Quantum Computing Use Cases and Business Applications

Our Approach to Quantum Computing Consulting

As quantum technology emerges from the lab, companies can turn innovation into impact by identifying—and delivering—practical applications. But quantum computing is not a plug-and-play technology. Companies will need time, and a plan, to build the necessary skills and navigate new resources.

Our quantum computing consultants are well versed in the intricacies of deep tech—novel technologies that tackle substantial scientific challenges, require long-term development, and involve a large and diverse ecosystem. We take a multipronged approach to helping companies realize the benefits of quantum computing.

Quantum Strategy and Vision. Winning with quantum computing means understanding where it fits within a business context. We help companies link the technology to the most relevant opportunities and pain points, identifying early wins while developing a roadmap for creating value as quantum technology matures.
Quantum Resources. Already, companies can experiment with cloud-based quantum-computing power, simulators that run on laptops, and open-source quantum software development kits. We help companies navigate these new resources so that they can start exploring how to apply quantum technology to real-world applications.
Quantum Ecosystem and Partnerships. The quantum journey isn’t one companies make alone. An ecosystem of players—focusing on a variety of technology- and industry-specific topics—is emerging. We help clients create the partnerships and connections that bring the knowledge, capabilities, and collaboration that can accelerate their path to value.
Quantum Talent. Across industries, leading companies are building teams to explore quantum computing. And as the technology matures, the need—and demand—for quantum skills will increase. We help companies develop their internal capabilities, through recruitment strategies, upskilling, and a culture that attracts—and unleashes—quantum talent.

Quantum Computing Applications

While we expect quantum advantage to be a reality by 2025, we help companies identify the opportunities they can seize in the early going—as well as those that lay further ahead. And it’s not just about the commercial applications of quantum computing. We also uncover uses that can deliver important social impact.

Some of the most promising use cases for quantum computing are:

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Advancing Pharma R&D

Using quantum computing, pharmaceutical companies could screen larger and more complex molecules, better map interactions between a drug and its target, and shave time—and costs—off the development process. The result: better diagnostics, medications, and vaccines, coming sooner and more efficiently to market.

Improving Speed and Accuracy in Finance

Over the next decade, quantum computers, along with quantum-inspired algorithms running on classical computers, can generate $2 billion to $5 billion in operating income for financial institutions. A key advantage of quantum technology is that it allows financial players to better manage uncertainty in decision making. The applications are far ranging: portfolio optimization, risk analysis, fraud detection, asset pricing, and capital allocation—for starters.

Combating Climate Change

Quantum computing can unlock new approaches for tackling climate change. Among the early applications: modeling molecular interactions involving 50 to 150 atoms, something that classical computers cannot do. This could spark the development of better and more efficient chemical catalysts, which, in turn, could reduce emissions and enable more robust carbon-capture-and-storage solutions. Further down the road, quantum technology could help in the development of lighter and stronger materials for building cars and aircraft.