Quantum computing, quantum innovation and entrepreneurial opportunities
Ataullah Kiani · Academy of Management Proceedings · 2021
Quantum computing and information processing use quantum phenomena such as quantum state superposition and entanglement to exponentially perform calculations with high-level accuracy. Progress towards the development of the large-scale quantum computer is becoming a reality and these events mean the 21st century could be called “The Quantum Age.” Innovation in quantum technologies is one of the hot topics and intricate challenges to the scientific and business community to cope with modern economic and entrepreneurship goals. To have a strong business market and entrepreneurship, we need to have a strong awareness of the latest technological aspects and developments, particularly quantum innovation which is one of the highest economic sinks in advanced countries. Although the largest economies of the world are devoting large amounts of government funds to develop quantum technologies, countries are competing to establish themselves as leaders in quantum innovation, but still, it’s very early to claim who will win the race. This paper is dedicated to outlining the entrepreneurship challenges and opportunities for the next quantum technology and innovation decades. Quantum devices have a very wide range of real-time applications e.g., defense, agriculture, interdisciplinary and fundamental research, health and medicines, artificial intelligence, geographical and geological implementation, space and upper atmosphere control and manipulation. The most noteworthy revolutions and discoveries of our time are gradually expected to be evident at Quantum levels. Numerous examples of varying Quantum technologies offer noteworthy results to present worldwide challenges in countless critical parts of the human endeavor and may also present outstanding prospects for active, courageous and scientifically knowledge entrepreneurs, innovators and investors.