Challenges and opportunities of quantum computing and its transformative potential to revolutionise various sectors and industries

Ravinder Singh
Additional contact information
Ravinder Singh: Head of Digital and Systems Team, UK

Journal of AI, Robotics & Workplace Automation, 2024, vol. 3, issue 3, 247-265

Abstract: Quantum computing, leveraging the principles of quantum mechanics, is emerging as one of the most transformative technologies of the 21st century, promising computational power that can tackle problems once considered unsolvable. Unlike classical computing, which processes data in bits, quantum computing operates using quantum bits or ‘qubits’ that exploit quantum superposition and entanglement, enabling vastly superior processing power. This paper examines the challenges and opportunities presented by quantum computing, focusing on its potential to transform various industries such as healthcare, finance, education, defence, utilities and more. Additionally, the paper explores its environmental implications and impact on sustainability. A literature survey of key research contributions and a discussion of commercial timelines highlight the current state and future of this revolutionary technology. While quantum computing presents immense opportunities, its technical and economic challenges must be overcome for it to reach widespread commercial adoption. The paper concludes with an exploration of the road ahead for this nascent technology. Despite significant challenges, quantum computing offers unprecedented opportunities to transform multiple sectors, making it an essential area for ongoing research.

Keywords: quantum computing; quantum gates and algorithms; optimisation; transformation; quantum encryption and security; sustainability; carbon footprint (search for similar items in EconPapers)
JEL-codes: G2 M15 (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://hstalks.com/article/8994/download/ (application/pdf)
https://hstalks.com/article/8994/ (text/html)
Requires a paid subscription for full access.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aza:airwa0:y:2024:v:3:i:3:p:247-265

Access Statistics for this article

More articles in Journal of AI, Robotics & Workplace Automation from Henry Stewart Publications
Bibliographic data for series maintained by Henry Stewart Talks ().