Growing Quantum Capabilities
Quantum mechanics, the theory underlying quantum technology, emerged in the early 20th century. However, it wasn’t until the late 20th century that the potential for quantum computing began to be explored.
Four Areas of Quantum:
- Quantum Computing: Leveraging quantum phenomena to perform complex calculations beyond the capabilities of classical computers. This holds the potential to revolutionize fields like drug discovery, materials science, and artificial intelligence.
- Quantum Security: Utilizing quantum mechanics to develop secure communication networks and protect sensitive data from increasingly sophisticated cyber threats.
- Quantum Networking: Creating networks that rely on quantum phenomena to transmit information with unparalleled security and efficiency.
- Quantum Sensing: Harnessing the sensitivity of quantum systems to develop highly accurate sensors for applications in healthcare, environmental monitoring, and navigation.
The sensing capability stands out as a particularly promising area with near-term applications. Sensors can offer precision with early disease detection, enhanced navigation and improved environmental monitoring. The quantum sensing market is projected to reach $1.3 billion by 2028, with a CAGR of 13.4%, according to Global Market Insights.
Take the Quantum Leap
During the third day of FEI 2025, Leslie Shannon, Head of Trend and Innovation Scouting at Nokia, will give the keynote presentation, “Unpacking Quantum For Innovation and Your Organization.” Quantum technology, while seemingly futuristic, is rapidly approaching mainstream adoption. This session demystifies the quantum landscape, providing a foundational understanding of its potential impact on innovation and business strategy.
The session will examine a brief history of quantum mechanics, and how today we stand on the cusp of a quantum revolution, with significant advancements being made across various quantum domains. This includes quantum computing, security, networking and sensing capabilities. Quantum sensing stands out as a particularly promising area with near-term applications.
This session further provides attendees with an understanding of the current state of quantum technology; insights into the four key areas of quantum and their potential applications; a deep dive into the promise of quantum sensing; and strategies for preparing for the quantum era and incorporating quantum technologies into their organizations. Join us to explore the fascinating world of quantum technology and discover how it can drive innovation and transform your organization.
The Promise of Quantum Technology
Quantum technology could create value worth trillions of dollars within the next decade, according to McKinsey & Company. While some categories are in the early phases, research and development of this growing field shows substantial promise.
In McKinsey’s third annual Quantum Technology Monitor, the company synthesizes the latest opportunities in this burgeoning field. In the article accompanying the report, “Steady progress in approaching the quantum advantage,” McKinsey notes that four sectors—chemicals, life sciences, finance, and mobility—are likely to see the earliest impact from quantum computing and could gain up to $2 trillion by 2035.
Investments in the public and private sectors are increasing. Talent development, the consulting company notes, is also growing while countries need to “focus on broad collaborations to build strong capabilities” in quantum as the field progresses. This means that academic hubs, government support, entrepreneurship, and industry partnerships should all play a role in future growth—and the impact on the innovation community could be substantial. “Developing and scaling such regional innovation ecosystems (including research consortiums) will be a determining factor for achieving wide adoption and commercialization of quantum technology,” observes McKinsey.
Video courtesy of Massachusetts Institute of Technology (MIT)
