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Australia explores quantum technology development

Image credit: CSIRO; Growing Australia's Quantum Technology Industry

Over the next 20 years, quantum technologies have the potential to generate 16,000 jobs in the country and will play a significant role in its technology sector.

According to Australia’s national science agency, the Commonwealth Scientific and Industrial Research Organisation (CSIRO), as Australia recovers from the impacts of COVID-19, it will need to create new industries to give the country to produce unique high-margin products that support higher wages.

A new CSIRO report, Growing Australia’s Quantum Technology Industry, is a roadmap that provides a vision to leverage the potential of emerging quantum technologies and positions Australia to capture a four billion-dollar opportunity.

A push for quantum research and development (R&D) would help drive economic advantage as the world begins to re-emerge following the COVID-19 pandemic.

Commercialising quantum technologies could create an $86 billion global industry by 2040.

The report claimed that quantum technologies could be as significant as the digital electronics revolution. Quantum computers are used to run accurate chemical simulations for accelerated drug and materials development, which is not possible on classical computers.

The technology is also applied in stable and precise sensors for mineral exploration and water resource management.

The report outlines several other areas of application for quantum technology. It noted that quantum computers will be able to perform feature mapping, a critical component of machine learning on data structures with complexity beyond the capabilities of traditional computers.

Quantum computing could aid complex system optimisation problems, in financial modelling, aerofoil design, traffic management, integrated circuit design, climate predictions, epidemiology and energy systems optimisation.

Quantum-enabled medical imaging technologies could provide enhanced capabilities for the early detection of diseased tissue states. Quantum microscopes could offer nanoscale sensing and imaging at the atomic scale with emerging applications including medical research and nanomaterials development.

Accelerometers, magnetometers, and clocks that use the technology can enable precision positioning, navigation, and timing (PNT) in global positioning system (GPS)-denied environments such as underground or underwater.

To maintain a productive, inclusive, and resilient economy over the next 40 years, Australia needs to increase the adoption of technology to boost productivity and develop export-facing growth industries.

The development of a quantum technology industry presents a prime opportunity to address these actions as part of a portfolio approach to investment in long-term, high-impact technologies.

Quantum technologies can improve productivity and increase the nation’s economic resilience through high value-adding industry creation.

The country commercialised quantum-enabled sensing and measurement technologies such as the CSIRO’s LandTEM system (a portable magnetic sensor for detection of mineral deposits deep underground) and the CryoClock (a cryogenic sapphire oscillator technology for ultra-precise timing applications such as communications and quantum computing).

The technology could also improve data, communications, and computer security. For example, quantum key distribution (QKD), where cryptographic keys are shared in quantum states.

As measuring a quantum system disturbs it, attempts to intercept the key will introduce detectable anomalies, making it possible to detect an unauthorised third party.

Quantum-safe classical encryption algorithms are being designed to resist quantum computing-enabled code breaking attacks and will be essential for the future security of non-quantum communication systems.

Other governments have started implementing strategic investment programs to develop their domestic quantum industries. Since 2017, at least five nations have committed to billion-dollar scale quantum technology initiatives or funding packages, the report explained.

The country aims to have a world-class quantum workforce applying their diverse skills to the commercialisation of quantum technology and software, with broader benefits through transferable skills and productivity gains.

Also, national quantum technology and flexible fabrication facilities that enable collaborative R&D, engagement with end-users, and product prototyping for global value chains

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Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

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SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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