QUANTUM COMPUTING NY - Accenture
QUANTUMCOMPUTING NYAccenture Research
Quantum computingis expected to bringsubstantial economicopportunity to New YorkQuantum NYWe surveyed 250 business leaders in NYand surrounding metro areas, fromcompanies with at least 500 million inannual revenue, to understand howthey’re approaching the opportunitiesand challenges of quantum adoption
Companies cannotignore QuantumComputingQuantum NY97% of respondent organizations agree:Quantum computing will provideenormous growth for my companycomparable to the growth we’veexperienced from artificial intelligence3
What’s at stake for the New York economy? 332BILLION95,000JOBSBy 2030, quantum adoption by local companies could increase New York’s GDP by 332b with 95k jobs addedQuantum NY
Companies are alreadyinvesting in Quantumcomputing and spendingis substantial34% already investing60% spent 500k or more in last yearQuantum NY
New York companies forsee a host of benefitsin quantum computing adoptionLeaders anticipate the technology will have the greatest impact on:31%internalefficiencies oreffectivenessQuantum NY24%offering newproducts orservices22%being part of anew ecosystemor userexperience21%enhancingexisting productsor services
Developers and Data Scientists are in highestdemandThough 95% of companies have a team or individual dedicated to quantum computing or emergingtechnology initiatives, respondents plan to increase hiring and reskill their workforces72% plan to hire new quantumcomputing talentQuantum NY77% say they’ll need to dramaticallyreskill their workforce
“We’re now at an inflection point where companiesare putting the building blocks in place for quantumcomputing that could bring significant benefits totheir organizations and the state in 5-10 years.”- Maria Gotsch, president and CEO of the partnership fund for New York CityQuantum NY
New York offers a wealthof talent and opportunitiesfor collaboration withintechnology ecosystemQuantum NY81% of companies are confident that theycan find the skills they need in the stateand its metro areas 50% of quantum-related jobs atrespondents’ companies are based in NewYork9
Investment is robustas Covid-19 cloudsoutlooksQuantum NY91% say Quantum adoption will enabletheir company to resolve organizationalproblems better, faster, and/or cheaperthan with classical computersBut 46% say covid-19 will negativelyaffect their ability to secure the talentthey need for quantum computing
Covid-19 is raising stakes, affecting adoptionQuantum computing will ultimately be one of the tools to help businesses overcome the effectsof the Covid-19 pandemic and emerge stronger, however:26%say Covid-19 willaccelerate their needfor quantum adoption36%are reevaluatinginvestment and funding49%say it will delay adoption
“Adoption of quantum computing is primed to take off inNew York, driven by the potential benefits and the uniqueopportunities that the area’s technology ecosystem provides.Initiatives may be accelerated once the associated cybersecurityrisks and opportunities become clearer to organizations, yetcovid-19 may cause delays in adoption due to cuts in funding.”- Lynn Mcmahon, Accenture’s New York metro office Managing Director.Quantum NY
Increasing QuantumComputing potentialthrough ecosystemcollaborationQuantum NY84% of respondents say their organization issupporting or participating in the quantumecosystem (e.g. supporting start-ups,sharing knowledge) to help accelerate thebroader opportunities that quantumcomputing could help unleash13
4 ways local government and interest groups can helpcompanies seize the economic opportunities fromQuantum Computing:1.Specialized training and tools for developers, data scientists, etc.2.Incentives (e.g., tax, subsidies) for companies building a quantumcomputing lab and/or increasing their R&D investments3.Convening an expanded New York state quantum ecosystem4.Specialized college and university curriculums to train future workforceQuantum NY
Accenture is a leading global professional services company, providing a broad range ofservices in strategy and consulting, interactive, technology and operations, with digitalcapabilities across all of these services. We combine unmatched experience and specializedcapabilities across more than 40 industries — powered by the world’s largest network ofAdvanced Technology and Intelligent Operations centers. With 513,000 people serving clients inmore than 120 countries, Accenture brings continuous innovation to help clients improve theirperformance and create lasting value across their enterprises. Visit us at www.accenture.comQuantum NY
Quantum Computing: 1. Specialized training and tools for developers, data scientists, etc. Incentives (e.g., tax, subsidies) for companies building a quantum computing lab and/or increasing their R&D investments 2. 3. Convening an expanded New York state quantum ecosystem 4. Specialized college and university curriculums to train future workforce
1. Quantum bits In quantum computing, a qubit or quantum bit is the basic unit of quantum information—the quantum version of the classical binary bit physically realized with a two-state device. A qubit is a two-state (or two-level) quantum-mechanical system, one of the simplest quantum systems displaying the peculiarity of quantum mechanics.
Accenture Wealth Management kendra.thompson@accenture.com With over 17 years of broker dealer and advisory industry experience, Kendra is focused on wealth management strategy. Based in Toronto, she leads Accenture Wealth Management globally. Edward Blomquist Research Lead Accenture Wealth and Asset Management edward.a.blomquist@accenture.com
Quantum computing is a subfield of quantum information science— including quantum networking, quantum sensing, and quantum simulation—which harnesses the ability to generate and use quantum bits, or qubits. Quantum computers have the potential to solve certain problems much more quickly t
Topics History of Computing What are classical computers made of? Moore's Law (Is it ending?) High Performance computing Quantum Computing Quantum Computers Quantum Advantage The Qubit (Information in superposition) Information storage Different kinds of quantum computers Superconducting vs Ion Traps Annealing vs Universal/Gate quantum computers
Quantum computing with photons: introduction to the circuit model, the one-way quantum computer, and the fundamental principles of photonic experiments . quantum computing are presented and the quantum circuit model as well as measurement-based models of quantum computing are introduced. Furthermore, it is shown how these concepts can
Keywords—machine learning, quantum computing, deep learning, quantum machine intelligence I. INTRODUCTION There is currently considerable interest in quantum computing. In the U.S. in January 2019, the National Quantum Initiative Act authorized 1.2 billion investment over the next 5-10 years (Rep Smith, 2019). A quantum computing race is ongoing
According to the quantum model, an electron can be given a name with the use of quantum numbers. Four types of quantum numbers are used in this; Principle quantum number, n Angular momentum quantum number, I Magnetic quantum number, m l Spin quantum number, m s The principle quantum
the types of algorithms for which quantum computing is best suited— optimization, sampling and machine learning—across multiple industries. Enterprises that begin their quantum computing journey now will be best positioned when the emerging technology reaches maturity. This report examines the science behind quantum computing; recent
