Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      2026 World Cup: England only attract half as many bets as Norway to lift trophy

      Breaking news concept with digital globe and financial charts, signifying global economy and stock market trends.

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      2026 World Cup: England only attract half as many bets as Norway to lift trophy

      Breaking news concept with digital globe and financial charts, signifying global economy and stock market trends.

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Old Pulteney releases 50-year-old whisky for 200th anniversary

      Old Pulteney 50-Year-Old single malt Scotch whisky bottle with elegant packaging on display, highlighting luxury and craft...

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Monday 06 March 2017 11:11 am

IBM is commercialising quantum computing to solve mind-boggling problems

By: Lynsey Barber

Add as a preferred source on Google

IBM has revealed its ambitions to bring the power of quantum computing to the business world.

The tech firm is making available its IBM Q quantum systems to firms wanting to analyse and explore data that's too complicated for standard computing.

Read more: The organisations of tomorrow – and the technologies already building them

“Classical computers are extraordinarily powerful and will continue to advance and underpin everything we do in business and society. But there are many problems that will never be penetrated by a classical computer," said senior vice president of IBM Systems Tom Rosamilia. 

"To create knowledge from much greater depths of complexity, we need a quantum computer. We envision IBM Q systems working in concert with our portfolio of classical high-performance systems to address problems that are currently unsolvable, but hold tremendous untapped value.”

Future applications of quantum computing could be modelling financial data to better assess risk, optimising logistics and supply chain routes and helping artificial intelligence analyse bigger data sets.

IBM is working on delivering superpowerful quantum computing of 50 qubits (quantum bits) via its cloud services in the coming years. IBM's Quantum Lab in New York is already home to a five qubit processor, but today it announced this is now capable of 20 qubits.

Developers and programmers will now have access to the five quibt processor via a newly released API, while IBM will soon release a software development kit (SDK) with the 20 qubit processor for building simple quantum applications and software programmes.

WATCH: What is quantum computing?

“IBM has invested over decades to growing the field of quantum computing and we are committed to expanding access to quantum systems and their powerful capabilities for the science and business communities,” said IBM Research director Arvind Krishna.

“Following Watson and blockchain, we believe that quantum computing will provide the next powerful set of services delivered via the IBM Cloud platform, and promises to be the next major technology that has the potential to drive a new era of innovation across industries.”

While the current power of IBM's quantum computing is only on a par with the current traditional supercomputers, executives believe progress will be rapid, having already predicted 50-100 qubit processors in the next decade, which would surpass classic computing.   

Another firm, D-Wave, announced last year that it has created a 2,000 qubit processor. The Canadian company's customers include Nasa, Google and Lockheed Martin.

Read more: Watch out Alexa: Google's AI voice assistant's been released into the wild

But IBM is opening up its own systems to collaborations with researchers and business. 40,000 users have already run over 275,000 experiments with IBM's Quantum Experience since last year, and it is now hunting for industrial partners to join its Research Frontiers Institute, which already has Samsung, Honda and Canon among its members.

WATCH: IBM's Dr Jerry Chow explains qubits and supercomputers 

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Tech

Trending Articles

  • As it happened: FTSE 100 relief rally runs out of steam as BP and Shell weigh; Oil hits three-month low

  • Rathbones to suspend thousands of client account inflows after FCA probe deals £530m blow

  • Rolls-Royce shares surge as SMR unit bags multi-billion pound Swedish nuclear contract

  • London Tech Week sums up everything wrong with UK tech

  • More Big Four blues as Deloitte plans to slash UK audit roles

More from CityAM

  • D-Wave Announces Qubits Europe 2026 Quantum Computing User Conference

    Business Wire
  • Quantum Motion Raises $160 Million Series C to Deliver Quantum Computing’s “Transistor Moment”

    Business Wire
  • The Quantum Effect: 41% of Large UK Enterprises Surveyed Expect Quantum Computing to Unlock More Than £100 Million in Value in as Little as One Year

    Business Wire
  • IBM’s consulting chief warns AI will ‘implode’ unprepared rivals

    Consulting
    All eyes on IBM v Lzlabs as the tech giant kicks off legal battle
  • SMBC and Toshiba Jointly Develop New Equity Indices Using Advanced Quantum-Driven Technologies

    Business Wire
  • Quantum could be Britain’s next tech breakthrough

    Opinion
    Advanced quantum computer with intricate circuits and glowing interface, illustrating cutting-edge technology innovations
  • Options Technology Named Digital Realty’s EMEA Partner of the Year for 2025

    Business Wire
  • OPAQUE Acquires Abu Dhabi-Developed Cryptographic AI Technology from TII, Extending Confidential AI Across the Full Lifecycle with Post-Quantum Protection

    Business Wire

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies