Key takeaways

• Quantum computing is a powerful technology that can compute complex problems faster than classical computers.

• Big tech companies are investing money in this new technology because of its great potential and many benefits.

• This forward-looking technology can be abused to decrypt data and break authentication protocols.

• Organisations need to adopt quantum-resistant security solutions. 

A quick look at the benefits of quantum computing

Four benefits of quantum computing

#1:

It can drastically improve drug and vaccine research development.3

#2:

It can boost chemical and materials research.4

#3:

It can allow industries such as automotive, chemicals, financial services, and life sciences to rack up US$1.3 trillion in value by 2035.5

#4:

It can be used to overcome 5G and 6G challenges.6

How advances in quantum computing could put your organisation at risk

Quantum computing renders public key cryptography (PKC), otherwise referred to as asymmetric cryptography, vulnerable to decryption.⁷

During the first quarter of 2023 alone, more than six million data records were stolen by malicious actors.⁸

Preparing for a post-quantum world with Singtel Quantum-Safe Network

Tech investors put down US$2.35 billion into quantum technology companies.⁹

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