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KIROI - Artificial Intelligence Return on Invest: The AI strategy for decision-makers and managers

KIROI - Artificial Intelligence Return on Invest: The AI strategy for decision-makers and managers

Start » Quantum Computing (Glossary)
23 April 2024

Quantum Computing (Glossary)

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Quantum computing is primarily at home in the areas of Artificial Intelligence, Digital Transformation, and Big Data and Smart Data. This term describes a completely new type of computer technology that is based on the rules of quantum physics. In contrast to classical computers, which work with so-called bits (each bit is either 0 or 1), quantum computers use so-called qubits. A qubit can be 0 and 1 simultaneously, which can extremely accelerate many computational processes.

Imagine you have a vast labyrinth and need to find the quickest way out. A classic computer would go through all the paths one by one. Quantum computing, on the other hand, can test many paths simultaneously, finding a solution much faster.

This technology will primarily be needed in the future where very large amounts of data need to be analysed at lightning speed – for example, in the healthcare sector for drug development, in the financial industry for risk analysis, or for optimising supply chains within companies. Quantum computing is still under development, but it has the potential to radically transform digitalization and open up new possibilities for business, science and society.

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