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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
Economic Risks of Dark Web Scams and How to Mitigate Them

Economic Risks of Dark Web Scams and How to Mitigate Them

Published on October 01, 2023

ICO Reviews: A Comprehensive Guide to Evaluating Initial Coin Offerings

ICO Reviews: A Comprehensive Guide to Evaluating Initial Coin Offerings

Published on October 01, 2023

The Economic Impact of Data Breaches

The Economic Impact of Data Breaches

Published on October 01, 2023

Labour Arbitrage
Definitions Labour markets Global economics

Labour Arbitrage

Published on September 27, 2023

Streamlining Tax Payments and Invoicing: Leveraging Fixed Costs and Modern Solutions for Business Efficiency

Streamlining Tax Payments and Invoicing: Leveraging Fixed Costs and Modern Solutions for Business Efficiency

Published on September 27, 2023

Utility Maximisation: A Guide to Rational Decision-Making
Definitions Behavioural economics

Utility Maximisation: A Guide to Rational Decision-Making

Published on September 27, 2023

Corporate Funds Flow to Traditional Bank Savings Products Among Historic Interest Rate Highs

Corporate Funds Flow to Traditional Bank Savings Products Among Historic Interest Rate Highs

Published on September 22, 2023

Best Fintech Solutions for 2024 | Innovations and Top Trends to Watch

Best Fintech Solutions for 2024 | Innovations and Top Trends to Watch

Published on September 22, 2023

How SEPA Transfers Facilitate the Adoption of Crypto in Europe

How SEPA Transfers Facilitate the Adoption of Crypto in Europe

Published on September 22, 2023

Timur Kulibayev, Kazakh Businessman: Major Philanthropic Projects for the Good of Kazakhstan
Profiles

Timur Kulibayev, Kazakh Businessman: Major Philanthropic Projects for the Good of Kazakhstan

Published on September 17, 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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