Quantum Computing

Coforge Quantum Studio

Quantum computing has emerged as one of the most disruptive technology innovation, potentially creating new ways to approach computational problems. 

It works on quantum physics principles, which harness the exotic behavior of atomic and subatomic particles to perform significantly faster and more efficient computations. It can tackle complex problems that might take days and years to solve even if the most powerful supercomputers available today are used. 

Conventional computing is based on bits, which may assume values of 0 or 1. On the other hand, Quantum computing is based on Qubits, which acts as a two-state quantum-mechanical system. It can be in a superposition of both 0 and 1. Superposition is the ability of a quantum system to be in multiple states simultaneously. But perhaps, the most beautiful property of qubits is entanglement. Entangled qubits may share state properties that cannot be described independently, even when vast distances separate them. 

These properties make Quantum computing an ideal candidate to solve combinatorial problems extensively used in decision-making. Combinatorial problems involve exponentially large potential combinations of variables. The objective is to optimize factors of a given value by finding optimal combinations of the variables. 

Furthermore, conventional computing has hit the levels of miniaturization. The transistors on which conventional computing is based-on are so small that to get any smaller, Quantum's atomic and subatomic realm is required. So, the next logical step for advancement for new ways of computing is towards quantum computing.

The quantum computing application ranges from cryptography, drug development, financial modeling, traffic optimization, weather forecasting, climate change, machine learning, artificial intelligence to materials discovery. Every large organization (whether the government or a multinational firm) is investing in the quantum revolution. 

Quantum computing is on the cusp of commercial breakthrough due to significant research and development strides in recent times. It is poised to reap long-term benefits for the enterprises. It has a profound and disruptive impact on various business domains, including Banking and finance services (BFS), Insurance and Travel domains. 

To foster growth and continuous innovations in Quantum, Coforge has set up a Quantum Studio. It was launched at the Techcon2020 event, which demonstrated all our achievements, learnings, progress, and on-going engagements. 

The way ahead

Quantum computing is an evolving field. Enterprises can begin early by identifying where Quantum will impact the business and prepare quantum-ready applications. It will help the clients gain unique insights into the application of Quantum computing. One way to identify possible quantum problems based on existing quantum algorithms is to discover if these algorithms are adequate replacements for existing classical computing implementations. Also, suppose it can develop a quantum application to demonstrate the functionality. However, gaining quantum-edge enterprises must explore and identify potential use cases in respective business verticals.

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