As companies ramp up hiring to support Quantum initiatives, developers and data scientists are in highest demand. Though 95% of companies have a team or single individual dedicated to quantum or emerging technology initiatives, respondents plan to increase hiring and reskill their workforces. Seventy-two percent plan to hire new talent with skills in quantum computing, while 77% agree that they’ll need to dramatically reskill their workforce. The top three areas of expertise needed include developers, data scientists and system integrators.
Additionally, only 34% of companies have the needed skills to secure the adoption of quantum computing. As adoption increases and companies gain a better understanding of the impact of quantum on cybersecurity, reskilling and hiring efforts to gain cyber expertise may increase.
New York offers a wealth of talent and opportunities for collaboration within technology ecosystem. Already, more than half of quantum-related jobs at the respondents’ companies are based in New York. To support future initiatives, 81% are confident that they can find the skills they need in the state and its metro areas.
Access to technology talent and skills was cited by 64% of companies as the top reason why being in New York helps their organization stay at the forefront of advanced technologies such as quantum. Other benefits include access to the most advanced innovation in new technologies, access to leading thinkers in advanced technologies, availability of venture capital investment and access to leading academic institutions.
Companies are taking advantage of this access through collaborations and partnerships. Eighty-four percent of respondents said their organization is supporting or participating in the quantum ecosystem to help accelerate the potential broader opportunities which it could help unleash. Common areas of collaboration are taking place with technology companies, quantum start-ups and professional services companies.
Despite opportunities for collaboration, finding the right partners was cited as the top challenge companies face in planning for quantum computing. The inability to set up an organizational structure that supports continuous innovation was the second biggest hurdle.
Four ways that local government and organizations can seize economic opportunities from Quantum Computing. To help companies address these challenges and seize the opportunities from quantum computing, there are ways that the state and businesses can help. These include: specialized training and tools for developers and data scientists; incentives (e.g., tax, subsidies) for companies building a quantum lab and/or increasing their R&D investments, convening an expanded New York state quantum ecosystem; and specialized college and university curriculums to train future workforce.
The challenges facing quantum
Top three challenges organizations face in planning for Quantum, as indicated by survey respondents.