The computing ecosystem has had deep influences on society and changed lives in a myriad of ways. Despite decades of impressive Moore’s Law performance scaling, there are still important potential applications of computing that remain out of reach of current conventional computer systems. Specifically, there are computational applications whose complexity is so immense that conventional computers, even supercomputers, do not have the computational power or memory capacity to solve them.
Some of these seemingly unsolvable problems may be addressed by quantum computers, including molecular dynamics simulations (to better understand chemical reactions), drug discovery, and developing compounds for better solar cells, more efficient batteries, and new kinds of power lines that can transmit energy losslessly. Quantum computing will also better address weather forecasting and climate modeling.
Conventional computers are restricted by their use of bits, represented by 1s or 0s. Quantum computers tap into the counterintuitive world of quantum mechanics by using quantum bits or qubits. Qubits can encode information as 1s and 0s, or both at the same time, using a quantum mechanics phenomenon known as superimposition. Think of the analogy of a coin. If you throw it in the air and let it fall, it will either land on heads or tails. But if you spin it fast enough, it can be both values at the same time. But that’s not all—quantum computers us… Continue here »
KROST Quarterly is a digital publication that highlights some of the hot topics in the accounting and finance industry. Volume 3, Issue 1 highlights some of the hot topics in the technology industry, including technology trends in media entertainment, privacy laws, 83(b) elections, R&D tax credits for software development, quantum computing, and more.