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The news: Cleveland Clinic and IBM struck a ten-year partnership to use AI and quantum computing tech to facilitate healthcare research initiatives, like precision medicine and drug discovery. As part of the deal, Cleveland Clinic will get to install IBMs first private sector quantum computing system.

Heres how it works: Quantum computers process information in a different way than traditional computers: For example, quantum algorithms can outperform regular computers in tackling issues like drug discovery, running searches through all possible molecules at rapid speeds.

Why this could succeed: It appears IBM is learning from its shuttered Watson Health venture: Instead of tackling a wide variety of AI problems, its narrowing its focus on cloud computing.

The bigger picture: Quantum computings presence in healthcare is still unfoldingbesides drug discovery, hospitals could leverage the tech for two key use cases:

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Cleveland Clinic, IBM ink a ten-year quantum computing dealhere are 2 ways the tech can be used in healthcare - eMarketer