critical investment opportunity for businesses.
Artificial intelligence, machine learning and large language models are increasingly common topics of discussion in both professional and personal circles. Tools like ChatGPT boast nearly 900 million weekly active users, while programs like Microsoft Copilot are embedded in numerous apps that are part of people’s everyday lives.
So where does quantum fit in? Although the government of Canada has invested over $1 billion in quantum computing, discourse around it seems as silent as the second “t” in Toronto.
While the technology may not be widely available currently for commercial use, businesses should evaluate quantum’s potential utility so they avoid playing catch-up like many organizations have had to do as AI becomes ubiquitous.
What is quantum?
Quantum is a technology that harnesses the laws of quantum mechanics to solve problems too complex for traditional computers.
Traditional computers use bits as the fundamental unit of information; bits have a binary value of either 0 or 1. Conversely, quantum computers use qubits, which can be a 0, 1 or a superposition of both.
The advantage of superposition is that it allows quantum computers to process and calculate information simultaneously, performing much faster than traditional computers.
Why does it matter?
Quantum computers’ problem-solving speed could enable monumental breakthroughs in a variety of areas, including drug development and financial modelling.