What does Quantum Computing have to do with Corporate Planning?

IBM unveiled the world’s first commercial Quantum Computer, Q System One, at the 2019 Consumer Electronics Show (CES) in Las Vegas last month. At IBM Think 2019, Dr. Dario Gil, head of IBM Research, gave a presentation about the mainstream adoption of quantum computing that will lead to commercial quantum computing solutions in the not-too-distant future.

A few decades ago, spreadsheet software like VisiCalc came along and quantum-leaped over paper spreadsheets and early financial planning tools. Multi-dimensional cubes in tools like Planning Analytics quantum-leaped over spreadsheets. Quantum computing takes advantage of the laws of quantum mechanics found in nature and represents a fundamental change from ‘classical information processing’. Qubits, quantum gates, and quantum entanglement will similarly revolutionise the way information is processed using classical computing.

Through the IBM Q Network, early adopter organisations are given access to IBM’s most powerful quantum computing systems for business and science applications. The IBM Q Experience has over 100,000 users who’ve run nearly 7 million experiments. Qiskit is an open-source quantum software development kit.

It’s not a matter of if, but when, quantum computing can help organisations reimagine their analytic workloads. What would happen if an organisation’s analytics tools could calculate a million times faster? Quantum computing could not only greatly accelerate computations, but lead to breakthroughs in their operations and corporate strategies. And we’re not the only optimists. IBM CEO Ginni Rometty sees revenue coming in from its quantum computing solutions by 2021.

Find out more about IBM’s quantum computing efforts on their website. And while we wait for tech to take a quantum leap, check out our approach to corporate planning and schedule a discovery call to find out how we can help optimise your business performance through analytics.