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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
Fence and sign with the word "Privat" written on it.
Definitions Business economics

Privatisation Definition

Published on December 03, 2024

Stone statue of Yen currency symbol.
Definitions Forex Trading

Yen Carry Trade

Published on December 02, 2024

Close-up of a financial trading screen displaying the EUR/GBP currency pair with fluctuating line graph and market data.

The Economics of Trade Copying: How Cloud Technology Is Reshaping Retail Trading

Published on December 02, 2024

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Managing the economy

Economic Diversification and the Reincarnation of Saudi Arabia

Published on December 01, 2024

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Factors of production

Economics as a Pillar of Public Health: Addressing R&D Imbalances Through Public-Private Partnerships

Published on November 30, 2024

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Managing the economy

The Evolution of Public Debt in a Changing Economic Landscape

Published on November 29, 2024

Five miniature workers in yellow hard hats climb and work on large white interlocking gears against a blue background.

Improving Market Efficiency Through Payment Orchestration: A UK Guide

Published on November 29, 2024

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Market Failure

The Economic Impact of Geopolitical Risk: Insights from the War in Ukraine

Published on November 28, 2024

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Reducing Transaction Costs: Transportation Innovations for Global Business Events

Published on November 28, 2024

Gold coins with the Bitcoin logo placed on a dark surface with glowing lights in the background.
Global economics Crypto

The Emergence and Potential of Zero-Knowledge Proofs in Blockchain Technology

Published on November 27, 2024

Newer Posts
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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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