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  Presents

Quantum Computing and Economic Productivity: The Role of Business Model Innovation

November 12, 2024  |    1:30 – 2:00 PM ET

November 12

Chander Velu

Chander Velu

Professor of Innovation and Economics at the Institute for Manufacturing (IfM), the Department of Engineering, University of Cambridge

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.

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