Morgan Stanley said quantum computing will have dramatic implications across several industries during the next decade. <\/p>\n
Quantum computers use atomic particles and the laws of physics to perform calculations. They are faster than current computers and will enable much higher computing power, according to Morgan Stanley. <\/p>\n
\"With more companies moving quantum computers from the lab to commercial activities, we believe widespread quantum computing is about to become a reality and holds the key to double the high-end computing market,\" the firm's research team wrote in a note to clients Wednesday. <\/p>\n
\"We believe quantum computing could trigger the beginning of a fourth industrial revolution, with far reaching consequences for many sectors where computing power is becoming a limitation for R&D.\" <\/p>\n
Here are the industries and applications Morgan Stanley said will be most affected by the new computing paradigm: <\/p>\n
\"Financials, Pharma (drug discovery), Oil & Gas (well data analysis), Utilities (nuclear fusion), Chemicals (polymer design), Aerospace & Defense (plane design), Capital Goods (digital manufacturing and predictive maintenance), Artificial Intelligence, and Big Data search in general.\" <\/p>\n
The firm said IBM, Google, Microsoft and Nokia Bell Labs currently have the \"most credible\" quantum computing pipelines. <\/p>\n
With faster computing, \"classical algorithms, which would take years to solve on a current supercomputer, could take just hours or minutes on a quantum computer,\" they said. <\/p>\n
The analysts said that, according to IBM, the current size of the high-end computing market is $5 billion to $6 billion per year. Morgan Stanley predicts the market will grow to $10 billion a year in the next decade due to the rise of quantum computing. <\/p>\n
\"We expect the next 10 years to see a rebalancing favoring commercial vs consumer computing as quantum computers are able to solve many problems that could not be solved up until now,\" they wrote. <\/p>\n
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Morgan Stanley: This next big technology trend could start the 'fourth industrial revolution' - CNBC<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Morgan Stanley said quantum computing will have dramatic implications across several industries during the next decade. Continue reading