Quantum investors must begin backing applications that turn emerging machines into useful business tools, according to a new report from Novo Holdings.
Novo Holdings is the holding and investment company responsible for managing the assets of the Novo Nordisk Foundation.
Novo Holdings said quantum error correction, compilers, runtimes and general developer tools could become essential but still struggle to capture lasting value.
Application Companies Face an Early Opening Novo Holdings places domain-specific algorithms and vertical application platforms in a more favorable position.
A quantum application provider would therefore not need to persuade customers to create an entirely new quantum budget.