Quantum computing faces hype & hurdles, EY & Oxford caution

A new whitepaper published by EY and the University of Oxford's Responsible Technology Institute (RTI) has examined the potential of quantum computing and highlighted the necessity of responsible innovation and proactive risk mitigation.

The study underscores the importance of adopting an interdisciplinary approach to the development of quantum computing, advocating for a collaborative ecosystem to ensure the fair distribution of its resources and benefits. Quantum computing, which utilises principles of quantum mechanics for performing complex calculations at speeds unattainable by classical computers, presents opportunities in various sectors, including drug discovery and financial modelling.

The whitepaper, however, cautions against the overhyped discourse surrounding quantum computing and stresses the engineering challenges that need addressing before its full commercial potential can be harnessed. The findings are based on a survey of technologists, researchers, and policymakers, exploring their attitudes towards emerging technologies, perceived threats and opportunities, and the role of governance.

Mira Pijselman, Digital Ethics Lead at EY, commented, "The whitepaper's findings indicate that counteracting misleading information and engaging in responsible science communication are key dimensions of practising responsible innovation in relation to quantum computing." She further noted the public trust issues and societal harms experienced in adjacent technology sectors, such as artificial intelligence (AI), which have been fuelled by exaggerated claims.

Pijselman added, "It's important that we learn from history and communicate accurately and responsibly when speaking about quantum computing technology."

The study results reveal a divided opinion among respondents regarding societal excitement about emerging technologies, with 50% agreeing that it aids in raising capital. However, a significant majority (84%) believe that exaggerations are common in popular discussions about these technologies.

The collaborative approach to developing the quantum ecosystem highlighted in the whitepaper requires concerted efforts from academia, the private sector, and government entities. This interdisciplinary effort is considered crucial for fostering a representative and inclusive perspective on the future of quantum computing.

Survey responses show broad support for this approach, with 87% agreeing on the importance of involving diverse groups in technology development, including policymakers and advisers. Additionally, 92% believe in the necessity of government funding to foster an inclusive and collaborative environment.

Pijselman emphasised the importance of a broad range of expertise in developing new technologies, saying, "Our research reinforces the importance of bringing sociotechnical talent into development communities. This is essentially about working collaboratively with a whole range of stakeholders when developing new technologies." She highlighted the need for individuals with legal, commercial, and ethical skillsets alongside deep technical knowledge to navigate the various facets of technology foresight and governance.

"Through more meaningful dialogue and collaboration across the quantum ecosystem, we can shape the trajectory of quantum computing to enable, not only commercial scalability, but also sustainability for present and future generations," Pijselman concluded.

Dr Carolyn Ten Holter of the University of Oxford supported these sentiments, adding, "The whitepaper champions an ethical and responsible approach to the management of quantum computing's considerable potential, while providing the theoretical grounding and practical steps required to ensure we can achieve this."