Trends Report

The State Of Quantum Computing, 2024

 and  five contributors
Dec 05, 2024

Summary

Quantum computing platforms have made significant strides, but they still fall short of demonstrating practical quantum advantage. Despite improvements in qubit count, coherence time, and gate fidelity, the technology remains experimental, with broad-scale applications likely still a decade away. Key developments in optimization, quantum simulation, and quantum machine learning show promise for specific industries like finance and pharmaceuticals, yet challenges such as high error rates and scalability persist. This report outlines the current state of quantum computing, highlights recent advancements, and offers strategic recommendations for tech leaders preparing for a quantum future.

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