The sector of financial services have already adopted quantum technologies. Quantum computing is currently being deployed in fraud detection and encryption to risk forecast. This technology could transform space research, encryption, scientific discovery and artificial intelligence in ways never seen before. Apart from healthcare, quantum computers also seek to optimize complex systems, like global supply chains and traffic flow in cities. This could save resources, curtail inefficiencies and create waste-free, smarter cities. How does quantum computing work? Contrary to traditional computers, quantum computers use qubits that incredibly handle complex calculations and faster in performance. Traditional computers use bits which can either be 0 or 1, while quantum computers use bits which can be both 0 and 1 at the same time. This enables them handle massive data processing. Tasks that could take years to be accomplished can be done in seconds. The emerging comp...
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