businessinfomag.uk magazine 16 The world of information technology is in constant flux. In recent times we have seen the rise of cloud computing, the growth of data management and the arrival of artificial intelligence (AI). Now, another transformative wave is on the horizon: quantum computing. And its implications for even the smallest business are profound and far-reaching. Quantum computers aren’t just faster than conventional computers, they are designed to tackle specific, complex problems that are currently impossible even for the world’s most powerful supercomputers. While most quantum computers remain in research labs, beyond the budget of all but the biggest and richest companies, another type of quantum computer, called a quantum annealer, is already commercially viable. More akin to a traditional computer processor, the quantum annealer is adept at finding the best possible solution (from an enormous number of options) to optimisation problems faced by businesses of all sizes. A courier business, for example, might use it to identify the most efficient routes, taking into consideration real-time traffic, weather, vehicle capacity, delivery windows and staff availability, while a boutique clothing store might use quantum insights to ensure they have the right stock at the right time, maximising sales and minimising dead inventory. While the opportunities of quantum computing are immense, it also presents a challenge, as algorithms running on quantum computers could break current encryption standards, rendering much of today’s online security obsolete. Sensitive data, financial transactions and confidential communications that are secure today could become vulnerable in the future. This is referred to as the postquantum cryptography (PQC) era – and it is something businesses of all sizes can start to prepare for now, with a target deadline of 2030 for transitioning critical systems. For a small business, this might seem daunting, but it is important to note that you don’t need a quantum computer to implement PQC: PQC algorithms that protect against quantum threats are designed to run on conventional PCs. Furthermore, as cloud-based quantum computing-as-a-service (QCaaS) become more accessible, the barrier to entry will decrease. Companies like IBM, Google and Microsoft are already offering access to quantum hardware and development tools, democratising this powerful technology. Those who begin to integrate quantum thinking into their business strategy will gain a significant competitive advantage over their rivals. Preparing for the quantum future So, what steps can your small business take today to prepare for the quantum revolution? Conduct a feasibility analysis: The first step is to understand what quantum computing is and what it can (and cannot) do for your business. Focus on understanding the types of problems quantum computers are good at solving, particularly optimisation and simulation. Consider the computational requirements and data complexity of the problems you face. Start small and experiment: You don’t need to buy a quantum computer – many providers offer QCaaS, allowing you to access quantum computing power via the cloud. This is the most practical way for small businesses to experiment. Internal training: Invest in ‘quantum literacy’ for your core team to boost their understanding of its potential applications. Workshops, online courses and internal knowledgesharing sessions can be highly effective. Allocate budget for training existing staff or hiring individuals with an aptitude for analytical thinking and technology. External partnerships: Explore collaborations with universities, research institutions or quantum computing companies. Many universities have departments focused on quantum technologies and may be open to partnerships or student projects that could benefit your business by providing access to expertise and new research. Have a transition plan: Start planning how you will migrate to quantum-resistant cryptography. Initially, investment in equipment will be minimal and focused on ensuring your existing IT infrastructure and network capabilities are robust enough to access QCaaS platforms and implement PQC solutions. Form a project team or assign a champion: Designate an individual or small group to stay informed about quantum developments relevant to your industry, research new applications, monitor trends and identify opportunities or threats. Re-evaluate your business plan: As quantum computing matures, it will unlock new possibilities. Consider how these advances might impact your business model. Could you offer new services based on quantum-enhanced analytics? Quantum computing is not a distant theoretical concept; it’s an evolving reality that will impact businesses of all sizes. Don’t wait for the future to arrive; start building your quantum-ready strategy now. Iain Wham, Managing Director of IT support provider Innovec, explains what businesses must do to prepare for the era of quantum computing Are you ready to take the quantum leap? OPINION Iain Wham
RkJQdWJsaXNoZXIy NDUxNDM=