A Brief History: Quantum Computing

  • By using codes, cryptography is a technique used to encrypt data enabling it to only be read and comprehended by a chosen user. Despite the fact that quantum computers can defeat many cryptographic algorithms which protect sensitive data, they can also provide higher security, such as post-quantum cryptography and quantum key distribution. This means that quantum computers can create cryptographic systems for classical computers that are so secure that not even other quantum computers can hack.

    • Supply Chain Management

    • By improving warehouse management, demand forecasting, inventory control, and route optimization, quantum computing can improve logistics within supply chain management for many businesses. Algorithms built for optimization help perform these tasks and quantum computers potentially have the power to provide them faster than supercomputers can, according to Sandia LabNews.

    Artificial Intelligence

    • Optimization is not limited to specific industries; its influence extends across various sectors, with its presence amplified by the widespread adoption of Artificial Intelligence. Quantum computers have the potential to enhance key areas within AI such as natural language processing, image recognition, and neural network optimization. Quantum computing holds the potential to make significant contributions within this field. As stated by Towards Data Science, “As the demand for bigger, better, and more accurate AI and ML accelerates, standard computers will be pushed to the limits of their capabilities.”

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    Financial Modeling

    • Financial modeling is the process of building an abstract picture of a real-world financial circumstance. By capturing the intricate nuances and dynamics of financial situations, it’s essential and used to develop well-informed financial decisions. According to IBM, a leader within the field, quantum computing can improve portfolio diversification, rebalance portfolio investments so they’re goal oriented, and streamline trading settlements so they’re cost effective.

    Healthcare

    • The healthcare industry can benefit greatly from enhancements made by quantum computing. For example, the technology can be applied to improve precision medicine by reviewing datasets such as medical records and genomic information. As a result, better diagnoses, tailored treatment plans, and an overall improved patient experience can be made. In addition to optimization, medical imaging, and cybersecurity, quantum computing is expected to transform this sector.

    The Future Market

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    • Quantum Software Engineer

    • Software Engineers with a strong understanding of matrix multiplication, complex numbers, and basic probability theory can smoothly transition into this field– no PhD required. Quantum software engineers develop high-level system modules, testing, and validation tools for the hardware that’s built.

    Quantum Computer Architects

    • Quantum computer architects are integral for developing software for quantum computers and building scalable systems. While understanding the connections that classical computers and quantum computers may have, they create interfaces, optimize programs, and test performance to ensure the software’s framework is working correctly.

    Quantum Algorithms Researchers

    • Researchers within this specialty focus on discovering more ways that quantum computing can be improved or applied. They identify any recurrent issues that may be solved with quantum effects and create the foundation for new programs. This includes developing new algorithms and others that are currently in use.

    The overall median salary range for quantum computing engineers in the US is $132K USD. It’s important to take note that this is a broad estimate and may differentiate depending on one’s country of origin, company of choice, and specific focus within quantum computing. View estimates for other countries on salaryexpert.com

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