The Top Six Quantum Computing Trends for 2024

In the past few years, we have witnessed rapid advancements in the field of quantum computing (QC), which triggers the potential revolutionization in various industries, such as healthcare, supply chain, and manufacturing. This technology can perform complex computations at an unimaginable speed when compared to classical computers, even against quantum threats.

According to the National Institute of Standards and Technology (NIST), the post-quantum cryptography (PQC) standards are expected to be completed by 2024, allowing quantum vendors and experts to keep up with the six QC trends that intersect machine learning (ML) and artificial intelligence (AI).

In today’s exclusive AI Tech Park article, we will delve into the top six quantum computing trends for 2024, providing detailed insight for quantum vendors and experts to harness the transformative power of this cutting-edge technology.

Quantum-Sensing Technologies

The implementation of quantum sensing technologies will enable IT organizations, quantum vendors, and experts to achieve unprecedented levels of sensitivity and precision in measuring and detecting applications. In 2024, businesses will leverage quantum sensor tools and applications for environmental monitoring, medical diagnostics, and mineral exploration to gather actionable insights and make informed decisions based on highly accurate data.

Quantum-Safe Cryptography

With the arrival of quantum computers, traditional cryptographic algorithms will become absolute and vulnerable to quantum attacks. Therefore, organizations will adopt quantum-safe cryptography solutions and technology to protect their sensitive data and communications from quantum threats. The implementation of quantum-safe algorithms, such as quantum key distribution or lattice-based cryptography, will become essential tools for securing digital assets and guaranteeing data privacy in a post-quantum world.

Quantum Machine Learning

Quantum computing, when intersected with ML, enables businesses to leverage quantum algorithms for pattern recognition, optimization, and predictive analytics. The quantum machine learning (QML) algorithms will unlock new insights from large data sets, accelerate model training processes, and enable more accurate predictions in numerous domains. The quantum vendors and experts can further explore the possibilities of integrating QML into the data and analysis section to make data-driven decisions to streamline innovation and develop a competitive advantage in this digital world.

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Quantum Machine Learning Platforms Empowering Small Businesses

With its enormous calculation speed, quantum computing (QC) has the potential to tackle a wide range of issues that traditional computers struggle to handle. The study of the nexus between quantum computing and machine learning is known as quantum machine learning (QML). Many small and medium-sized businesses (SMEs) and small-to-medium-sized businesses (SMBs) are searching for ways to use QML in all areas of science and technology. However, building quantum computers is a significant technical challenge; thus, with the help of QML algorithms and applications, numerous IT companies like IBM, Google, Xanadu, and many others have created several libraries and platforms that work as a subset of QC.

Top Three Scalable Quantum ML Platforms

Researchers and IT engineers have formulated a few QML cloud services that allow CEOs and IT professionals of SMEs and SMBs to have early access to quantum processing. Thus, to conduct a task properly, you need the right QML tools and applications. Here is a list of the top three QML platforms and tools:

IBM: Quantum Experience

IBM Q Experience, a product of IBM launched in May of 2016, is a cloud-based platform for programming and running quantum circuits on IBM’s quantum computers. It comes with several tools for creating and evaluating quantum machine-learning algorithms. Currently, this platform is offered on many transmon qubit processor-equipped quantum devices and simulators. Those with five and sixteen qubits can be accessed by everyone. However, the IBM Q Cloud Network offers devices up to 65 qubits.

Rigetti Computing: Forest

Forest, the first quantum-first cloud computing platform, was developed by a California-based startup IT company, Rigetti Computing. Its quantum processors (QPUs) are made available to users via the cloud and are seamlessly linked with classical computing infrastructure thanks to Quantum Cloud Services (QCS). With the help of the Forest SDK, users may create quantum programs in Quil, compile them, and execute them using a simulator.

Xanadu: Xanadu Quantum Cloud

Xanadu, an IT business started in Canada, offers Xanadu Quantum Cloud, which has three completely programmable photonic quantum computers, through cloud-based access. The company has a full-stack Python library with the codename Strawberry Fields, which is for designing, optimizing, and utilizing photonic quantum computers. This platform makes access to a unique set of near-term applications possible within quantum chemistry, finance, logistics, and cloud-based quantum machine learning.

