Evaluation and applications of quantum algorithms

Abstract

Quantum computing is an exciting field of computing that harnesses the principles of quantum mechanics to perform certain type of calculations much faster than classical computers. This includes tasks like factoring large numbers, searching unsorted databases, simulating quantum systems and optimising complex systems. Quantum computing has the potential to disrupt various industries by accelerating problem-solving and innovation.

In this research, we will explore and test prominent quantum algorithms such as Grover's and Shor's algorithms and also make comparisons to their classical counterparts. We will be using an open source software development kit called Qiskit, as well as online tools such as IBM Quantum Lab and IBM Quantum Composer, and run the algorithms on real quantum computers from the cloud. We will also explore the various utilisations of quantum computing and quantum algorithms in the verticals of finance, chemistry and machine learning.