Long regarded with great theoretical interest and a topic of decades of academic research, quantum science is now approaching an inflection point. Advances in quantum technology are bringing commercial applications closer to reality, with the potential to accelerate computing, enhance industrial sensor accuracy and boost telecommunications reliability. These developments could have far-reaching implications for sectors including healthcare, cybersecurity, artificial intelligence—and the office technology industry. Recognizing quantum technology’s promise, the U.S. Department of Commerce recently announced $2 billion in federal incentives under the CHIPS and Science Act that will go to nine companies in the quantum space: $1 billion for IBM; $375 million for GlobalFoundries to catalyze manufacturing capacity; and between $38 million and $100 million for seven other firms to overcome the most potentially impactful and unresolved engineering needs. In the office technology space, as previously covered in The Cannata Report, HP last year became the first company to release printers with the capability of protecting their data against attacks from quantum computers. This could be crucial given that experts believe there’s a roughly one in three chance that by 2034, these computers will be able to decode asymmetric cryptography algorithms potentially within hours—rather than years—making these machines vulnerable to hackers on a whole new level. This has led to demands for “quantum-resistant printing” that encrypts data in a way that future-proofs it, rather than leaving it vulnerable to bad actors who are, even today, harvesting data from institutions like hospitals, banks, and law firms that they might not be able to decrypt now—but anticipate having that ability within a decade. Companies that turn a blind eye to this will expose themselves to liability and lose out on RFPs from government, banking, and other sectors; while those that open their eyes could also have new business opportunities. Hackers already know
Office Technology Dealers Need to Get <b>Quantum</b>-Savvy, Stat
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