New quantum computing report shows state of play in future tech
Intellectual property firm Mewburn Ellis has looked at the potential of the sector in a number of fields, including climate change mitigation.
The past 12 months have seen significant growth in investment from both public and private sectors. This has led to what the report describes as a ‘quantum arms race’, with new patents being filed at an increasing rate – a key sign of rising commercial interest and the rate at which this technology is developing.
Among other applications, the sector is tipped to make a huge impact on efforts to mitigate the climate crisis. Meanwhile, quantum sensing and cryptography are also gaining in importance. Nevertheless, obstacles to innovation also form a big part of the study, along with steps organisations need to take to protect themselves, and their innovations, within this nascent field of research.
‘Today, quantum technology is still in its infancy, but the industry is rapidly growing, with breakthroughs in scalability, error correction, and software development. Many see it as a transformative field with wide-ranging implications for computing, communication, and beyond,’ said Urs Ferber, Partner and Patent Attorney at Newburn Ellis.
‘The sense of a global arms race to develop scalable and practical quantum solutions is palpable and this indicates the seriousness with which administrations are treating this area, Ferber continued. ‘However, given the complexities of quantum technology, there are challenges to patenting these innovations, and businesses will need to take expert advice on how best to protect their IP.’
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