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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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Understanding DXPs: The Intersection of Economics, Technology, and Customer Experience

Published on November 03, 2024

A robotic arm in a futuristic, well-lit lab filled with shelves of organized equipment or items.

The Role of Digital Transformation in Driving Global Economic Recovery

Published on November 02, 2024

A string of glowing decorative lights with textured round bulbs, arranged on a dark surface.

The Economics of Brand Awareness: Key Metrics and Tools for Measuring Success

Published on November 01, 2024

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Definitions Behavioural economics

Expected Utility Theory

Published on October 31, 2024

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Behavioural economics Business economics Competitive markets Managing the economy Information Failure

Anonymity, Information Asymmetry, and State Capacity

Published on October 31, 2024

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Definitions Competitive markets

Substitutes Economics

Published on October 30, 2024

A panoramic view of London's skyline featuring modern skyscrapers, construction cranes, and a cloudy sky.

The Productivity Puzzle in 2025: Turning Point or False Start?

Published on October 30, 2024

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Definitions Competitive markets

Price Taker

Published on October 29, 2024

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Definitions Managing the economy

Disinflation Definition

Published on October 29, 2024

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Definitions Behavioural economics

Network Effects: A Detailed Guide

Published on October 28, 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

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?
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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?
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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