Centennial College BUSN733: Quantum Computing Business Report

This report examines the application of quantum computing in the business sector, addressing its potential to revolutionize various processes. It begins with an introduction to quantum computing, highlighting its relevance to modern business challenges. The report then explores the background of quantum computing, emphasizing its distinctions from traditional computing methods. It addresses a key research question: how quantum computing can optimize business operations, improve data storage, and enhance cybersecurity. The report also discusses the integration of quantum computing with cloud computing and finance. The research includes a discussion of the challenges in implementing quantum computing, such as the need for low temperatures and the integration with existing systems. The report concludes by emphasizing the potential of quantum computing to improve business processes, including finance, intelligence, and decision-making, while also acknowledging the need for further research and development in the field. References from various sources like Forbes, American Scientist and Physical Review A are included.

Running Head: Quantum Computing 0
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Paper
Student name

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Table of Contents
Introduction......................................................................................................................................1
Background of Quantum Computing...............................................................................................1
Research Question...........................................................................................................................1
Summary..........................................................................................................................................1
References........................................................................................................................................1

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Introduction
Quantum Computing is highly used in different businesses to overcome the cost and time,
which can increase profit of an organziation as well as save natural resources (Ikonen,
Salmilehto, & Möttönen, 2017). There are many business processes in which energy required to
manufacture products and maintain different services (Brown, 2018). Quantum computing is the
best way to reduces human efforts from different operations and provide profit in term of
revenue to an organziation.
This paper will explain about uses of cloud computing in business and its benefits to
achieve sustainable goals. It will also describe about the role of quantum computing in
businesses.
Background of Quantum Computing
Quantum computing is a hard term of science when anyone listens about this word, he or
she assume that it is a complex and scientific. Quantum computing is one of those technologies,
which uses in business world, such as Artificial Intelligence (AI), Machine Learning (ML), Deep
Learning, and many others.
Quantum computing makes possible to solve different issues in business, which have yet
to figure out by traditional computer systems. Intractable problems are easily solving using
quantum computers. Traditional computer systems have faced many problems that are too time-
consuming, powerful, and complex as well as only attempt one task at a time.

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Quantum computer works within the world of atomic and subatomic particles. In
addition, a quantum computer works in multiple states at a time. It was beyond the physics laws
and human beings cannot know about multiple states of time. However, Different state of
consciousness has present in quantum computers. Quantum processor is far better than
traditional computer systems.
Research Question
Quantum computing has provided many logics and concept to optimized different
operations, which is beneficial for any business. According to (Gambetta, Chow, & Steffen,
2017), building logical qubits can store large amount of data in a superconducting quantum
computing system. In addition, most of the business processes based on data and it is a basic
requirement of most of the business in present era.
Quantum computing is helpful in reducing energy consumption, which is generated by
other traditional computer systems. It is a major challenge to operate quantum computers at low
temperature, as compared to other systems (Ikonen, Salmilehto, & Möttönen, 2017).
In present era, it is huge issues in front of many businesses that save energy cost and it
manage multiple states of transitions for business purposes. In addition, organizations will
manage different requirement to implement quantum computers. It is a big task to replace
traditional computer systems from quantum computers to enhance performance of their business
processes.
According to (Denning, 2019), quantum computing provides help in cyber security for
data and systems, which is a common requirement of most of the businesses. There are many

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things in a business, which requires high performance and it will possible through quantum
computers.
Moreover, quantum computing is also providing help in cloud computing in their storage,
processing, and many other things to increase their performance in terms of time and cost
(Devitt, 2016).
Quantum algorithms reduce time from different processes and provide better
environment to develop many other things in a business to maintain their many operations
(Montanaro, 2016).
Finance is a big part of a business and quantum computers make it more feasible and fast.
Most of the businesses require fast result analysis to take decisions. Quantum computers make its
possible using quantum algorithms to manage financial processes of an organization (Orús,
Mugel, & Lizaso, 2019).
However, many issues and challenges face in implementation of quantum computers for
business processes, but it will provides drastic changes in results, which will in favor of
organization (Steeb & Hardy, 2018).
Summary
Quantum computing is a successful technology to enhance performance of different
business processes of organizations, such as finance, computing, intelligence, decision-making,
and many other processes. Quantum computing will provide large data storage and fast access as
compared to other traditional computes using qubits.

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Finally, Quantum computing is emerging technology as other technologies are helpful in
business, such as AI, ML, and many others. Organizations should adopt quantum computing in
their business processes and create new business ideas based on quantum computers.
References
Brown, C. (2018, April 13). Adding A Little Quantum Computing To Your Business. Retrieved
from Forbes : https://www.forbes.com/sites/forbestechcouncil/2018/04/13/adding-a-little-
quantum-computing-to-your-business/#3a560b1641cc
Denning, D. (2019). Is Quantum Computing a Cybersecurity Threat? American Scientist, 107(2),
83-85.
Devitt, S. J. (2016). Performing quantum computing experiments in the cloud. Physical Review
A, 94(3), 032329.
Gambetta, J. M., Chow, J. M., & Steffen, M. (2017). Building logical qubits in a
superconducting quantum computing system. npj Quantum Information, 3(1), 2.
Ikonen, J., Salmilehto, J., & Möttönen, M. (2017). Energy-efficient quantum computing. npj
Quantum Information, 3(1), 17.
Montanaro, A. (2016). Quantum algorithms: an overview. npj Quantum Information, 2, 15023.
Orús, R., Mugel, S., & Lizaso, E. (2019). Quantum computing for finance: overview and
prospects. Reviews in Physics, 100028.
Steeb, W.-H., & Hardy, Y. (2018). Problems and solutions in quantum computing and quantum
information. World Scientific Publishing Company.

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