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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
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Definitions Business economics

Product Life Cycle (PLC)

Published on October 01, 2024

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Definitions Managing the economy

Central Planning

Published on October 01, 2024

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Definitions Managing the economy

Dependency Ratio Definition

Published on October 01, 2024

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Definitions Business economics

Primary Sector Economics

Published on September 19, 2024

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Definitions Labour markets

Backward Bending Supply Curve

Published on September 04, 2024

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Definitions Managing the economy

Capital Accumulation

Published on August 31, 2024

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Definitions Managing the economy

Automatic Stabilisers

Published on August 30, 2024

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Definitions Business economics

Break-Even Analysis and Equation

Published on August 28, 2024

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Definitions Labour markets

Sticky Wages

Published on August 28, 2024

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Definitions Managing the economy

Core CPI vs CPI

Published on August 21, 2024

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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

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What would happen if sellers could use AI to determine how much you are willing and able to pay for every possible product?
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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?
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Instead of paying for Internet ads or TV commercials featuring celebrities, many firms are now using social media influencers to endorse products.
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