Embracing the Quantum Economy 2024

Foreword In an era marked by rapid technological advancements, the quantum economy stands at a transformative milestone. Through discussions and work with our partners and experts across industries and stakeholder groups, we recognize the profound impact that quantum technologies will have on industries worldwide. This document serves as a comprehensive guide for navigating this new frontier. It provides valuable insights into the practical applications of quantum technologies throughout various sectors, from finance and healthcare to energy and transportation. By embracing these advancements and implementing quantum-safe cryptography, business leaders can not only enhance their competitive edge but also protect their systems against the cybersecurity threats posed by quantum technology. It is crucial to start preparing today to build trust and ensure a secure, sustainable and resilient global economy. Accenture has always been at the forefront of technological innovation, helping businesses harness the power of emerging technologies to drive growth and efficiency. Quantum computing, sensing, and communication and security represent the next wave of disruption, offering unprecedented capabilities that can solve complex problems and unlock new opportunities. However, as highlighted at the Quantum World Congress 2024, the gap between quantum potential and quantum security is dangerously wide. Most organizations are woefully unprepared for the quantum-powered future, particularly in terms of cybersecurity.The World Economic Forum is committed to advancing responsible innovation and commercialization in quantum technologies for industry and society. Through its Quantum Economy Network,1 part of the Centre for the Fourth Industrial Revolution, the Forum provides a global platform for various stakeholders to understand the potential of quantum technologies, shape their development and prepare for their introduction into the economy. Our joint efforts through the Forum’s Quantum Application Hub2 initiative, aim to foster innovation and drive the adoption of quantum technologies in various sectors. The insights and strategies presented in this report are designed to help leaders navigate the complexities of the quantum economy and drive meaningful change in their organizations and beyond. The importance of this paper is further underscored by the proclamation of 2025 as the International Year of Quantum Science and Technology by the United Nations.3 This year-long initiative aims to increase public awareness of the significance of quantum science and its applications, enhancing international cooperation and focusing on sustainable development. As we celebrate 100 years of the development of quantum mechanics, this milestone provides a unique opportunity to engage with quantum science and technology, inspiring the next generation of quantum pioneers. We invite you to explore the transformative potential of quantum technologies and join us in shaping a future where innovation and collaboration pave the way for sustainable growth and prosperity.Adam Burden Global Innovation Lead; Chief Software Engineer, AccentureJeremy Jurgens Managing Director, World Economic Forum Embracing the Quantum Economy: A Pathway for Business Leaders January 2025 Embracing the Quantum Economy: A Pathway for Business Leaders 3