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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
A hand holding an older model iphone taking a picture of several tall residential buildings of 40 stories or higher.
Managing the economy Market failures Business economics

eSIMs and the Green Digital Economy: Supporting IoT and Carbon Emission Reductions

Published on December 21, 2023

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

Volkswagen symbol on black background
Business economics

Case Study: VIN Decoders Empowering Consumers and Transforming the Digital Economy

Published on December 21, 2023

Where the Crypto Industry is Going in 2025

Where the Crypto Industry is Going in 2025

Published on December 16, 2023

The Role of Software Development in Driving Digital Economies

The Role of Software Development in Driving Digital Economies

Published on December 15, 2023

AI-Guided Educational Tools: A Growing Economic Niche
Managing the economy

AI-Guided Educational Tools: A Growing Economic Niche

Published on December 15, 2023

Choice Architecture
Definitions Behavioural economics

Choice Architecture

Published on December 14, 2023

Navigating Turbulence: The Impact of Global Economics on the Aviation Industry

Navigating Turbulence: The Impact of Global Economics on the Aviation Industry

Published on December 14, 2023

What is a NEET?
Definitions Labour markets

What is a NEET?

Published on December 13, 2023

Assessing the impact of a potential BRICS currency on global economics

Assessing the impact of a potential BRICS currency on global economics

Published on December 13, 2023

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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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