Over 21% plan production-level use of quantum
computing over next 12-18 months, a 50% increase over the past two
years
D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a
leader in quantum computing systems, software, and services, and
the world’s first commercial supplier of quantum computers,
announced the results of a new study today that reveals a majority
of surveyed businesses actively using quantum computing foresee an
exceptional return on investment (ROI) from their quantum
optimization efforts — with an expected combined potential positive
financial impact to reach up to an estimated $51.5 billion.
Announced at D-Wave’s global Qubits 2024 user conference, these
findings are detailed in a new D-Wave-commissioned report conducted
by high-performance computing analyst group Hyperion Research in
May and June 2024. The firm polled over 300 commercial quantum
computing enterprise decision makers across the United States and
select European Union countries that are exploring quantum
optimization of key business processes within the next 12 to 18
months.
Significant ROI Expected From Quantum Optimization
Out of the 300 users polled, 290 reported that they each
expected to make a long-term annual commitment of $3 to $6 million
toward quantum optimization initiatives — with anticipated
estimated benefits of $60 to $65 million each— resulting in an
impressive ROI of 10 to 20 times the initial investment. These
benefits represent an estimated $51.5 billion, and the survey
includes only a small subset of the overall business community
likely to adopt quantum optimization. This anticipated ROI provides
a glimpse into the immense potential of quantum optimization to
drive significant business improvements and value creation across
industries.
Accelerating Production-Level Applications for Efficiencies,
Revenue, and Innovation
The 2024 survey also reveals a significant uptick in quantum
adoption planning, with 21% of survey respondents either currently
using or planning to put quantum technology into production within
the next 12 to 18 months. This represents a 50% increase in
adoption plans over findings in Hyperion Research’s 2022 report,
which D-Wave believes indicates growing recognition of quantum
computing’s real-world business value.
Respondents view investing in quantum optimization as a
promising strategy for enhancing business process efficiencies,
which was named as the top benefit of quantum optimization by
almost a quarter of respondents (24%), followed by increasing
revenues (20%), and driving innovation (14%). These findings also
emphasize the importance quantum holds for organizations looking at
optimizing finance-oriented areas (17%), supply-chain management
(16%) and manufacturing (14%).
Businesses Expect Practical, Performance-Driven
Results
According to the survey, respondents identified performance
improvements on key workloads as the most significant
organizational driver for quantum computing adoption. Not only
technical staff, but also senior management teams are now
advocating for quantum computing adoption within their
organizations, reflecting a growing enterprise-wide appetite for
quantum. What’s more, users indicated they are putting their
priorities on enhancing existing business processes over the
building of new quantum-based applications.
“The results of our 2024 survey present a recurring theme:
Businesses are not merely interested in exploring the potential of
quantum technologies but are now actively pursuing quantum
solutions for their real-world problems,” said Bob Sorensen, senior
vice president of research and chief analyst for quantum computing
at Hyperion Research. “There’s a notable mindset shift reflected in
the survey that speaks to the recognition that quantum optimization
is ready to deliver substantially on those much-desired
benefits.”
“In my view, the data is clear: quantum computing has arrived as
a critical business imperative,” said Dr. Alan Baratz, CEO of
D-Wave. “Those who proactively embrace this technology and invest
in optimization efforts stand to reap significant rewards. The
anticipated gains and ROI projections paint a compelling picture of
a possible near-term future where quantum computing becomes a
fundamental driver of business success.”
About the Survey
Hyperion Research conducted the study on behalf of D-Wave to
survey to better understand the challenges and opportunities
experienced by commercial end users currently exploring or planning
to explore the optimization of key business processes using quantum
computing. The survey targeted enterprise decision-makers who are
deeply involved in their company’s strategic technology planning
across numerous industry verticals such as software and internet,
manufacturing, retail, financial services, chemicals, healthcare,
insurance, telecommunications, automotive, transportation, plus oil
and gas. Respondents' organization headquarters covered the U.S.,
the U.K., Germany, France, Italy, and Spain.
To download the full survey results from Hyperion Research,
visit:
https://www.dwavesys.com/robust-exploration-and-growing-use-of-business-process-optimization-using-quantum-computing/
About D-Wave Quantum Inc.
D-Wave is a leader in the development and delivery of quantum
computing systems, software, and services, and is the world’s first
commercial supplier of quantum computers—and the only company
building both annealing quantum computers and gate-model quantum
computers. Our mission is to unlock the power of quantum computing
today to benefit business and society. We do this by delivering
customer value with practical quantum applications for problems as
diverse as logistics, artificial intelligence, materials sciences,
drug discovery, scheduling, cybersecurity, fault detection, and
financial modeling. D-Wave’s technology has been used by some of
the world’s most advanced organizations including Mastercard,
Deloitte, Davidson Technologies, ArcelorMittal, Siemens
Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd.,
DENSO, Lockheed Martin, Forschungszentrum Jülich, University of
Southern California, and Los Alamos National Laboratory.
Forward-Looking Statements
Certain statements in this press release are forward-looking, as
defined in the Private Securities Litigation Reform Act of 1995.
These statements involve risks, uncertainties, and other factors
that may cause actual results to differ materially from the
information expressed or implied by these forward-looking
statements and may not be indicative of future results. These
forward-looking statements are subject to a number of risks and
uncertainties, including, among others, various factors beyond
management’s control, including the risks set forth under the
heading “Risk Factors” discussed under the caption “Item 1A. Risk
Factors” in Part I of our most recent Annual Report on Form 10-K or
any updates discussed under the caption “Item 1A. Risk Factors” in
Part II of our Quarterly Reports on Form 10-Q and in our other
filings with the SEC. Undue reliance should not be placed on the
forward-looking statements in this press release in making an
investment decision, which are based on information available to us
on the date hereof. We undertake no duty to update this information
unless required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240618209520/en/
D-Wave Alex Daigle media@dwavesys.com
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