Data Related Concepts

Quantum Computing

Quantum computing is the study of how to use phenomena in quantum physics to create new ways of computing to solve certain problems. Quantum computers can be used in taking large manufacturing data sets on operational failures and translating them to combinatoric challenges that, when paired with a quantum-inspired algorithm, can identify which part of a complex manufacturing process contributed to incidents of product failure. IDC’s forecast for the worldwide quantum computing market, projects customer spending for quantum computing to grow from $412 million in 2020 to $8.6 billion in 2027, at a CAGR of 50.9% over 2021 – 2027.