QUANTUM COMPUTING?/Drones

WHAT IS

QUANTUM COMPUTING?

quantum computing is a fundamental change in how machines go about processing data.

WHAT ARE SOME

BUSINESS IMPLICATIONS OF

QUANTUM COMPUTING ?

Finance  e.g., portfolio optimization, fraud detection

• Insurance  e.g., risk analysis, product valuation

• Energy  e.g., usage predictions, production

optimization

• Transportation  e.g., autonomous vehicles, traffic

optimization

• Logistics  e.g., optimize supply chains

• Chemicals/ Pharma  e.g., drug discovery, R&D

• Materials  e.g., new substances, new architectures

• Cybersecurity  e.g., secure cryptographic methods

• Technology  e.g., database processing, AI

• Value creation generally? 

WHAT CAN DRONES DO?

Agricultural applications

• Inspection of electrical lines and wind

turbines

• Temporary cell connection

Deliver packages

• Deliver food

• Military applications

• Others

DRONES: BENEFITS AND OUTLOOK

Possible Benefits:
• Tasks performed more quickly, cheaply, safely, and frequently
• Increased data gathering

The Future of Drones:

Estimated ~170,000 commercial drones sold in 2019

• ~$13 billion spent on drones between 2016-2020

• ~$127 billion in cost savings (replacing services and/ or labor costs)

by using drone-based solutions

What is a robot?

A machine that resembles a human and does mechanical, routine tasks

on command.”

• “Any machine or mechanical device that operates automatically with

humanlike skill.

WHAT CAN ROBOTS DO?

Repetitive, predictable tasks

• e.g., Walmart’s autonomous

floor scrubbers and inventory

scanners

• What value is added to the

business by using robots?

What can robots do pt2

Dangerous or physically

demanding tasks

• Military applications

• Space exploration

• Manufacturing

• Value added?

Personal Care

• Home Assistance

• Entertainment

FUTURE IMPACT

Predictions from McKinsey, by 2030:

• Up to 800 million jobs could be displaced

• The workforce will spend up to 55% more time using

technical skills than in 2016

“A generation ago, the half-life of a skill was about 26 years.

Today, it’s four and half years and dropping.”

ADVICE TO ROBOT-PROOF

YOUR CAREER

Develop technical literacy

• Develop data literacy

• Develop human literacy (the skills that robots don’t do well):

• Creativity

• Cultural agility

• Empathy

• Transferring knowledge from one context to another

• Strong, non-routine cognitive skills