Quantum technology is poised to transition from theoretical concepts to real-world applications within the next five years. This shift necessitates laying the groundwork now to capitalise on emerging opportunities. Quantum computers, leveraging qubits, offer advantages in modelling physical systems, particularly for chemistry and materials science, enabling faster identification of molecules for pharmaceutical or engineering uses. They can also process data using mathematical techniques inaccessible to classical computers, revealing patterns in areas from biology to finance.
Quantum sensing, imaging, and timing are also finding practical use cases. Quantum sensors can detect underground hazards, while advanced atomic clocks enhance precision in online communication, navigation, and global stock trading. Major tech companies and states are investing heavily in quantum hubs to attract talent and build ecosystems. D-Wave's annealing quantum computing technology is already being used for real-world applications across industries. Quantum computing enhances Nuclear Magnetic Resonance (NMR), potentially revolutionising drug discovery and materials science by efficiently modelling intricate interactions.
To fully leverage quantum technology, focus must be placed on infrastructure, talent, and practical applications. Advanced quantum communication infrastructure is essential for connecting quantum systems and creating secure communication channels. Overcoming research barriers will enable the scaling up of these technologies, supporting economic growth and societal benefits.
