Quantum Computing and Economic Productivity: The Role of Business Model Innovation
Quantum technologies are nearing the phase of commercialization where technology adoption and business model design are becoming a major topic among practitioners and policymakers. This talk explores the potential impact of quantum computing in transforming the way firms create and capture value in order to increase productivity and economic growth. Quantum computing takes advantage of the laws of quantum mechanics to provide fundamentally new ways of processing information. In doing so, quantum computing promises societal benefits ranging from a step change in optimization and better simulation of materials to improvements in machine learning capabilities. Based on the experience of previous general-purpose technologies, there is often a steep learning curve to innovate business models to contribute to productivity and economic growth. The talk will explore the opportunities as well as challenges of quantum computing in contributing to productivity growth.
Open Q&A discussion.
Will not be recorded.
Speaker Details
Chander Velu
Professor of Innovation and Economics at the Institute for Manufacturing (IfM), the Department of Engineering, University of Cambridge
Event Topic
IT, Security, TechnologyRelevant Audiences
All State and Local Government, All Federal Government, National Guard, Air Force, Coast Guard, Navy, City Government, County Government, Municipalities, State Government, Central Intelligence Agency, Department of Agriculture, Department of Commerce, Department of Defense, Department of Energy, Department of Health and Human Services, Department of Homeland Security, Department of Housing and Urban Development, Department of Interior, Department of Justice, Department of Labor, Department of State, Department of Transportation, Department of the Treasury, Environmental Protection Agency, Equal Employment Opportunity Commission, Federal Aviation Administration, Federal Communications Commission, Food and Drug Administration, Federal Emergency Management Agency, General Services Administration, Government Accountability Office, National Aeronautics and Space Administration, National Institute of Health, National Security Agency, U.S. Agency of International Development, U.S. Census Bureau, U.S. Office of Personnel Management, U.S. Postal Service, Veterans AffairsOther Agency
Office of the President (includes OMB), Other Federal Agencies, Judicial Branch Agencies, Foreign Governments/Agencies