Unlocking Business Value: Quantum Computing for Optimization in the Digital Age

The field of quantum computing is quickly becoming a new technology to find solutions to complex optimization problems that are difficult to solve with classical methods of computing. The chapter focuses on discussing the process of transformation of quantum computing into practice and business optimization with the view to decision-making, showing the potential of the technology to achieve high efficiency and innovation in several industries. Quantum optimization, with its potential to deliver substantial cost savings, improve performance in operations, and induce competitive advantage, is discussed with key areas that include supply chain management, logistics, manufacturing, inventory management, and research and development, being some of the areas that can drive cost savings as well as enhance performance in operations and induce competitive advantage. Finally, quantum computing is emerging as a game-changer in creating new business value in the digital era by enabling more agile and further advanced optimization solutions.