Today, technology innovation is creating both opportunities and threats for companies. AI is front and center but is not the only value driver nor the only threat. Quantum technology has made significant strides of late, with substantial potential opportunities, but very serious threats for cybersecurity. Technology is driving a massive transformation in healthcare, from alleviating dire care provider shortages and budget cuts, to creating exciting opportunities for disease prevention and treatment and more. These are just a few of the trends we are focused on today.
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Quantum computing technology has been about to happen for decades, but the momentum has accelerated, with significant technology developments, emerging real-world applications, government funding and mandates for post quantum security. McKinsey estimates that quantum could create up to $2.7 trillion of economic value worldwide by 2035 and that quantum revenue could grow to $4.4 billion by 2028, having already reached a commercial tipping point. What is quantum computing? what is the latest? and what should companies do?
Quantum computing has experienced significant recent developments, making Q Day, the day when a quantum computer can break existing cryptographic mechanisms ever closer, with some predicting it to happen in as little as three years. However, the road to quantum safety can be long. Therefore firms need to start auditing their assets for quantum safety and making migration plans. The board is responsible for making sure the firm has a plan to achieve quantum resilience
Companies in most industries need to act today to protect their communications, transactions, data and other from the impending threat to security caused by massive advances in compute power. In fact, it is expected that within the next 5 years, but perhaps much earlier, the security codes used today may be compromised. Fortunately, there are emerging solutions that provide a gradual migration path towards improved security in the age of quantum
