Quantum Technologies; Strategies And Assessments v1.0
Why should organizations care to strategize anyway?
This is the start of a new series of issues along with OneQuantum Libya newsletter efforts, in which i will lay down many strategizing takeaways from my experience striving to build a quantum ecosystem by learning from professionals, global organizations, and leading nations.
Benefits of Implementing a Strategy
Quantum technologies (QT) is rapidly becoming a key part of the future, with many believing that it will be central to the development of the next generation of computing and communication technologies. However, the real-world impact of quantum technology is still in its infancy and has yet to reach its full potential. While the field has seen significant progress in R&D in recent years, there is still much work to be done if the potential is to be realized in the coming years.
It is therefore vital that governments, businesses and organizations around the world take steps now to ensure that they have a coordinated approach to this nascent technology implementation. Ultimately, this will allow a nation to take a lead in the global development of QT and leverage from the economic ascent and competitive advantages that it brings. So let’s answer those of you that ask what are the potential benefits of implementing a quantum technology strategy:
Quantum technologies have the potential to revolutionize many areas of business, including communications, medical & pharmaceutical, finance, manufacturing, transport…etc.
A coordinated approach will ensure that the right policies are in place to support the development of QT and provide opportunities for industry players to get involved in the field.
It will also give businesses a competitive advantage and allow them to develop innovative new products and services that capitalize on the potential of quantum technology.
Engaging venture capitalists which would increase investments in R&D, thus boosting the development of the sector and ensure that the country can stay at the forefront of global burgeoning.
Quantum Strategy Step By Step
With no doubt, the implementation of strategies can be very frenetic and involve a learning curve. However, there are primitive steps that organizations should follow up in order to make the execution of a roadmap becomes lean and agile. These may be considered as follows:
The first step to implementing a quantum technology strategy is to create an effective regulatory framework that establishes clear objectives for the sector and provides a framework for identifying areas for investment. As part of this process, the government should also establish a national research body to coordinate government initiatives and develop a coordinated strategy for the adoption of quantum technologies.
The second step involves developing a clear roadmap for the implementation of technologies. This includes establishing priorities for R&D funding (pilot projects) and training the next generation of talents to support the continued growth of the sector. The government should also look to evolve a series of incentives to promote the adoption of these technologies and encourage industries to invest in this emerging field.
The third and final step is to improve public awareness of these technologies and the opportunities that they offer. This is particularly important as the public is often reluctant to adopt new technologies until they are proven commercially viable.
As a summery;
To take advantage of these opportunities, governments will need to initiate a coordinated approach to investing in and regulating the adoption and implementation of QT. To achieve this, it should establish a dedicated agency to facilitate cooperation between the various government departments involved in leveraging these technologies.
In the next issue of this series we will cover up considerations before implementing a quantum technology strategy, which will shed the light on key factors that influence the adoption of QT.
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AbdulMalek Baitulmal | President | OneQuantum Libya
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Leptis Magna Theatre; Al-Khums, Libya