Quantum computing, facts, myths and expected impact on the world

IMT Hyderabad, 07th March 2024: Institute of Management Technology (IMT), Hyderabad, on 07th March 2024, organized its fifth session of the Global Immersion Program (GIP). The session on “Quantum computing, facts, myths and expected impact on the world” was led by Mr. Georges Le Nigen, the Chief Business Development Officer at QPerfect. With over 3 continents under his belt (Europe, the US, and Asia Pacific), he holds 3 decades of experience in growing businesses. He has played a key role in several billion-dollar tech and SAAS companies, including TraceOne, Retail Solutions, SGS, and D-Wave. He currently focuses on building and deploying high-fidelity quantum computing simulation tools at QPerfect. Following Prof. (Dr.) Nitin Gupta’s, Chairperson – International Relations, IMT Hyderabad, welcoming remarks, Sayak Dutta, a first-year PGDM student, formally introduced the speaker to the students.

The session commenced with Mr. Georges Le Nigen talking about what quantum computing is. He briefly touched upon the quantum revolutions: the first quantum revolution, which provided the ability to manipulate groups of quantum particles, and the second quantum revolution, which introduced the ability to manipulate groups of atoms very precisely. He also spoke about how the field of quantum computing, while not very impressive in its current state, is only just beginning to boom. Pointing to the surge in government funding, he emphasized the growing interest of government in this field.

The speaker discussed the difference between classical computing and quantum computing, highlighting one of the main differences that classical computing consists of many transistors that are binary in nature whereas quantum computing consists of qubits that can represent multiple values simultaneously. While quantum computing is much more complex and gives us multiple possible outputs, Mr. Georges stressed upon the fact that there are no pure quantum computers and emphasized that quantum computers will always need a classical computer by their side, even in the future.

Mr. Georges addressed some of the common misconceptions and dispelled the myths surrounding quantum computing. He reminded students that while quantum computing technology shows promise, it is still in its early stages and cannot currently be relied upon as a solution for all problems, as some may believe. He then shed light on the tremendous speed at which the market for quantum computing is growing and the various companies and governments who have started to invest in it and try to find solutions for quantum computing.

Mr. Georges highlighted how quantum computing can offer significant value to society through simulation and optimization. He concluded the session by discussing the potential impact of quantum computing on job creation and future cryptographic risks. Mr. Georges emphasized his dedication, along with others, to making quantum computing accessible to the public. He believes that the widespread availability is essential for technology to move beyond research labs and have a real-world impact.

The session culminated with a Q&A session, during which the students actively posed their queries. Prof. (Dr.) Nitin Gupta thanked Mr. Georges Le Nigen for opening the audience’s eyes to the many new spheres that quantum computing will bring in the future.

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