Quantum computing offers tremendous potential and capabilities currently unachievable by traditional computers. When general-purpose quantum computers come online, they could help revolutionise methods of analysing and solving complex problems leading to disruption within key industries. Harnessing these capabilities could yield tremendous improvements; allowing companies to leap ahead of competitors. However, quantum computing also creates a risk to many of today’s encryption methods, potentially rendering them useless, exposing sensitive data and compromising critical business processes.
Protiviti’s Quantum Computing Services are helping clients prepare today to manage risks and identify opportunities to take advantage of this powerful capability. While practical applications of quantum computing are still a few years away, now is the time to prepare to ensure your business harnesses the power of quantum computing rather than becoming a casualty of the revolution.
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Classical computers use bits to represent zero or one. Quantum computing uses qubits, which can represent both zero and one simultaneously, thanks to the strange ability of subatomic particles to exist in more than one state at any time. Algorithms written to take advantage of qubits can perform certain types of computation more quickly and using less energy than classical computers.
So, what does this mean to your business?
On the positive side, organisations should view quantum computing as a competitive advantage. New quantum-inspired algorithms could bring innovative solutions and approaches to product development. In addition, quantum computing can reduce time to market and optimise customer delivery.
However, quantum computing also poses significant risk to organisations. Researchers have shown how general-purpose quantum computers could kill, or at least significantly weaken, current cryptography systems. A quantum computer of sufficient power will instantly render today’s security systems obsolete and break the encryption of sensitive data protected by today’s strongest security. When this performance threshold is passed, your organisation’s data, intellectual property (IP, patents, customer information and data) will be at risk. Any information shared on public channels now or in the future will be vulnerable. For industries such as Financial Services and Healthcare with significant regulatory requirements for data privacy and security, quantum will have a significant business, legal and ethical impact.
Example areas of risk:
The development of post-quantum encryption is underway. These are new capabilities and algorithms resistant to attacks by both classical and quantum computers and should keep information assets secure even after a large-scale quantum computer is available. Leading organisations such as the Chicago Quantum Exchange are advancing research and education in the science and engineering of quantum information.
While general-purpose quantum computers may still be several years away, organisations need to take steps today to prepare. Our Quantum Computing Services are helping organisations through Post-Quantum Readiness Workshops and more in-depth Post-Quantum Risk Assessments.
Key steps you should take today:
Through our Quantum Computing Services, Protiviti is helping organisations in all industries identify real use cases, determine the value, assess their risk and take action today to be post-quantum ready. Here are some examples of how quantum computing may be used across the industries.
Chicago Quantum Exchange Partner
Protiviti is proud to be a Corporate partner of the Chicago Quantum Exchange (CQE). Protiviti and CQE work together to bridge the gap between research and advancement on quantum computing and application and risk management for business.
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