Preparing for the Quantum Future: Google’s New Quantum Chip and What Executives Need to Know

Quantum technology is poised to revolutionize industries, redefining the limits of computation, communication, and innovation. A recent study showed that 51% of quantum professionals believe the technology is progressing faster than originally anticipated. As organizations grapple with the implications of this transformative technology, leaders must be equipped to understand and leverage its potential. 

Google’s Willow Chip Has Big Implications

Google’s recent announcement of the Willow chip marks a significant milestone in quantum computing. The chip has demonstrated an astonishing capability: solving a problem in just five minutes that would take classical supercomputers 10 septillion years. This achievement underscores the unique nature of quantum computing. This property enables quantum computers to perform numerous calculations in parallel, exponentially expanding their computational power.

Another superpower of Willow is its ability to reduce errors, because errors have been a central concern surrounding quantum computing. Willow flips this script on its head and actually decreases the number of errors as the amount of data processed increases. Google’s Willow chip reportedly addresses this by integrating error-correcting qubits, a step toward the long-sought goal of scalable quantum computing.

With the immense promise of quantum technology — from optimizing drug design and simulating advanced materials to revolutionizing cryptography — Google’s advancements highlight the urgency for leaders to familiarize themselves with quantum science and prepare for its eventual impact. As consultancies have previously reported, the message is clear, “Start preparing now.” 

The Need for Quantum Education

Quantum technology’s economic and geopolitical implications are vast, spanning industries such as transportation, financial services, chemicals, healthcare and more. The McKinsey Global Institute predicts that these sectors will experience the greatest economic impact from quantum advancements in the near future. However, the United States faces a critical shortage of professionals trained in quantum information science and technology (QIST). To address this gap, ASU’s CareerCatalyst initiative has launched the Quantum Technology for Executives and Leaders course, designed to empower decision-makers with the knowledge to navigate this complex field.

The course, developed in collaboration with ASU’s Quantum Collaborative, leverages insights from leading quantum experts at organizations such as Dell Technologies, General Dynamics, IBM Quantum, Inside Quantum Technology and the U.S. State Department. It provides a comprehensive introduction to QIST, including core principles of quantum mechanics and the practical applications of quantum technologies in sensing, communication, computing and machine learning. Executives gain the skills to evaluate quantum vendors, create technology roadmaps and integrate quantum strategies into existing workflows.

Bridging Business and Quantum Innovation

For leaders, understanding quantum technology is no longer optional. The National Quantum Initiative Act, signed into law in 2018 and recently expanded, underscores the strategic importance of QIST to the U.S. government and private sector. In 2022 alone, quantum start-ups attracted $2.35 billion in investments, reflecting the technology’s potential to drive economic growth and enhance national security.

ASU’s course goes beyond technical training, offering insights into the economic and geopolitical ramifications of quantum advancements. The course also addresses talent transformation, equipping leaders with strategies to recruit and retain quantum professionals and build quantum-competent teams.

Preparing for the Quantum Era

The intersection of educational initiatives like ASU’s course and technological breakthroughs like the Willow chip offers a roadmap for organizations to harness the power of quantum. Leaders who invest in quantum education can create competitive advantages for their businesses, ensuring they remain at the forefront of innovation.

ASU’s Quantum Technology for Executives and Leaders course provides a unique opportunity for professionals to bridge the gap between theoretical knowledge and practical application. By exploring topics such as quantum algorithms, networking and machine learning, participants gain a holistic understanding of the quantum landscape. They also acquire tools to navigate conflicting information about quantum capabilities and develop strategies for integrating QIST into their organizations.

As quantum technology continues to evolve, its implications for businesses and society will only grow. For executives and leaders, the path forward requires not only an understanding of quantum science but also the ability to translate this knowledge into actionable strategies.