D-Wave: New Study Reveals Growing Commercial Activity and Investment in Quantum Computing

December 6, 2022

BURNABY, British Columbia and PALO ALTO, Calif., Dec. 6, 2022– D-Wave Quantum Inc., a leader in quantum computing systems, software, and service, and the only provider building both annealing and gate-model quantum computers, has commissioned Hyperion Research, the high performance computing analyst group, to conduct a study to better understand the challenges and opportunities experienced by commercial early adopters of quantum computing (QC).

The study, which required that the 300 organizations surveyed are currently engaged in some form of quantum computing efforts, analyzes the behaviors, perceptions and experiences of today’s commercial quantum computing users. It offers insight into companies’ strong desire to move forward with continued QC adoption, as 80% of respondents plan to increase their QC commitment in the next two to three years, and reveals the top value drivers for adopting the technology, namely enhanced business process efficiencies and increased revenue.

Key takeaways include:

Increase of QC Investment Expected to Continue

More than 80% of survey respondents plan to move forward with an increased commitment to QC in the next two to three years. Specifically, about half are planning to move forward but at a measured pace with modest increases in funding and internal resources commitment, while one third are looking to move aggressively to incorporate quantum computing into their overall compute environment. About one third of respondents foresee annual QC budgets that exceed $15M (USD), and one fifth that exceed $25M (USD), reflecting a growing near-term investment in the technology.

QC Exploration and Adoption on the Rise

Respondents identified numerous stages of QC exploration and adoption, signaling an uptick in enterprise quantum computing adoption. The majority indicated they were exploring options and monitoring technology developments, followed by performing quantum use case analysis and prioritization. Respondents also assessed current QC-related activities as positively addressing computation requirements, with 97% noting process to-date was very or somewhat successful.

Business Efficiencies, Increased Revenue Key Commercial Drivers

When asked about the greatest value drivers for QC adoption, respondents called out enhancing business process efficiencies, increasing revenues, improving research capabilities, and gaining a competitive advantage. Interestingly, European respondents were nearly twice as interested in driving competitive advantage as US counterparts.

Applicability of QC Spans Broad Set of Optimization Use Cases

Respondents identified a wide range of potential use cases that quantum computing could address, reinforcing QC’s potential to help solve complex optimization problems. Machine learning applications (49%) and finance-oriented optimization (48%) topped the list, with logistics/supply chain management and modeling/simulation also selected by more than four in ten respondents.

“Quantum computing’s early adopters are recognizing the technology’s broad applicability in terms of industries and workflows, its numerous value and organizational benefits, and its growing importance to any commercial business’s compute environment,” said Bob Sorensen, chief analyst for quantum computing at Hyperion Research.

“As quantum computing exploration and adoption continue to ascend in importance to the modern enterprise, it’s clear that companies are experiencing traction and looking to double-down on their quantum investment,” said Dr. Alan Baratz, CEO of D-Wave. “Organizations are increasingly recognizing the impact practical quantum solutions can have on solving their most complex computational problems, thereby driving operational efficiencies and fueling growth. The feedback from companies in this study reflects what we’re hearing from our customers – practical quantum computing is unlocking near-term business value and is quickly becoming an essential tool in helping achieve competitive advantage.”

About the Study

The study draws heavily on a survey of QC early adopters conducted from August through October of 2022, which collected responses from 300 US and European organizations that had QC development or end use activity already in effect, 2022 total revenue estimates of at least US$15 million, and overall IT budgets of US$5 million or more.

The full survey results and insights from Hyperion Research can be downloaded here. Additionally, D-Wave is hosting a webinar on Dec. 15 with Hyperion to go in-depth on these findings. Registration for the webinar is available here.

About D-Wave Quantum Inc.

D-Wave is a leader in the development and delivery of quantum computing systems, software, and services, and is the world’s first commercial supplier of quantum computers—and the only company building both annealing quantum computers and gate-model quantum computers. Our mission is to unlock the power of quantum computing today to benefit business and society. We do this by delivering customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. D-Wave’s technology is being used by some of the world’s most advanced organizations, including NEC Corporation, Volkswagen, DENSO, Lockheed Martin, Forschungszentrum Jülich, University of Southern California, and Los Alamos National Laboratory.


Source: D-Wave

Subscribe to HPCwire's Weekly Update!

Be the most informed person in the room! Stay ahead of the tech trends with industy updates delivered to you every week!

TACC Supercomputing Powers Climate Modeling for Fisheries

January 28, 2023

A tremendous portion of the world depends on the output of the oceans’ major fisheries, which have, in recent decades, found themselves under near-constant threat from mismanagement (e.g. overfishing). Climate change, Read more…

PFAS Regulations, 3M Exit to Impact Two-Phase Cooling in HPC

January 27, 2023

Per- and polyfluoroalkyl substances (PFAS), known as “forever chemicals,” pose a number of health risks to humans, with more suspected but not yet confirmed – and, as a result, PFAS are coming under increasing regu Read more…

Sweden Plans Expansion for Nvidia-Powered Berzelius Supercomputer

January 26, 2023

The Atos-built, Nvidia SuperPod-based Berzelius supercomputer – housed in and operated by Sweden’s Linköping-based National Supercomputer Centre (NSC) – is already no slouch. But now, Nvidia and NSC have announced Read more…

Multiverse, Pasqal, and Crédit Agricole Tout Progress Using Quantum Computing in FS

January 26, 2023

Europe-based quantum computing pioneers Multiverse Computing and Pasqal, and global bank Crédit Agricole CIB today announced successful conclusion of a 1.5-year POC study “to evaluate the contribution of an algorithmi Read more…

Critics Don’t Want Politicians Deciding the Future of Semiconductors

January 26, 2023

The future of the semiconductor industry was partially being decided last week by a mix of politicians, policy hawks and chip industry executives jockeying for influence at the World Economic Forum. Intel CEO Pat Gels Read more…

AWS Solution Channel

Shutterstock_1687123447

Numerix Scales HPC Workloads for Price and Risk Modeling Using AWS Batch

  • 180x improvement in analytics performance
  • Enhanced risk management
  • Decreased bottlenecks in analytics
  • Unlocked near-real-time analytics
  • Scaled financial analytics

Overview

Numerix, a financial technology company, needed to find a way to scale its high performance computing (HPC) solution as client portfolios ballooned in size. Read more…

Microsoft/NVIDIA Solution Channel

Shutterstock 1453953692

Microsoft and NVIDIA Experts Talk AI Infrastructure

As AI emerges as a crucial tool in so many sectors, it’s clear that the need for optimized AI infrastructure is growing. Going beyond just GPU-based clusters, cloud infrastructure that provides low-latency, high-bandwidth interconnects and high-performance storage can help organizations handle AI workloads more efficiently and produce faster results. Read more…

Riken Plans ‘Virtual Fugaku’ on AWS

January 26, 2023

The development of a national flagship supercomputer aimed at exascale computing continues to be a heated competition, especially in the United States, the European Union, China, and Japan. What is the value to be gained Read more…

PFAS Regulations, 3M Exit to Impact Two-Phase Cooling in HPC

January 27, 2023

Per- and polyfluoroalkyl substances (PFAS), known as “forever chemicals,” pose a number of health risks to humans, with more suspected but not yet confirmed Read more…

Critics Don’t Want Politicians Deciding the Future of Semiconductors

January 26, 2023

The future of the semiconductor industry was partially being decided last week by a mix of politicians, policy hawks and chip industry executives jockeying for Read more…

Riken Plans ‘Virtual Fugaku’ on AWS

January 26, 2023

The development of a national flagship supercomputer aimed at exascale computing continues to be a heated competition, especially in the United States, the Euro Read more…

Shutterstock 1134313550

Semiconductor Companies Create Building Block for Chiplet Design

January 24, 2023

Intel's CEO Pat Gelsinger last week made a grand proclamation that chips will be for the next few decades what oil and gas was to the world over the last 50 years. While that remains to be seen, two technology associations are joining hands to develop building blocks to stabilize the development of future chip designs. The goal of the standard is to set the stage for a thriving marketplace that fuels... Read more…

Royalty-free stock photo ID: 1572060865

Fujitsu Study Says Quantum Decryption Threat Still Distant

January 23, 2023

Global computer and chip manufacturer Fujitsu today reported that a new study performed on its 39-qubit quantum simulator suggests it will remain difficult for Read more…

At ORNL, Jeff Smith Becomes Interim Director, as Search for Permanent Lab Chief Continues

January 20, 2023

UT-Battelle, which manages Oak Ridge National Laboratory (ORNL) for the U.S. Department of Energy, has appointed Jeff Smith as interim director for the lab as t Read more…

Top HPC Players Creating New Security Architecture Amid Neglect

January 20, 2023

Security of high-performance computers is being neglected in the pursuit of horsepower, and there are concerns that the ignorance may be costly if safeguards ar Read more…

Ohio Supercomputer Center Debuts ‘Ascend’ GPU Cluster

January 19, 2023

Less than 10 months after it was announced, the Columbus-based Ohio Supercomputer Center (OSC) has debuted its Dell-built GPU cluster, “Ascend.” Designed to Read more…

Leading Solution Providers

Contributors

SC22 Booth Videos

AMD @ SC22
Altair @ SC22
AWS @ SC22
Ayar Labs @ SC22
CoolIT @ SC22
Cornelis Networks @ SC22
DDN @ SC22
Dell Technologies @ SC22
HPE @ SC22
Intel @ SC22
Intelligent Light @ SC22
Lancium @ SC22
Lenovo @ SC22
Microsoft and NVIDIA @ SC22
One Stop Systems @ SC22
Penguin Solutions @ SC22
QCT @ SC22
Supermicro @ SC22
Tuxera @ SC22
Tyan Computer @ SC22
  • arrow
  • Click Here for More Headlines
  • arrow
HPCwire