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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 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

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

Image of a roll royce logo
Definitions Business economics

Veblen Goods Explained

Published on December 12, 2023

The Millennials' Economic Ascent: Redefining Consumer Preferences and Shaping E-Commerce Growth
Business economics

The Millennials' Economic Ascent: Redefining Consumer Preferences and Shaping E-Commerce Growth

Published on December 10, 2023

The AI-Driven Service Economy: Balancing Cost, Speed, and Quality in a Post-COVID Freelance World
Business economics

The AI-Driven Service Economy: Balancing Cost, Speed, and Quality in a Post-COVID Freelance World

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

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

The Rise of Boutique Services: A Growing Sector Reflecting Wealth Inequality
Business economics

The Rise of Boutique Services: A Growing Sector Reflecting Wealth Inequality

Published on November 25, 2023

Private Equity Continues to Favor SaaS Bundle Businesses
Business economics

Private Equity Continues to Favor SaaS Bundle Businesses

Published on November 11, 2023

Strong Growth of Comprehensive SaaS Businesses is Fueled by Private Equity Demand
Business economics

Strong Growth of Comprehensive SaaS Businesses is Fueled by Private Equity Demand

Published on October 14, 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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