AiThority Interview with Dr. Alan Baratz, CEO at D-Wave – AiThority

Hi, welcome to the AiThority Interview Series. Please tell us a bit about yourself and what is D-Wave.

I am Dr. Alan Baratz, President and CEO of D-Wave (NYSE: QBTS).

D-Wave is a leader in quantum computing technology and the worlds first commercial supplier of quantum computers. Our technology has been used by some of the worlds most advanced organizations, including Volkswagen, Mastercard, Deloitte, Siemens Healthineers, Pattison Food Group Ltd, DENSO, Lockheed Martin, the University of Southern California, and Los Alamos National Laboratory.

The global quantum computing market is rapidly growing and some market analysts project it will reach upwards of 6 billion + by the end of this decade. As 2023 closes, it would be interesting to see how quantum computing influences 2024. The future of quantum computing would largely relate to a rapid government adoption, the future of work, and quantum supremacy.

With economists projecting a shallow recession in 2024, organizations will seek new technologies, such as quantum computing, to navigate adversity and bolster business resilience. Quantum technologies can accelerate problem-solving and decision-making for a wide range of common organizational processes, such as supply chain management, manufacturing efficiency, logistical planning, and employee scheduling. Amidst a challenging economic environment, quantums ability to fuel operational efficiencies is critical.

The industry will achieve a proven, defensible quantum supremacy result in 2024. Ongoing scientific and technical advancements indicate that we are far from achieving quantum supremacy. 2024 will be the year where quantum definitively outperforms classical, full stop. There will be clear evidence of quantums ability to solve a complex computational problem previously unsolvable by classical computing, and quantum will solve it faster, better, and with less power consumption.

The breakthrough weve all been pursuing is coming.

The US governments usage of annealing quantum computing will explode given the anticipated passing of legislation including the National Quantum Initiative and the National Defense Authorization Act. 2024 will see a rapid uptick in the quantum sandbox and test bed programs with directives to use all types of quantum technology, including annealing, hybrid, and gate models. These programs will focus on near-term application development to solve real-world public sector problems, from public vehicle routing to electric grid resilience.

The global quantum race will continue to heat up, as the U.S. and its allies aggressively push for near-term application development. While the U.S. is now starting to accelerate near-term applications, other governments like Australia, Japan, the U.K., and the E.U. have been making expedited moves to bring quantum in to solve public sector challenges. This effort will greatly expand in 2024.

Top public sector areas of focus will likely be sustainability, transportation and logistics, supply chain, and health care.

Quantum computing will show proven value and utility in daily business operations through in-production applications.

As we close 2023, companies are beginning to go into production with quantum-hybrid applications, so its no stretch of the imagination to see corporations using quantum solutions daily for ubiquitous business challenges such as employee scheduling, vehicle routing, and supply chain optimization. In time, it will become a part of every modern IT infrastructure, starting with the integration of annealing quantum computing.

See the original post here:

AiThority Interview with Dr. Alan Baratz, CEO at D-Wave - AiThority