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Thanks to APIs, many programmers can create add-ons and extensions to existing software.

API Economies and the Modularization of Production

Thirty years ago, you had to buy entirely new software when your current program became obsolete. Today, you can download an extension, patch, or upgrade. Thanks to APIs, application programming interfaces, these "modular" additions to software can come from virtually anywhere....
4 min read
Development of Banking Software: Upcoming Developments

Development of Banking Software: Upcoming Developments

Published on February 06, 2024

AI in business economics and analytics: cost reduction and smarter decision-making through automation

AI in business economics and analytics: cost reduction and smarter decision-making through automation

Published on February 06, 2024

Indirect Tax
Definitions Managing the economy

Indirect Tax

Published on February 04, 2024

The Hidden Costs of Life Insurance: An Economic Perspective on Maximizing Long-Term Value

The Hidden Costs of Life Insurance: An Economic Perspective on Maximizing Long-Term Value

Published on February 03, 2024

People standing in front of a floor to ceiling window with a city in the background.
Business economics Behavioural economics

Economies of Scale and the Rise of B2B Subscription Services: Why Selling to Businesses is a Profitable Growth Strategy

Published on February 03, 2024

Stock market chart featuring green and red candlestick patterns on a dark background.
Forex Trading

Forex Day Trading With $1000 or Less: Beginner's Guide

Published on February 03, 2024

Regulatory Capture
Definitions Managing the economy

Regulatory Capture

Published on February 01, 2024

Vintage radios on wooden shelves.
Behavioural economics

The Enduring Power of Legacy Tech Businesses: A Case Study in Economies of Scope

Published on January 31, 2024

Three balanced stones at sunset with the ocean in the background.

Bringing Wellness Home: How Economic Shifts Are Transforming Consumer Behavior

Published on January 28, 2024

The Economics of Incentivized Internet Activity: A Case Study in Modern Economic Principles

The Economics of Incentivized Internet Activity: A Case Study in Modern Economic Principles

Published on January 26, 2024

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Although increasingly popular, AI still makes serious mistakes...which could cost companies big bucks in damages.

The Economics of AI Hallucinations and Error Costs

To save money on labor, many companies want to use AI to automate basic office functions, from customer service to research. However, AI is prone to making mistakes that are confidently presented as accurate facts. What are the economic implications of unchecked AI use by companies?...
5 min read

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