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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
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Definitions Managing the economy

Consumption Function

Published on November 05, 2024

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Definitions Behavioural economics

Expected Utility Theory

Published on October 31, 2024

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Definitions Competitive markets

Substitutes Economics

Published on October 30, 2024

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Definitions Competitive markets

Price Taker

Published on October 29, 2024

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Definitions Managing the economy

Disinflation Definition

Published on October 29, 2024

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Definitions Behavioural economics

Network Effects: A Detailed Guide

Published on October 28, 2024

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Global economics Definitions

Economic Ripple of Spanish Gold

Published on October 28, 2024

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Definitions Business economics

Real vs. Nominal in Economics

Published on October 25, 2024

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Business economics Definitions

Penetration Pricing

Published on October 24, 2024

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Definitions Competitive markets Factors of production

Economic Efficiency

Published on October 23, 2024

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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?
The Economics of Hyper-Personalization: When Every Consumer Gets a Different Price
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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