Quantum Computing Use Cases and Business Applications

Digital, Technology, and Data

Quantum computing is still a nascent technology. Yet early applications are coming sooner than you think. BCG helps companies develop their strategies, skills, and ecosystems—and prepare to reap the rewards.

Quantum computing’s giant-leap moment is still years down the road, but this technology is showing promising rewards—drug discovery, climate change, and finance are just some of the areas that can benefit from early advances. Businesses that start planning now can establish a first-mover advantage.

That’s because quantum computing—which leverages quantum physics to perform complex calculations at tremendous speed—can solve problems that are impossible or impractical for classical computers.

We help companies consider where, and how, they can apply quantum advantage—use cases in which quantum computing, even in its nascent form, can tackle problems faster and better than transistor-based computers. It can be a competitive advantage, too—for companies that set the stage for success.

Jean-François Bobier

Partner & Director

Paris

Quantum Computing Applications

While we expect quantum advantage to be a reality by 2023 to 2025, we help companies identify the opportunities they can seize in the early going—as well as those that lay further ahead. And it’s not just about the commercial applications of quantum computing. We also uncover uses that can deliver important social impact.

Some of the most promising use cases for quantum computing are:

Advancing Pharma R&D

Improving Speed and Accuracy in Finance

Combating Climate Change

What Happens When ‘If’ Turns to ‘When’ in Quantum Computing?

No one can afford to sit on the sidelines as this transformative technology accelerates toward several critical milestones. It’s time to plan when and where to place your bets.

Our Approach to Quantum Computing Consulting

As quantum technology emerges from the lab, companies can turn innovation into impact by identifying—and delivering—practical applications. But quantum computing is not a plug-and-play technology. Companies will need time, and a plan, to build the necessary skills and navigate new resources.

Our quantum computing consultants are well versed in the intricacies of deep tech—novel technologies that tackle substantial scientific challenges, require long-term development, and involve a large and diverse ecosystem. We take a multipronged approach to helping companies realize the benefits of quantum computing.

Quantum Strategy and Vision. Winning with quantum computing means understanding where it fits within a business context. We help companies link the technology to the most relevant opportunities and pain points, identifying early wins while developing a roadmap for creating value as quantum technology matures.

Quantum Resources. Already, companies can experiment with cloud-based quantum-computing power, simulators that run on laptops, and open-source quantum software development kits. We help companies navigate these new resources so that they can start exploring how to apply quantum technology to real-world applications.

Quantum Ecosystem and Partnerships. The quantum journey isn’t one companies make alone. An ecosystem of players—focusing on a variety of technology- and industry-specific topics—is emerging. We help clients create the partnerships and connections that bring the knowledge, capabilities, and collaboration that can accelerate their path to value.

Quantum Talent. Across industries, leading companies are building teams to explore quantum computing. And as the technology matures, the need—and demand—for quantum skills will increase. We help companies develop their internal capabilities, through recruitment strategies, upskilling, and a culture that attracts—and unleashes—quantum talent.

BCG’s Latest Insights on Quantum Computing

Ensuring Online Security in a Quantum Future

The system that we have relied on for years to protect our online activities and communications is in danger of becoming obsolete.

A Quantum Advantage in Fighting Climate Change

In the coming decade, quantum computing could improve existing zero-emission technologies and contribute to the creation of new ones.

It’s Time for Financial Institutions to Place Their Quantum Bets

This emerging technology could be a game-changing opportunity—and an existential threat.

Where Will Quantum Computers Create Value—and When?

The radical new technology promises to create value of more than $450 billion annually. But the gains will be far from equally distributed.

Will Quantum Computing Transform Biopharma R&D?

Quantum computing has the potential to significantly accelerate drug discovery while enhancing quality and reducing costs.

TED@BCG: The Promise of Quantum Computers

What if microparticles could help us solve the world's biggest problems in a matter of minutes? Matt Langione, a principal at BCG, shares why industries should prepare now for the new leap in quantum computing.