Quantum Computing Could Deliver Business Value by 2028 with 100 Logical Qubits

 

Quantum computing may soon move from theory to commercial reality, as experts predict that machines with 100 logical qubits could start delivering tangible business value by 2028—particularly in areas like material science. Speaking at the Commercialising Quantum Computing conference in London, industry leaders suggested that such systems could outperform even high-performance computing in solving complex problems. 

Mark Jackson, senior quantum evangelist at Quantinuum, highlighted that quantum computing shows great promise in generative AI applications, especially machine learning. Unlike traditional systems that aim for precise answers, quantum computers excel at identifying patterns in large datasets—making them highly effective for cybersecurity and fraud detection. “Quantum computers can detect patterns that would be missed by other conventional computing methods,” Jackson said.  

Financial services firms are also beginning to realize the potential of quantum computing. Phil Intallura, global head of quantum technologies at HSBC, said quantum technologies can help create more optimized financial models. “If you can show a solution using quantum technology that outperforms supercomputers, decision-makers are more likely to invest,” he noted. HSBC is already exploring quantum random number generation for use in simulations and risk modeling. 

In a recent collaborative study published in Nature, researchers from JPMorgan Chase, Quantinuum, Argonne and Oak Ridge national labs, and the University of Texas showcased Random Circuit Sampling (RCS) as a certified-randomness-expansion method, a task only achievable on a quantum computer. This work underscores how randomness from quantum systems can enhance classical financial simulations. Quantum cryptography also featured prominently at the conference. Regulatory pressure is mounting on banks to replace RSA-2048 encryption with quantum-safe standards by 2035, following recommendations from the U.S. National Institute of Standards and Technology. 

Santander’s Mark Carney emphasized the need for both software and hardware support to enable fast and secure post-quantum cryptography (PQC) in customer-facing applications. Gerard Mullery, interim CEO at Oxford Quantum Circuits, stressed the importance of integrating quantum computing into traditional enterprise workflows. As AI increasingly automates business processes, quantum platforms will need to support seamless orchestration within these ecosystems. 

While only a few companies have quantum machines with logical qubits today, the pace of development suggests that quantum computing could be transformative within the next few years. With increasing investment and maturing use cases, businesses are being urged to prepare for a hybrid future where classical and quantum systems work together to solve previously intractable problems.