India’s investment in developing quantum computing and applications will reap rich dividends in the future. Explain (200 Words)
Refer - Financial Express
Enrich the answer from other sources, if the question demands.
IAS Parliament 3 years
KEY POINTS
· Quantum Computing can accomplish tasks at a pace impossible for traditional computers. In classical computing, information stored in bits accepts the discrete values of either 0 or 1.
· QC derives from the principles of quantum mechanics. It can solve multiple problems simultaneously and produce numerous scenarios within a fraction of time. It can also coordinate computers that are physically away from each other, and thus, their effects can be applied in multiple geographies irrespective of their location.
· QC can make the entire process faster, cost-effective and enable pharma companies to get medicines to people more swiftly and effectively for a wide range of diseases and conditions.
· QC has the potential to solve the problems through quantum-based optimisation along with Artificial Intelligence (AI). Besides, QC has the capability to scale-up production scheduling in manufacturing a drug.
· Moreover, the quantum-inspired optimisation algorithm can help improve the efficiency of the supply chain by determining the number of carriers, types of carriers, size of carriers, warehouses or distribution centres to load items, their quantities, timing, frequency, unloading strategy, and so on.
· QC can be implemented in many exciting applications such as running simulations of future states, large-scale optimisation of processes in businesses and industries, DNA and other forms of molecular modelling, extensive database access, encryption and information security, stress analysis for mechanical systems, financial portfolio optimisation, detection of fraudulent transaction, amongst others. Researchers have analysed extensions of game theory through QC in detail as well.
· Another significant potential contribution of QC would be from a sustainability perspective. It will likely evolve to be tremendously energy efficient.