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Harnessing the Power of Quantum Computing for Enhanced Machine Learning

Quantum computing (QC) and machine learning (ML) are the two most hot technologies that are being adopted in the IT field. QC has the power of quantum physics to perform computation by providing an unprecedented level of scalability and accuracy; on the other hand, ML has deep learning capabilities and intelligent automation as leverage to scale out large data sets. Thus, the combination of these two applications, i.e., QC and ML, can create new opportunities that could solve complex problems with greater accuracy and efficiency than the traditional way of computing could.

In this article, we will dive into how to implement quantum machine learning (QML) and what the best practices are for AI technologists.

Success Story- Quantum Machine Learning in Automotive Industry

The BMW Group is among the first automotive firms to take an interest in quantum computing. In 2021, BMW Group issued the Quantum Computing Challenge in association with AWS to crowdsource innovations around specific use cases, believing that quantum computing could benefit businesses by solving complex computing problems.

The objective was to determine if the image-trained machine learning system presently in use to detect fractures in produced elements might be improved. To properly train the model, high-resolution photographs of the manufactured components were required. In addition, the organization required a lot of them because those kinds of defects are quite uncommon. There is potential for improvement because obtaining and storing these photos requires time and memory.

BMW Group gave a statement that, “In light of the required human expertise to hand-tune algorithms, machine learning (ML) techniques promise a more general and scalable approach to quality control. Quantum computing may one day break through classical computational bottlenecks, providing faster and more efficient training with higher accuracy.”

After implementing the QML solution, the BMW Group has witnessed 97% accuracy by enhancing the classical algorithm by orchestrating quantum processing unit (QPU) calculations at a crucial part of the analysis. The Quantum model was trained on 40% of the whole dataset. In contrast, the Benchmark model was trained on 70%, which implies that the classical approach is more efficient and manages to provide accurate predictions without unnecessary inputs.

Future Implementation of Quantum Machine Learning

Quantum machine learning (QML) algorithms have the potential to solve maximum problems in a much faster time than the classical algorithm. According to IBM researcher Kristan Temme, there is strong evidence that QML is emerging at a significant speed in all industries. He quotes, “At this point, I’d say it’s a bit difficult to exactly pinpoint a given application that would be of value.”

There are also proven examples where QML has been an advantageous technology over classical computing.

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Embracing Quantum Machine Learning to Break Through Computational Barriers

In our previous articles, we have highlighted how machine learning (ML) and artificial intelligence (AI) can revolutionize IT organizations. But there is another very powerful resource that has the potential to change the traditional way of computing, which is called quantum computing (QC). In today’s article, we will highlight how to overcome computing limitations with quantum machine learning (QML) and what tools and techniques this technology can offer. But first, let’s take a quick glimpse of what quantum computing is.

Quantum computing is currently an emerging field that requires the development of computers based on the principles of quantum mechanics. Recently, scientists, technologists, and software engineers have found advancements in QC, which include increasingly stable qubits, successful demonstrations of quantum supremacy, and efficient error correction techniques. By leveraging entangled qubits, quantum computing enables dramatic advances in ML models that are faster and more accurate than before.

Usefulness of Utilizing Quantum Computing in Machine Learning

Quantum computing has the power to revolutionize ML by allowing natural language processing (NLP), predictive analytics, and deep learning tasks to be completed properly and with greater accuracy than the traditional style of computing methods. Here is how using QC will benefit technologists and software engineers when applied properly in their company:

Automating Cybersecurity Solutions

As cybersecurity is constantly evolving, companies are seeking ways to automate their security solutions. One of the most promising approaches is QML, as it is a type of AI that uses quantum computing to identify patterns and anomalies in large-scale datasets. This allows the companies to identify and respond to threats faster and reduce the cost of manual processes.

Accelerate Big Data Analysis

Quantum computing has gained traction in recent years as a potentially revolutionary technology that can be accurate in computing tasks and improve the speed of completing tasks. However, researchers are nowadays investigating the potential of QML for big data analysis. For example, a team of researchers from the University of California recently developed a QML algorithm that can analyze large-scale datasets more quickly and accurately than traditional ML algorithms.

The potential of QML algorithms is immense, and training them properly can be a major challenge for IT professionals and technologists. Researchers are finding new ways to address these problems related to the training of quantum machine learning algorithms.

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