SAP Labs US Managing Director Highlights Quantum Computing’s Promising Future
Yaad Oren, Managing Director of SAP Labs US and Global Head of the Business Technology Innovation Team is at the forefront of SAP’s push into quantum computing. As a leader in cloud-based quantum computing, SAP is positioning itself to capitalize on the expected growth and innovation in this field by 2030.
Quantum computing, a multidisciplinary field involving computer science, physics, and mathematics, has the potential to revolutionize areas such as medicine and data privacy. The industry is experiencing rapid growth, with venture capitalists investing $1.2 billion in 2023 alone. Experts project the economic value of quantum computing to reach between $450 billion and $850 billion by 2040, creating significant market potential for hardware and software providers.
The burgeoning field is also creating lucrative career opportunities, with salaries ranging from $150,000 to over $500,000. Oren emphasizes the importance of curiosity and adaptability for professionals entering the quantum computing sector. “We’re looking for individuals who can navigate the complexities of algorithms, hardware engineering, cryptography, and data science,” he states.
Skills required in quantum computing often overlap with those in artificial intelligence, encompassing a wide range of engineering and computer science expertise. Oren notes that being a change agent and handling failure are crucial attributes in this fast-paced field.
Daily life in a quantum lab involves diverse activities and constant collaboration with academics, government projects, and business clients. “Stakeholder engagement is key,” Oren explains, “as we work to address a variety of interests and applications.”
For newcomers to the field, Oren advises developing expertise in quantum physics, mechanics, and chemistry. Understanding the exponential complexity of quantum computing is essential, as are the opportunities to innovate and build within this emerging technology sector.
As quantum computing continues to evolve, it promises to reshape industries and create new possibilities for technological advancement. With leaders like Yaad Oren at the helm, companies like SAP are well-positioned to drive this transformation and unlock the full potential of quantum computing.
