But something like "analyze this list of customer records for fraud" or "analyze this proprietary data for trends" has previously either required a lot of trust that your cloud provider isn't going to siphon your data, or just required on-prem hardware that you cannot scale as easily.
If "math on encrypted data" works, we could keep our data confidential while still sending of batches of it to be number-crunched at a cloud provider.
Or even start talking about distributed / peer-to-peer computing, where a swarm of users (or, say, businesses that wish to cooperate) can send compute jobs to each other without having to trust that the other members weren't going to go snooping through the data that was sent.