IT Companies in India to Adopt Quantum Technology
Information technology companies in India are planning to adopt quantum technology through investments and partnerships with technical institutes who will provide the latest know-how in quantum physics, build laboratories, and scout and nurture talent to create quantum applications.
Moreover, on 23 July, Tech Mahindra signed a pact with Mahindra University to set up the so-called Makers Lab, to drive research and development in quantum and metaverse, among other things.
Mphasis also announced a grant of Rs.21 crore to develop and attract talent, offer scholarships, and assist start-ups. The company has forged a similar partnership with the University of Calgary in Canada, as per reports.
According to reports, India’s biggest IT Company, Tata Consultancy Services (TCS), is also taking interest in this field.
Anil Sharma, head of corporate incubation at TCS, says, "The company has intensified engagement with academia, industry players, and quantum technology vendors to build and expand its quantum network in the past year."
Quantum computers use principles of quantum physics for information processing to deliver an alternative model of high-performance computing.
They use quantum principles, superposition, to represent bits—1 and 0—simultaneously. This boosts their overall processing power significantly, allowing more complex problems to be solved in a fraction of the time.
Understanding protein molecules for drug discovery, fraud detection in banking, financial services and insurance (BFSI) sector, satellite placement, and cryptography are some areas where it can make a difference
Nikhil Malhotra, global head, Makers Lab, Tech Mahindra says, “Quantum allows us to solve some of the classical problems that we could not solve earlier. Understanding protein molecules for drug discovery, fraud detection in banking, financial services and insurance (BFSI) sector, satellite placement, and cryptography are some areas where it can make a difference.”