Quantum computing is the latest technological trend in computing that is enabling industry professionals to achieve astounding scientific breakthroughs. While quantum can be understood as the smallest unit of a physical property like matter or energy, its use in quantum computing is a bit difficult to grasp for ordinary folks.

After all, the field of quantum computing, mainly involves individuals who have broad understanding and experience with quantum mechanics, linear algebra and theories about probability, machine learning and information.

A Simple Explanation of Quantum Computing from Forbes

A Forbes 2017 magazine article written by Bernard Marr, a strategic business and tech advisor to companies and government, describes quantum computing in simpler terms. According to Marr, quantum computers use qubits, which is short for quantum bits, instead of the bits that traditional computers are using.

To describe the difference between qubits and bits, Marr explained that a bit can take position on any of the two poles of a sphere. A qubit on the other hand, can be at any point within a sphere. A sphere in computers is the programming architecture framework supporting storage of data collected for processing.

This denotes that quantum computers make use of qubits that have the ability to keep huge amounts of info and at the same time, use less energy compared to traditional computers. Through a quantum sphere, computing can open gateways for new processors that work much faster than the current models in use today.

Industries that Use Quantum Computing

At the time Marr wrote the article, governments and huge tech companies like IBM and Google were already investing in quantum computing technology. They already expected that the technology will transform the world, as quantum computing can solve various computer shortcomings, whilst allowing efficiencies initially considered as impossible to achieve.

Recently, the capabilities of quantum computing played a significant role in efforts to prevent coronavirus from spreading and in the development of vaccines to counter the virus. Quantum computing became the instrument for monitoring, analyzing and challenging data, regardless of the data source.

In recent developments, many in the financial and banking sector are now using quantum computing for fraud detection, managing credit risk, and high frequency trading.