| | September 20196CIOReviewThe quantum computing industry is still in its infancy stages, but that hasn't precluded VCs from investing significant capital into emerging players in this realm. With the revenue generated from quantum technology expected to surpass the $13Bn mark over the next five years, and quantum cryptography also projected to grow at a rate of knots, there is palpable excitement among thought leaders in the quantum computing landscape. As more scientists and researchers recognize the potential of the new technology, the U.S. Department of Energy has granted $218Mn to advance quantum information sciences. Also, organizations such as Microsoft and IBM have launched accelerator programs, encouraging young companies to join the quantum computing movement.While a host of businesses are lining up to apply quantum computing to solve a range of complex issues, the finance, energy, and medicine industries are particularly eager to jump the queue. The energy sector could utilize quantum computers to help the world cope with the complex phenomenon of climate change. Early adopters are already exploring the possibilities of predictive environmental modeling and carbon-capture technology. Others are using quantum computing to optimize energy grid management. In the healthcare sector, quantum-inspired algorithms can be used to improve the accuracy of MRI machines, thereby detecting cancerous cells rapidly and more efficiently. Meanwhile, the finance industry has taken to quantum computing as a fish takes to water. Wall Street giants are already using quantum computing to improve their odds, besides managing their portfolio-related threats and opportunities. Through quantum computers, financial professionals also stand to enhance their Monte Carlo method simulations, not to mention mathematical models to predict outcomes of complicated decision trees. As more businesses gravitate toward quantum computing, a number of promising companies are developing a range of solutions from cloud-based, quantum-powered applications, quantum semiconductors, and quantum cyber-security tools. With new quantum computing vendors emerging ever so frequently, your business stands to benefit from finding a partner that can aid you to explore the possibilities of the novel technology. This issue of CIOReview presents vendors that have the potential to become their quantum computing solution providers.EditorialJust Scratching the SurfaceCopyright © 2019 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewContact Us:Phone:510-230-0395Fax:510-894-8405Email:sales@cioreview.comeditor@cioreview.commarketing@cioreview.com September 06, 2019, Vol 08, Issue - 73 (ISSN 2644-237X) Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com CIOReviewEditorial StaffSalesAaron PierceCarolynn WaltersDean WinchesterJustin SmithShirley FaithRussell ThomasRichard Watsonrichard@cioreview.comVisualizersIssac GeorgeJohn Gotham*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffJustin Smith Managing Editoreditor@cioreview.comManaging EditorJustin Smith
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