SWOT Analysis of Quantum Computing in Accounting

Abstract

This article aims to examine the potential and impact of quantum computing in the field of accounting, evaluating how this new technology can contribute to the sector. Specifically, it is important to investigate the balance between the advantages that can be gained in accounting processes and the challenges that may arise. To achieve this goal, a SWOT analysis method has been employed to systematically examine the strengths, weaknesses, opportunities, and threats of quantum computing in accounting. The existing literature and industry data form the foundation of this analysis, providing a more comprehensive evaluation. As a result, quantum computing offers significant strengths in the accounting field, such as high computational power, enhanced security, and automation capabilities. However, there are also weaknesses, including its current developmental stage, high costs, and the need for education. Additionally, while there are opportunities for new analytical methods and competitive advantages, threats such as technological uncertainties and increasing competition must also be considered. In this context, it is crucial for accounting professionals to be prepared for this new technology, as it holds critical importance for their future success. Thus, the effects of quantum computing on the accounting sector can be better understood, and its potential can be maximized.

Keywords

• Quantum computing
• Accounting
• SWOT Analysis

References

1. Ozyurek, H. (2024). SWOT analysis of quantum computing in accounting. The Eurasia Proceedings of Science, Technology, Engineering & Mathematics (EPSTEM), 32, 194-207.