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UK Businesses Set to Triple Spending on Quantum Computing in Five Years

By IQT News posted 29 Nov 2019

(TechHQ) UK businesses are set to triple spending on quantum computing within the next five years. The powerful, next-gen capabilities presented by quantum computing will see the proportion of firms investing in it jump from 11 percent at present, to nearly a third (32 percent) in five years.
While quantum computing remains “further off” in terms of its real-world application, there is excitement about its real world possibilities, e.g., such as in solving highly-complex scheduling problems in manufacturing and logistics, cryptographic security, or pattern-matching to anticipate scenarios such as traffic jams.
Accenture Technology UK & Ireland Managing Director and Lead, Zahra Bahrololoumi, cautioned companies not to spend on “tech for tech’s sake”. “[…] greater investment doesn’t always equate to greater success,” said Bahrololoumi. “Tech adoption for tech’s sake often yields limited results or value.”

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