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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
image of a laptop showing  financial forecasting tool

The Rise of Sophisticated Financial Forecasting Tools for Small Businesses in the AI Era

Published on December 13, 2023

Image of a roll royce logo
Definitions Business economics

Veblen Goods Explained

Published on December 12, 2023

3d rendering of silicon computer chips with a cloud to symbolize cloud computing
Behavioural economics Global economics

The Rise of Cloud Hosting: Trends, Impacts, and the Role of Managed Services in Supporting a Data-Driven Economy

Published on December 10, 2023

The Electric Revolution: How EV Adoption is Driving Growth in Charging Infrastructure as a Proxy Industry
Business economics

The Electric Revolution: How EV Adoption is Driving Growth in Charging Infrastructure as a Proxy Industry

Published on December 10, 2023

How To Navigate the Challenges of Cross-Border Ecommerce for Growth

How To Navigate the Challenges of Cross-Border Ecommerce for Growth

Published on December 06, 2023

Dutch Disease
Definitions Managing the economy

Dutch Disease

Published on December 01, 2023

Payment Processors: The Understated Force Enabling Our Cashless Economy
Business economics

Payment Processors: The Understated Force Enabling Our Cashless Economy

Published on December 01, 2023

Understanding the J Curve with Graphs
Definitions Managing the economy

Understanding the J Curve with Graphs

Published on December 01, 2023

The Impact of Consumer Credit Scores on Car Sales and Leasing in the United Kingdom: Lenders' Changing Policies

The Impact of Consumer Credit Scores on Car Sales and Leasing in the United Kingdom: Lenders' Changing Policies

Published on November 30, 2023

How to Manage Cash Flow While Scaling Your Business

How to Manage Cash Flow While Scaling Your Business

Published on November 30, 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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