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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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Global economics Definitions

Economic Ripple of Spanish Gold

Published on October 28, 2024

Close-up of the word "Skill" in a dictionary, highlighting its definition as an ability developed through training and technique.

7 Labour Market Shifts Driving Adult UpSkilling

Published on October 28, 2024

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Definitions Business economics

Real vs. Nominal in Economics

Published on October 25, 2024

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Business economics Definitions

Penetration Pricing

Published on October 24, 2024

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The Economics of Construction Productivity: Why Management Skills Matter

Published on October 24, 2024

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The Ultimate Cost Comparison: PCP vs Leasing vs HP Loans

Published on October 24, 2024

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Definitions Competitive markets Factors of production

Economic Efficiency

Published on October 23, 2024

Colorful sticky notes on a corkboard, featuring the phrase "Gen Z" prominently on a blue note amidst various doodles and graphs.

China's "Fake Office" Trend: Decoding Gen Z's New Work Culture Signals

Published on October 23, 2024

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Definitions Managing the economy

Seigniorage Explained

Published on October 22, 2024

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Definitions Competitive markets

Atomistic Competition

Published on October 21, 2024

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?
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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.
The Economics of Micro-Influencers: Reputation, Pricing, and Market Structure
December 19, 2025

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