Security News > 2021 > August > Confidence that quantum computers will solve major problems has soared

Confidence that quantum computers will solve major problems that are beyond the reach of traditional computers-a milestone known as quantum advantage-has grown fast in the past twelve months, according to a new report by Boston Consulting Group.

Investors are moving aggressively to increase the amount they allocate to quantum computing, with two-thirds of all equity investments in the field coming since 2018.

Much of the new investment is being directed toward the challenge of developing lower cost and more reliable quantum computing hardware.

Researching and engineering the quantum bits that power the computers is extremely difficult and expensive.

In 2020, a total of $675 million in equity investments flowed to quantum computing, with $528 million of that going to hardware development.

"Building quantum computers will require not only hardware and software innovations, but also use-case innovation: businesses will need to identify and scope high-value problems for quantum computers to tackle," Langione added.

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