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Quantum technologies represent a new paradigm with potentially groundbreaking applications for digital economies and society. Quantum sensing, computing and communication are significantly expanding technological capabilities to gather, process and transmit information. This paper examines the transformative potential of these technologies by outlining anticipated commercial applications and contributions to tackling societal challenges, as well as the associated digital, privacy, and national security risks. It identifies key policy opportunities and challenges, including the role of government support in nurturing emerging technology ecosystems, addressing constraints in supply chains, and developing a skilled workforce. The paper emphasises the critical role of anticipatory governance and international collaboration in shaping the human-centric and values-based development and use of quantum technologies.