The Banking Executive Magazine - February 2023 Issue

Quantum Computing QUANTUM COMPUTING SOFTWARE Quantum computing requires a new programming paradigm. Cloud- based quantum-computing services can create outsize rewards to those who control them. Most providers of cloud-computing services now offer access to quantum computers on their platforms, which allows poten- tial users to experiment with the technology. Since personal or mobile quantum computing is unlikely this decade, the cloud may be the main way for early users to experience the technology until the larger ecosystem matures. the BANKING EXECUTIVE 12 ISSUE 170 FEBRUARY 2023 Maturity of Quantum Computing Hardware (Source: McKinsey & Company Research Report on Quantum Computing)