UK Quantum Computing Investment Expected to Triple in Next Five Years

(Verdict.co.uk) UK business investment in quantum computing is expected to triple over the next five years, according to the CBI and Accenture Tech Tracker survey.
The Confederation of British Industry’s annual report quizzed 160 UK businesses of different sizes from various sectors. It found that 32% of businesses plan to invest in quantum computing over the next five years, compared with just 11% who already invest in the technology.
Zahra Bahrololoumi, senior managing director and lead for Accenture Technology UK & Ireland said, “Quantum computing is a little further off, however, as we can see from the survey, UK businesses are getting excited about its potential and the investment demand is there. But greater investment doesn’t always equate to greater success. Tech adoption for tech’s sake often yields limited results or value. To make the most of their investment, businesses need to leverage technology, talent and be aligned with business objectives and outcomes. By adopting this approach, they can build an agile system to support the new tech that it needs to thrive not just now but also in the future.”

Growing competitive advantage was the most common reason given for investing in these technologies.