Ramandeep Singh: Advancement in quantum computing will significantly reshape IT services, protocols and applications, impacting cloud platforms as well.

The hyperscalers have already started investing in this area and are launching services to enable quantum computing. IBM Quantum, Amazon Braket and Microsoft Azure Quantum and Microsoft Majorana are few examples of such services.

Quantum computing is expected to revolutionise financial modelling and analysis. With the easy availability of quantum computing and resources on cloud, financial institutions will be able to adopt and integrate these features into their applications.

Cloud providers are also expected to provide hybrid solutions that blend traditional computing with quantum computing, enabling applications to combine proven traditional models and new quantum models.

Quantum algorithms also challenge currently used encryption and cryptography solutions. It is essential to develop quantum-resistant protocols to reduce this risk.

104 April 2025