D-Wave Survey Reveals Exceptional ROI Expectations for Quantum Computing
D-Wave Quantum Inc. announced today the results of a groundbreaking study revealing that businesses actively using quantum computing are anticipating exceptional returns on their investments in quantum optimization. The potential combined positive financial impact is estimated to reach up to $51.5 billion.
Significant ROI Expected from Quantum Optimization
At the D-Wave global Qubits 2024 user conference, a report commissioned by D-Wave and conducted by Hyperion Research was revealed. The survey, carried out in May and June 2024, polled over 300 enterprise decision-makers in commercial quantum computing from the United States and select European Union countries. These businesses plan to optimize key processes with quantum computing within the next 12 to 18 months.
Out of the 300 users polled, 290 expect to commit $3 to $6 million annually to quantum optimization initiatives. They anticipate benefits of $60 to $65 million each, resulting in an impressive ROI of 10 to 20 times the initial investment. These benefits represent an estimated $51.5 billion, showcasing the immense potential of quantum optimization to drive significant business improvements and value creation across industries.
Advancing Production-Level Applications for Efficiency, Revenue, and Innovation
The 2024 survey reveals a significant increase in quantum adoption planning. Approximately 21% of respondents are either using or planning to implement quantum technology within the next 12 to 18 months. This marks a 50% increase in adoption plans over Hyperion Research’s 2022 report findings.
Respondents view investing in quantum optimization as a promising strategy for enhancing business process efficiencies, with nearly a quarter (24%) naming it the top benefit. Increasing revenues (20%) and driving innovation (14%) were also highlighted. Additionally, quantum holds importance for optimizing finance-oriented areas (17%), supply chain management (16%), and manufacturing (14%).
Businesses Expect Practical, Performance-Driven Results
Performance enhancements on critical workloads were highlighted as the primary organizational motivator for adopting quantum computing. Advocacy for quantum technology is coming from both technical staff and senior management, indicating a rising enterprise-wide interest in quantum solutions. Priorities are placed on enhancing existing business processes over developing new quantum-based applications.
“The results of our 2024 survey present a recurring theme: Businesses are not merely interested in exploring the potential of quantum technologies but are now actively pursuing quantum solutions for their real-world problems,” said Bob Sorensen, senior vice president of research and chief analyst for quantum computing at Hyperion Research. “There’s a notable mindset shift reflected in the survey that speaks to the recognition that quantum optimization is ready to deliver substantially on those much-desired benefits.”
Dr. Alan Baratz, CEO of D-Wave, stated, “In my view, the data is clear: quantum computing has arrived as a critical business imperative. Those who proactively embrace this technology and invest in optimization efforts stand to reap significant rewards. The anticipated gains and ROI projections paint a compelling picture of a possible near-term future where quantum computing becomes a fundamental driver of business success.”
About the Survey
Hyperion Research conducted the study on behalf of D-Wave to understand the challenges and opportunities experienced by commercial end users exploring or planning to explore the optimization of key business processes using quantum computing. The survey targeted enterprise decision-makers involved in their company’s strategic technology planning across various industry verticals such as software and internet, manufacturing, retail, financial services, chemicals, healthcare, insurance, telecommunications, automotive, transportation, plus oil and gas. Respondents' organizations were headquartered in the U.S., U.K., Germany, France, Italy, and Spain.
The full survey results can be downloaded from Hyperion Research.
About D-Wave Quantum Inc.
D-Wave leads in developing and delivering quantum computing systems, software, and services. As the world’s first commercial supplier of quantum computers, D-Wave builds both annealing quantum computers and gate-model quantum computers. Their mission is to unlock the power of quantum computing to benefit business and society. D-Wave delivers customer value with practical quantum applications for problems in logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling.
Their technology is utilized by prominent organizations such as Mastercard, Deloitte, Davidson Technologies, ArcelorMittal, Siemens Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd., DENSO, Lockheed Martin, Forschungszentrum Jülich, the University of Southern California, and Los Alamos National Laboratory.
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