IBM said it has successfully tested its two most powerful quantum computers ever with both holding processing power far in excess of its famous Watson infrastructure.
Thanks to the more flexible way it can store data, a quantum computer processes faster and uses much less energy than a classical computer.
The processing power of a quantum computer is measured in "qubits" and IBM claim they will soon have computers that are ten times as powerful as their machine in use today.
"The significant engineering improvements announced today will allow IBM to scale future processors to include 50 or more qubits, and demonstrate computational capabilities beyond today's classical computing systems," said Arvind Krishna, senior vice president and director of IBM Research and Hybrid Cloud, in a press release Wednesday
Krishna added that while technologies that currently run on classical computers such as "Watson" can help find patterns and insights buried in data, quantum computers can deliver solutions to problems where, due to a lack of data, patterns cannot be found.
"These powerful upgrades to our quantum systems, delivered via the IBM Cloud, allow us to imagine new applications and new frontiers for discovery that are virtually unattainable using classical computers alone," he added.
The company said future applications for the quantum computers may include providing solutions for complex financial modeling, logistics, chemistry, medicine, artificial intelligence and cloud security.