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Digital twins and AI modeling can help companies determine exactly when maintenance should be done to maximize efficiency.

The Economics of Digital Twins and Predictive Maintenance

Large companies may be spending billions of dollars a year in inefficient maintenance on their capital goods, either doing too much maintenance and wasting money or not enough maintenance and dealing with equipment failure. Can digital twins and AI end this inefficiency?...
4 min read
A large curved screen in the background and a male hand holding a smart phone with the skype logo in blue.
Behavioural economics Competitive markets Business economics

Network Effects and the Retirement of Skype: Analyzing Microsoft's Strategic Shift and Its Market Implications

Published on March 07, 2024

Undustrial tubes seen from a top-down view.
Behavioural economics Business economics Competitive markets

The Risk-Reward Tradeoff in B2B Markets: How Fewer Clients Create Higher Volatility but Greater Margins

Published on March 04, 2024

Shortages in Economics
Definitions Competitive markets

Shortages in Economics

Published on February 13, 2024

Image of an older woman showing a young girl something on a laptop, the young girl is engaged in schoolwork.
Competitive markets

The Resilience of Human Instruction: Examining the Economic Principle of Comparative Advantage

Published on January 23, 2024

A 3d graphic of various social media and tech companies' logos
Business economics Managing the economy Competitive markets

Social Media Views as a Liquid Store of Value: Analyzing the Role of Network Effects

Published on January 20, 2024

Image of a man holding a phone with the robin hood app open
Business economics Competitive markets

Diminishing Marginal Returns: Case Study of Client Acquisition by Retail Trading Platforms

Published on January 03, 2024

A yellow iphone with the word "eSim" on it, as well as a hat, map and 35mm photo camera
Business economics Competitive markets

How eSIMs are Driving the Growth of the Digital Economy and Reducing Reliance on Brick-and-Mortar Infrastructure

Published on December 21, 2023

Social Engineering Grows As the Global South Comes Online
Competitive markets

Social Engineering Grows As the Global South Comes Online

Published on October 22, 2023

An image of a steel mill.
Definitions Labour markets Competitive markets

Factor Market: A Comprehensive Guide

Published on October 13, 2023

Disadvantages of Market Economy
Definitions Competitive markets Managing the economy

Disadvantages of Market Economy

Published on October 10, 2023

Newer Posts
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As AI makes fake news harder to distinguish from factual information, will consumers begin paying for verified sources?

The Economics of Deepfake Detection: Trust, Verification, and Information Markets

As AI makes fake news and misinformation harder and harder to detect, will consumers and producers begin paying for verification and certification of authenticity? Should governments get involved to re-establish trust in information to soothe roiling markets?...
4 min read

Recent Post

What would happen if sellers could use AI to determine how much you are willing and able to pay for every possible product?
The Economics of Hyper-Personalization: When Every Consumer Gets a Different Price
December 24, 2025
Thanks to the ease of remote work with today's technology, do cities still enjoy an agglomeration advantage?
The Geography of Remote Work: Are Cities Losing Their Agglomeration Advantage?
December 19, 2025
Instead of paying for Internet ads or TV commercials featuring celebrities, many firms are now using social media influencers to endorse products.
The Economics of Micro-Influencers: Reputation, Pricing, and Market Structure
December 19, 2025

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