Quantum computing for social business optimization: a practitioner’s perspective

Abstract

Currently, E-commerce is widely adopted as it is important for business management and economic growth in the new global economy, and to reach the rapid increasing population. To better manage the e-commerce, it is important to collect and evaluate the Consumer Behaviour data for decision making and optimization. The conventional computing technologies need high amount of power and time for large data analysis. Quantum computing has the potential to analyze the large amount of data more e ciently than classical computing. This paper aims to explore the core process areas that need to be consider by the practitioners for adopting quantum computing in social business. To address the objective of this study, we conducted a literature review and empirical study to explore the core process areas that need to be considered for the consideration of quantum computing in social business. The results show that limited scalability, regulatory challenges, high initial cost, limited availability of quantum resources, education and training and security are the most important process areas that need to be focused by the industry practitioners. The result of this study gives a knowledge base for research and practitioners community to develop the tools and strategies for the adoption of quantum computing in social business.

Quantum technology for development framework as a tool for science diplomacy

“…Essentially, there are four main QT categories: quantum communication, quantum computing, quantum metrology and sensing (Thew, 2019 ). Most significantly, these QT fields have become a key enabler of several emerging technologies, with applications in sports (Torgler, 2020 ), biology (Marais et al, 2018 ), chemistry (Lanyon et al, 2010 ; Deglmann et al, 2015 ), nuclear physics (Carlson et al, 2015 , 2018 ), chemical engineering (Ajagekar and You, 2022 ), business and finance (Orús et al, 2019 ; Aljaafari, 2023 ), education (Fox et al, 2020 ), healthcare (Ur Rasool et al, 2023 ), agriculture (Wang and Blagrave, 2021 ), cybersecurity and defense (Krelina, 2021 ) and, surprisingly, the social sciences and humanities, for instance, psychology (Busemeyer and Wang, 2015 ). Therefore, this broad influence of QT signals that, in addition to being a fundamental technological enabler that could impact every sector (Jaeger, 2018 ), it has significant potential to revolutionize how countries conduct international relations and science diplomacy.…”