The query complexity of the QSVT circuit is d, where d is the degree of our polynomial. We derive an explicit and exact formula for the degree d based on condition number κ and error ε. Asymptotically, d ~ κ log(κ/ε), with prefactor 1.
This can give an exponential improvement to classical matrix inversion, which scales as ca. N^3 for a NxN dimensional matrix. (N=2^n, where n is the number of system qubits required for the matrix.)
However, the the polynomial degree merely gives the query complexity to the block encoding. In order to have a practical quantum advantage, it is paramount that the matrix have sufficient structure for an efficient block encoding circuit to exist.
Another important factor is any required downscaling of the optimal polynomial due to the normalisation requirement of unitary optimisations. This is studied numerically in the paper, and it is seen that the optimal polynomial outperform the other polynomials considered.