New Study Reveals Growing Commercial Activity and Investment in Quantum Computing
07 December 2022 - 12:00AM
Business Wire
More than 80% of respondents looking to move
forward with increased commitment to quantum computing in next two
to three years; more than one-third will invest at least $15M USD
annually in quantum computing efforts
Companies see promise of QC for wide range of
use cases, including machine learning applications,
finance-oriented optimization, and logistics/supply chain
management
D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing
systems, software, and service, and the only provider building both
annealing and gate-model quantum computers, commissioned Hyperion
Research, the high performance computing analyst group, to conduct
a study to better understand the challenges and opportunities
experienced by commercial early adopters of quantum computing (QC).
The study, which required that the 300 organizations surveyed are
currently engaged in some form of quantum computing efforts,
analyzes the behaviors, perceptions and experiences of today’s
commercial quantum computing users. It offers insight into
companies’ strong desire to move forward with continued QC
adoption, as 80% of respondents plan to increase their QC
commitment in the next two to three years, and reveals the top
value drivers for adopting the technology, namely enhanced business
process efficiencies and increased revenue.
Key takeaways include:
Increase of QC Investment Expected to Continue
More than 80% of survey respondents plan to move forward with an
increased commitment to QC in the next two to three years.
Specifically, about half are planning to move forward but at a
measured pace with modest increases in funding and internal
resources commitment, while one third are looking to move
aggressively to incorporate quantum computing into their overall
compute environment. About one third of respondents foresee annual
QC budgets that exceed $15M (USD), and one fifth that exceed $25M
(USD), reflecting a growing near-term investment in the
technology.
QC Exploration and Adoption on the Rise
Respondents identified numerous stages of QC exploration and
adoption, signaling an uptick in enterprise quantum computing
adoption. The majority indicated they were exploring options and
monitoring technology developments, followed by performing quantum
use case analysis and prioritization. Respondents also assessed
current QC-related activities as positively addressing computation
requirements, with 97% noting process to-date was very or somewhat
successful.
Business Efficiencies, Increased Revenue Key Commercial
Drivers
When asked about the greatest value drivers for QC adoption,
respondents called out enhancing business process efficiencies,
increasing revenues, improving research capabilities, and gaining a
competitive advantage. Interestingly, European respondents were
nearly twice as interested in driving competitive advantage as US
counterparts.
Applicability of QC Spans Broad Set of Optimization Use
Cases
Respondents identified a wide range of potential use cases that
quantum computing could address, reinforcing QC’s potential to help
solve complex optimization problems. Machine learning applications
(49%) and finance-oriented optimization (48%) topped the list, with
logistics/supply chain management and modeling/simulation also
selected by more than four in ten respondents.
“Quantum computing’s early adopters are recognizing the
technology’s broad applicability in terms of industries and
workflows, its numerous value and organizational benefits, and its
growing importance to any commercial business’s compute
environment,” said Bob Sorensen, chief analyst for quantum
computing at Hyperion Research.
“As quantum computing exploration and adoption continue to
ascend in importance to the modern enterprise, it’s clear that
companies are experiencing traction and looking to double-down on
their quantum investment,” said Dr. Alan Baratz, CEO of D-Wave.
“Organizations are increasingly recognizing the impact practical
quantum solutions can have on solving their most complex
computational problems, thereby driving operational efficiencies
and fueling growth. The feedback from companies in this study
reflects what we’re hearing from our customers – practical quantum
computing is unlocking near-term business value and is quickly
becoming an essential tool in helping achieve competitive
advantage.”
About the Study:
The study draws heavily on a survey of QC early adopters
conducted from August through October of 2022, which collected
responses from 300 US and European organizations that had QC
development or end use activity already in effect, 2022 total
revenue estimates of at least US$15 million, and overall IT budgets
of US$5 million or more.
The full survey results and insights from Hyperion Research can
be downloaded here. Additionally, D-Wave is hosting a webinar on
Dec. 15 with Hyperion to go in-depth on these findings.
Registration for the webinar is available here.
About D-Wave Quantum Inc.:
D-Wave is a leader in the development and delivery of quantum
computing systems, software, and services, and is the world’s first
commercial supplier of quantum computers—and the only company
building both annealing quantum computers and gate-model quantum
computers. Our mission is to unlock the power of quantum computing
today to benefit business and society. We do this by delivering
customer value with practical quantum applications for problems as
diverse as logistics, artificial intelligence, materials sciences,
drug discovery, scheduling, cybersecurity, fault detection, and
financial modeling. D-Wave’s technology is being used by some of
the world’s most advanced organizations, including NEC Corporation,
Volkswagen, DENSO, Lockheed Martin, Forschungszentrum Jülich,
University of Southern California, and Los Alamos National
Laboratory.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221206005158/en/
Media Contact: Jill Wroblewski AxiCom
media@dwavesys.com
D Wave Quantum (NYSE:QBTS)
Historical Stock Chart
From Mar 2024 to May 2024
D Wave Quantum (NYSE:QBTS)
Historical Stock Chart
From May 2023 to May 2024