Industry Impacts
As quantum technologies rapidly develop, industries will be able to solve more complex problems.
Applications to industry areas
Quantum technology will impact widely on almost all areas of life just as classical information technology has done. The applications for quantum technology cut across health, agriculture, finance, transport, ICT, security and defence.
As quantum technologies rapidly develop, industries will potentially be able to solve complex problems not easily achieved by classical computers. We are already seeing some of these technologies being applied in some industry areas today.
Pioneering Quantum Solutions: NSW's Role in Tackling Industry Challenges
The Quantum Algorithms and Applications study highlights how New South Wales' deep expertise in quantum algorithms and software positions it to develop the necessary hardware to address the significant challenges of our future.
The report delves into the scientific and ecosystem conditions essential for quantum technology to revolutionise industries. It includes use cases and highlights innovations ranging from developing more efficient battery technologies to creating safer, more sustainable materials and pioneering new methods for manufacturing life-saving pharmaceuticals.
For the first time, the report maps out the full capabilities of the NSW quantum sector, providing both government and private entities with a comprehensive view of the vast opportunities available.
The Quantum Algorithms and Applications Study was commissioned by the Office of the NSW Chief Scientist & Engineer and authored by Professor Michael Bremner and Associate Professor Simon Devitt from the University of Technology Sydney.
Potential industry impacts
Health & Pharmaceuticals
- Accelerate drug discovery and development
- Improve understanding of biological mechanisms
Financial Services
- Efficient detection of fraudulent behaviour
- Dynamic portfolio optimisation
Environment
- Development of new gradiometers for non-invasive exploration
- Reduce CO2 in fertiliser production
Defence & Cyber Security
- Protect national cyber infrastructure
- Ultra-precise timing for navigation
Manufacturing
- Discovery of new high-tech materials
- Enhanced sensing and measurement
Transport & Infrastructure
- Improve the efficiency of mass transit systems
- Optimise solutions to vehicle routing problems
