Connects decision-makers and solutions creators to what's next in quantum computing

Bottlenecks Prevent Quantum Solving World’s Biggest Problems

World Economic Forum urges governments, businesses and research organizations to collaborate

Berenice Baker, Editor, Enter Quantum

September 14, 2022

2 Min Read
A globe made from digital pixels
The WEF says quantum computing could help tackle complex global problems.Getty

Quantum computing could help tackle complex global problems like disease, food and climate change, but misperceptions about the technology and an insufficient talent pipeline are stalling progress.

According to a new World Economic Forum (WEF) report, “State of Quantum Computing” and white paper, “Transitioning to a Quantum-Secure Economy,” quantum computing holds the key to solving the biggest issues facing the world. Ways in which it could do this include boosting personalized medicine, carbon sequestration, green hydrogen and ammonia production.

However, the WEF report says investment hype and security fears are creating misperceptions, and the demand for quantum computing expertise is outpacing the availability of skilled personnel, leading to a recruitment bottleneck.

The WEF found that global investments in quantum technologies are expected to total $35.5 billion by 2022 and companies are taking their first steps from research toward commercialization. But organizations are struggling to recruit people with experience in quantum computing or to upskill current employees.

The WEF identified three main areas in which quantum computing can address global challenges:

  • Atomic, sub-atomic and molecular simulation leading to possible breakthroughs in materials science and biology

  • Optimization and risk management in complex systems

  • Impacts on existing technology areas such as artificial intelligence, cybersecurity and blockchain

The WEF said these goals should guide leaders to assess quantum readiness, formulate a quantum strategy, build internal capabilities and align with top management and policymakers on critical focus areas.

“Quantum computing is a fundamentally new way of computing and could dramatically recast our ability to tackle climate change, hunger and disease,” said Derek O’Halloran, head of the WEF’s Shaping the Future of Digital Economy and New Value Creation platform.

“Its economic promise and potential to render common cryptographic technologies obsolete make it geopolitically strategic. But the knowledge gap and uncertainties that come with an emerging technology make it difficult for decision-makers to act. The report and the white paper aim to demystify quantum computing and give business executives and policymakers worldwide informed opinion for fact-based decision making.”

About the Author(s)

Berenice Baker

Editor, Enter Quantum

Berenice is the editor of Enter Quantum, the companion website and exclusive content outlet for The Quantum Computing Summit. Enter Quantum informs quantum computing decision-makers and solutions creators with timely information, business applications and best practice to enable them to adopt the most effective quantum computing solution for their businesses. Berenice has a background in IT and 16 years’ experience as a technology journalist.

Sign Up for the Newsletter
The most up-to-date news and insights into the latest emerging technologies ... delivered right to your inbox!

You May Also Like