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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
 Andrey Rappoport
Profiles

Rappoport Andrey Natanovich: A Career Built on Strategy, Scale, and Impact

Published on March 05, 2025

Konstantin Nikolaev - a businessman with experience in various fields
Profiles

Konstantin Nikolaev: Logistics Entrepreneur and Winemaker

Published on April 12, 2024

Vladimir Semenikhin: An Impactful Contributor to the Construction and Art World
Profiles

Vladimir Semenikhin: An Impactful Contributor to the Construction and Art World

Published on January 03, 2024

Sergey Skuratov: Pilot Turned Executive
Profiles

Sergey Skuratov: Pilot Turned Executive

Published on December 26, 2023

Valery Miroshnikov: Developing Deposit Insurance in Russia
Profiles

Valery Miroshnikov: Developing Deposit Insurance in Russia

Published on November 29, 2023

Nikolay Karpenko biography, photo, education, career, accomplishments
Profiles

Nikolay Karpenko biography, photo, education, career, accomplishments

Published on November 09, 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

Stephan Morgenstern: Visionary MLM Entrepreneur and Philanthropist in FutureNet
Profiles

Stephan Morgenstern: Visionary MLM Entrepreneur and Philanthropist in FutureNet

Published on August 10, 2023

Dmitry Doev: Biography, Accomplishments, VIS Group General Director (Doev Dmitry Vitalievich)
Profiles

Dmitry Doev: Biography, Accomplishments, VIS Group General Director (Doev Dmitry Vitalievich)

Published on June 30, 2023

Oleg Jelesko: The Future of Private Equity at Da Vinci Capital
Profiles

Oleg Jelesko: The Future of Private Equity at Da Vinci Capital

Published on April 26, 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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