Reworked. Quantum computing is still reserved for tech giants…for now

To say that quantum computing has made major leaps would be a half truth. We’ve gone from theory, to algorithms, to physical quantum computers, but despite all that – the industry is still in its infancy.

What we do know is that quantum computing is anything but a distant dream. Reworked chatted with 555 vCTO founder and virtual CTO Vaclav Vincalek to get his take on the state of quantum computing, and where tech giants are in their quest to master quantum computers.

Quantum computing leaders? Let’s not get ahead of ourselves

While experts believe that quantum computers are worth the investment and time, they do warn readers not to get ahead of ourselves.

“Quantum computers are still a lab and research thing," says Vaclav Vincalek, virtual CTO at 555vCTO.com, a tech advisory firm.

"Even the case studies coming from D-Wave, the most advanced quantum computer commercially available today, show that the practical side of quantum computers is years away."

Vincalek noted that quantum computers will excel in optimization tasks, computational protein design for drug development, financial modeling, traffic optimization, cybersecurity, and other specialized challenges. However, expecting a quantum computer to assist with your upcoming project is unlikely at this stage

“There is still lots of work that all the vendors have to put in to make it,” he adds.

Nonetheless, this doesn't imply dismissing them entirely. For Chief Information Officers and Chief Technology Officers in pursuit of cutting-edge technologies that will confer a competitive advantage to their companies in the next five years, quantum computing should certainly be a consideration. It might be premature for immediate implementation, but it's certainly not too early to initiate strategic planning to gain an edge in the competitive landscape.

Tech giants are aggressively investing in quantum computing

Tech giants like Google, Microsoft, Amazon, IBM, and Intel have embarked on a quest to dominate the quantum computing market. They're investing big, and it's not just for show. They've gone beyond merely dabbling in quantum computing, and their commitment is evident in the milestones they've achieved. 

Yet, despite the nascent stage of this technology, these giants are already carving out their quantum paths. They're not only developing quantum hardware but also offering quantum computing services on their cloud platforms. It's a testament to the significance of quantum computing that it's beginning to weave its way into political debates and national agendas, drawing even China-based companies like Baidu and Alibaba into the fray.

Early adopters will have a strategic advantage with quantum computers

Quantum computing holds the key to unlocking the potential for tremendous advancements. Imagine electric carmakers developing longer-lasting batteries, biotech startups crafting personalized drugs, or revolutionizing fertilizer manufacturing for a more sustainable food supply. These are just a glimpse of the possibilities that lie ahead.

Forward-thinking companies are already exploring the potential of quantum computing in solving optimization problems. This kind of thinking will pay glorious dividends in the long term.

At 555 vCTO, forward-thinking is our motto

Quantum computers probably aren’t in your business vision right now. But the tech advisors at 555vCTO.com can help startups, scale-ups, and SMBs evaluate other possible technologies that suit your company. Contact us today, and let’s get started on your tech stack.