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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 Business economics

ATC Curve

Published on August 13, 2024

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Definitions Competitive markets

Cobweb Theory in Economics

Published on August 04, 2024

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Definitions Business economics

Actuarial Science vs. Economics

Published on August 04, 2024

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Definitions Global economics

Economic Defeatism

Published on August 04, 2024

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Definitions Factors of production

Economic Rent Definition

Published on August 03, 2024

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Definitions Business economics

Average Variable Costs in Economics

Published on August 02, 2024

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Definitions Business economics

Historical Cost Principle

Published on August 02, 2024

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Behavioural economics Definitions

Herding Psychology and Economics

Published on July 31, 2024

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Definitions Managing the economy

Homeowning Grows the Economy

Published on July 25, 2024

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Definitions Behavioural economics

Loss Aversion Definition

Published on July 24, 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?
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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?
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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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