Embracing the Quantum Economy 2024

First-mover advantages and challenges FIGURE 2 Quantum computing Quantum communication Quantum sensing>10 years: Widespreadadoption 6-10 years: Improving performance3-5 years: Integration with systems 1-2 years: Deployment in apps Integration challenges Export controls Workforce training Market uncertainty Data advantages Newapplications Precision and sensitivity > 10 years: Global communication 6-10 years: Scalable systems 3-5 years: Integration with infrastructure 1-2 years: QKD+ PQC pilots Export controls Skilled workforceRegulatory issuesTechnologicalhurdlesStrategic leverageTrust and privacyInformation- theoretic security>10 years: Huge compute power6-10 years: Reliable devices3-5 years: Error correction1-2 years: Algorithms and appsExport controlsSkilled workforceUnpredictabilityHigh R&D costsEconomic impactsCompetitive edgeTechnological leadership Strategic PotentialTimelines foradvantages pitfallsearly successStrategicPotentialTimelines foradvantagespitfallsearly success advantages pitfallsearly successStrategic PotentialTimelines forand security Source: AccentureOrganizations that invest early in quantum technologies may position themselves at the forefront of this transformation. However, the path of a first mover is fraught with challenges, including high R&D costs, insufficient technology maturity, unpredictability and the shortage of a skilled workforce. This section delves into the strategic advantages, potential pitfalls and competitive dynamics shaped by early investment in quantum technologies, offering insights into the timelines of early success for each domain. Embracing the Quantum Economy: A Pathway for Business Leaders 11