About: Real-time economy

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Real-time economy (not to be confused with real economy) is an environment where all the transactions between business entities are in digital format, increasingly automatically generated, and completed in real-time (as they occur) without store and forward processing, both from business and IT-processing perspectives. For enterprises, public sector, and citizens this means, for example, that (purchase) orders, order confirmations, invoices, and payments flow from system to system without delays. This makes it possible to move towards electronic archiving, electronic book-keeping, and automated accounting.

Attributes	Values
rdf:type	software yago:Abstraction100002137 yago:Act100030358 yago:Activity100407535 yago:Attitude106193203 yago:Cognition100023271 yago:Economy108366753 yago:Event100029378 yago:Group100031264 yago:Market101097292 yago:Orientation106208021 yago:PoliticalOrientation106212839 yago:PsychologicalFeature100023100 yago:YagoPermanentlyLocatedEntity yago:System108435388 yago:WikicatEconomicIdeologies yago:WikicatEconomicSystems yago:WikicatFinancialMarkets
rdfs:label	Real-time economy (en) Gospodarka czasu rzeczywistego (pl)
rdfs:comment	Gospodarka czasu rzeczywistego - model gospodarki, w którym wszelkie transakcje finansowe odbywają się w środowisku cyfrowym. Koncepcja opracowana i rozwijana przez Uniwersytet Aalto w Finlandii. (pl) Real-time economy (not to be confused with real economy) is an environment where all the transactions between business entities are in digital format, increasingly automatically generated, and completed in real-time (as they occur) without store and forward processing, both from business and IT-processing perspectives. For enterprises, public sector, and citizens this means, for example, that (purchase) orders, order confirmations, invoices, and payments flow from system to system without delays. This makes it possible to move towards electronic archiving, electronic book-keeping, and automated accounting. (en)
dcterms:subject	Economic systems Economic ideologies Financial markets
Wikipage page ID	29290534 (xsd:integer)
Wikipage revision ID	1095943346 (xsd:integer)
Link from a Wikipage to another Wikipage	Electronic invoicing Electronic receipt United Nations Conference on Trade and Development Circular economy General Electric Comparative advantage Spreadsheet Store and forward Economic systems XBRL GL Estonia Digital media Real-time computing Green growth Economic ideologies Financial markets Track and trace Real economy Financial transaction Supply chain Value chain
Link from a Wikipage to an external page	https://www.iru.org/resources/newsroom/e-cmr-further-road-transport-digital-revolution https://www.aalto.fi/en/department-of-information-and-service-management/real-time-economy-competence-center https://www.cfo.com/technology/2002/02/the-real-time-economy-how-about-now/
sameAs	Real-time economy Real-time economy Real-time economy Real-time economy Real-time economy
has abstract	Real-time economy (not to be confused with real economy) is an environment where all the transactions between business entities are in digital format, increasingly automatically generated, and completed in real-time (as they occur) without store and forward processing, both from business and IT-processing perspectives. For enterprises, public sector, and citizens this means, for example, that (purchase) orders, order confirmations, invoices, and payments flow from system to system without delays. This makes it possible to move towards electronic archiving, electronic book-keeping, and automated accounting. Real-time economy can be described as an economic system from which the time-consuming intermediate steps between sales and reporting are eliminated. All the elements of business transaction, like sales, invoicing, accounting, tax payment and business reporting, will take place automatically, in a digital environment and in real time. For example, the real-time enterprise can be considered as a giant spreadsheet of sorts, in which new information, such as an order, is automatically processed and percolates through a firm's computer systems and those of its suppliers. The core objective of the real-time economy is the reduction of latency between and within processes. Latency reduction will reduce capital occupancy costs by occupying assets (physical and labor) for less time. It aims at promoting new technologies that enable a more real-time economy, processes, and services. (en) Gospodarka czasu rzeczywistego - model gospodarki, w którym wszelkie transakcje finansowe odbywają się w środowisku cyfrowym. Koncepcja opracowana i rozwijana przez Uniwersytet Aalto w Finlandii. (pl)
gold:hypernym	Environment
prov:wasDerivedFrom	wikipedia-en:Real-time_economy?oldid=1095943346&ns=0
page length (characters) of wiki page	9765 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Real-time_economy
is Link from a Wikipage to another Wikipage of	Continuous auditing
is foaf:primaryTopic of	wikipedia-en:Real-time_economy

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