Episode 60: Business implications of quantum computing

Quantum computing is often talked about in technical terms, but its real significance lies in what it could mean for businesses. Let's explore the commercial impact of quantum computing, what problems it could realistically help solve, and why organisations should start preparing now, even though the technology is not yet mainstream.

Where quantum could deliver real business value

Three broad areas are emerging where quantum computing shows the most promise.

The first is simulating nature, particularly in computational chemistry. This includes areas such as pharmaceutical development and chemical processes, where even tiny improvements in efficiency or yield can translate into significant financial gains.

The second is optimisation. This spans many industries, from financial services to logistics and manufacturing. Use cases range from portfolio optimisation and risk assessment to route planning and production efficiency. Rather than only tackling the largest, most complex problems, quantum systems could also help deliver more accurate answers faster, improving decision-making and outcomes.

The third area is unstructured data, including machine learning and AI. Early signs suggest that quantum approaches may help training models converge more quickly and handle highly complex, high-dimensional problems more effectively. However, this area is still at a very early stage.

Why businesses need to start paying attention now

Although quantum computers cannot yet deliver widespread practical results, the biggest risk for organisations is waiting too long. Once quantum advantage is reached, businesses that have already explored potential use cases will move faster than those starting from scratch.

Learning what quantum can and cannot do, identifying problems within the organisation that may be suitable, and experimenting with small test cases all help build readiness for the future.

The role of partnerships and ecosystems

Quantum computing is not something most organisations can tackle alone. Progress is happening through collaboration between technology providers, customers, and academia. Universities play a crucial role in developing algorithms and combining existing techniques into workable solutions.

Some organisations are already building these ecosystems, partnering with vendors, academic institutions, and specialist companies. This early investment is helping them prepare for the point when quantum computing begins to deliver measurable business benefits.

From research to competitive advantage

While quantum computing still feels distant, the direction of travel is clear. Organisations that treat it purely as a future problem risk falling behind. Those that invest time now in understanding the landscape, building partnerships, and exploring potential applications will be better positioned when the technology matures.

For organisations considering how emerging technologies like quantum could affect future procurement and strategy, get in touch.