The quantum cryptography market has changed considerably over the past decade. Computer analysts are currently experiencing an era of exponential growth in quantum cryptography, with experts predicting that this growth will continue until at least 2026.
Growth is driven by several key factors, including risks of the market, manufacturing activity, new trends, acquisitions, and the assessment of new technologies.
In October 2019, after years of theorising, Google announced that it had achieved quantum supremacy, facilitating completion of a complex calculation in just three minutes that would take a conventional computer 100,000 years to complete.
Quantum computing is creating huge excitement in analytics. These new developments could potentially revolutionise the field in a number of different ways. In a recent interview with Beta News, Prasad Kothari, VP of analytics and client solutions at The Smart Cube, explained the implications of recent quantum computing advancements.
Mr Kothari explained that quantum computing represents the dawn of a new era in IT. Today, some challenges are so complex that specialists simply do not have enough computational power to tackle them. Whether they relate to protein-protein interaction networks, or social networks, these challenges are just too big for conventional computers to handle. Quantum computing is likely to turn all of this on its head, enabling us to achieve previously unthinkable tasks.
Prasad Kothari explained that quantum computing differs from conventional computing in several ways. First, quantum computing confers the ability to look at issues not just in binary states, but by adopting the principles of superposition, i.e. assessing many different variables at the same time. This means analysts can store much, much more data. It also facilitates far more complex equations. Mr Kothari said that, in terms of complexity and sheer size of data sites, growth could continue year upon year through quantum computing, which could be of vital importance in terms of enabling us to put data to better use.
Mr Kothari added that quantum computing enables us to add almost infinite variables to simulations, and that this in turn provides far more detailed insights than ever before. This can prove particularly valuable when solving complex optimisation problems, be it figuring out the most efficient delivery route, or the best way to schedule flights.
Domen Zavrl is an associate of Framingham Asset Management, a major corporate shareholder in NLB (one of the largest Balkan banks). Mr Zavrl has two PhDs: one in System Dynamics and one in Applied Macroeconomics. Having studied Cryptography at Stanford University, Mr Zavrl is well aware of the potential opportunities created by recent breakthroughs in quantum computing, and how they could change the world of computer analytics forever.