Industry
High Tech
High Tech Solutions to Drive Business Transformation through Technology
Highlights
- The Australian government and universities are investing in programmes to train and educate the next generation of quantum technology experts.
- Commercialising quantum technologies could create an industry worth $2.2 billion in Australia and add 8,700 jobs by 2030.
- As quantum computing technology continues to evolve, Australia has the potential to become a global leader in this emerging field.
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Road to a quantum future
As Australia actively invests in quantum technology research, development, and innovation, Gopal CV, Head of Microsoft Business Unit, TCS Australia & New Zealand, explores its potential uses and how to bridge the skills gap to better harness its power.
Over the past few years, quantum computing has emerged as the future of science and technology. This fascinating field of technology is rapidly advancing and opening new possibilities for solving complex problems that have long challenged the limits of classical computers. Typical applications of quantum computing are in (but not limited to)—optimisation in multi-correlation & multi-variable scenarios like portfolio/logistics/insurance, fraud and anomaly detection, sustainability imperatives like zero hunger, health and well-being, cleaner energy, climate action and drug development among others.
Bridging the skills gap
Australia’s active investments in quantum technology are helping to build a competitive advantage and drive economic growth.
Quantum technology is a highly specialised field that requires expertise in quantum physics, computer science, and mathematics. The shortage of skilled workers in quantum technology is a significant challenge for Australia, as it could hinder the country’s ability to develop and adopt this transformative technology. Without a sufficient talent pool, companies and research institutions may struggle to compete with international counterparts and attract investment and talent to the region.
However, this field is still in its early stages, so there’s time to build a talent pool.
Early investments
The Australian government and universities are already investing in programmes to train and educate the next generation of quantum technology experts.
Universities such as ANU offer undergraduate and postgraduate quantum physics and technology courses. The University of Sydney has launched a Quantum Science and Technology initiative, a leading research program focused on advancing the development and application of quantum technologies.
The Australian government has also taken steps to support quantum computing research. It has established the Australian Centre for Quantum Computation and Communication Technology and the Quantum Computing Innovation Hub. These initiatives have attracted significant investment and talent to the country's quantum computing ecosystem.
The Australian Quantum Alliance (AQA) functions under the Tech Council of Australia to promote and connect the local quantum ecosystem. Last year, in the first of its kind in Australia, Azure Quantum Week, delivered in partnership with the Department for Trade and Investment, TCS, Microsoft, KPMG, and the Office of the South Australian Chief Scientist, provided attendees access to world-leading experts in the field of quantum science and technology.
Several leading Australian startups, including Q-CTRL, Quantum Brilliance and Silicon Quantum Computing, have also teamed up to push the country to become a leader.
Working together
As quantum computing technology continues to evolve, Australia has the potential to become a global leader in this emerging field.
By leveraging its strengths in education, research, innovation, and collaboration, Australia can unlock the full potential of quantum computing and drive economic growth and prosperity for years to come. The government should also work with universities to incentivise students and provide support to raise the learning standards in quantum technology. Universities and companies should continue collaborating and building solid technological relationships by working closely to ensure a smoother transfer of knowledge and skills.
