Quantum computing technology is gradually transitioning from the confines of laboratories to the commercial industry. While mainstream adoption is still uncertain, numerous companies are currently exploring quantum computing solutions, often with the help of paying customers. University of Cambridge and the Bandung Institute of Technology emphasizes that this is a crucial period during which the world has an opportunity to prepare for what they call a "quantum revolution."
In a recent commentary in the journal Nature, Chander Velu and Fathiro Putra describe the "productivity paradox" and its potential impact on economic growth for a decade or more once quantum computing becomes mainstream. This paradox refers to the phenomenon where the introduction of New and improved technologies do not immediately lead to increased productivity. Similar challenges are being observed in various aspects of the blockchain and cryptocurrency industry, where the demand for mining drives up costs, hindering immediate entry into the market.
To understand the productivity paradox, the researchers refer to the period from 1976 to 1990 when labor productivity growth slowed down due to the transition from paper-based to computer-based systems. The costs of this transformation, coupled with the need to retrain workforces and Establishing new workflows, caused growth to stall temporarily until the consolidation of computer-based systems in the mid-1990s.
Quantum computing is now facing a similar dilemma as it transitions from utility to potential commercial backbone technology. The researchers identify two major obstacles in this process: a lack of general understanding of quantum technology and risk aversion among leaders. While some businesses with clear use cases may readily adopt quantum solutions, risk-averse companies seeking immediate impact might hesitate due to the perceived rate of return.
To encourage the adoption of quantum computing, the researchers suggest that governments and researchers focus on showcase its potential benefits and developing accessible language to explain the necessary concepts to the business community and the public. Portance of preparing a secure "quantum internet" as a priority for the future of quantum computing.
