15 Oct 2021
The Boston Consulting Group: Quantum Computing
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
According to Investopedia, quantum computing is the study of how to use phenomena in quantum physics to create new ways of computing. Quantum computing is made up of qubits and unlike a normal computer bit which can be 0 or 1, a qubit can be either of those or a superposition of both 0 and 1.
This means that quantum computers can perform calculations in a few seconds for which current supercomputers would need decades or even millennia.
The challenge however is that it is very difficult to maintain qubits quantum states because they suffer from quantum decoherence and state fidelity which requires error correction.
This issue will be solved, it is only a matter of time and then quantum computing will open up a whole new universe of investment opportunity. It will transform everything.
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