TECHNOLOGY

Capable of solving problems up to 100 million times faster than traditional computers , quantum computing has the potential to comprehensively speed up processes on a monumental scale . Quantum computers use qubits , which can be 1 and 0 simultaneously , allowing these machines to handle much more complex problems .

“ Quantum , in terms of importance to business , society and the EY organisation , is akin to what AI represented years ago ,” said Andy Baldwin , EY Global Managing Partner – Client Service , this year in an announcement of a quantum strategic alliance with IBM .

Achieving this is likely to take some time : McKinsey estimates that by 2030 , only about 5,000 quantum computers will be operational . But when the technology does arrive , McKinsey suggests Quantum AI could be one of the four fundamental capabilities that differentiates quantum machines from today ’ s classical computers .

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