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Digital twins and AI modeling can help companies determine exactly when maintenance should be done to maximize efficiency.

The Economics of Digital Twins and Predictive Maintenance

Large companies may be spending billions of dollars a year in inefficient maintenance on their capital goods, either doing too much maintenance and wasting money or not enough maintenance and dealing with equipment failure. Can digital twins and AI end this inefficiency?...
4 min read
Growth of firms
Business economics

Growth of firms

Published on January 17, 2020

Economies of scale
Business economics

Economies of scale

Published on January 17, 2020

Efficiency
Business economics

Efficiency

Published on January 17, 2020

Profits
Business economics

Profits

Published on January 17, 2020

Business motives
Business economics

Business motives

Published on January 17, 2020

Costs
Business economics

Costs

Published on January 17, 2020

Revenue
Business economics

Revenue

Published on January 17, 2020

Production
Business economics

Production

Published on January 17, 2020

Revenue and sales maximisation
Business economics

Revenue and sales maximisation

Published on January 17, 2020

Introduction to Business Economics
Business economics

Introduction to Business Economics

Published on January 15, 2020

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As AI makes fake news harder to distinguish from factual information, will consumers begin paying for verified sources?

The Economics of Deepfake Detection: Trust, Verification, and Information Markets

As AI makes fake news and misinformation harder and harder to detect, will consumers and producers begin paying for verification and certification of authenticity? Should governments get involved to re-establish trust in information to soothe roiling markets?...
4 min read

Recent Post

What would happen if sellers could use AI to determine how much you are willing and able to pay for every possible product?
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December 24, 2025
Thanks to the ease of remote work with today's technology, do cities still enjoy an agglomeration advantage?
The Geography of Remote Work: Are Cities Losing Their Agglomeration Advantage?
December 19, 2025
Instead of paying for Internet ads or TV commercials featuring celebrities, many firms are now using social media influencers to endorse products.
The Economics of Micro-Influencers: Reputation, Pricing, and Market Structure
December 19, 2025

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