What is Real-Time Economy community?

 Real-Time Economy (RTE) Community is an online community, a social network and an idea-generation platform where business people, research scientists, students, policy makers, service providers and organizations related to RTE meet to pave the way for real-time economy. The main activity in the community is to share and test ideas and thoughs on real-time economy and digitalization utilizing the means of crowdsourcing. RTE Community will reveal important ideas promoting cost-savings, increasing competitiveness, well-being and new modes of effectiveness related to the implementation of digital technologies.

For a user, participation in RTE community is the way to reflect the his/her  ideas/stories/competences on digitalization and real-time economy.

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What is Real-Time Economy?

Real-Time economy is an environment where transactions of all sorts are digital, increasingly generated automatically and completed in real time. The path towards RTE comprises of steps each of which contributes to the digitalization of business processes with considerable monetary and environmental savings. For example, e-invoicing indeed produces 238 bn€ yearly savings in process costs according to the EU. However, RTE is more than business process automation or financial value chain automation; it’s about bringing a new perspective to the economy. Digitized services and real-time transactions increase transparency, networking and collaboration in business.

 What is behind the RTE community?

RTE community is a joint collaboration between Helsinki School of Economics (HSE), TietoEnator and Dicole produced in Real-Time Economy program. RTE program is a joint program between Helsinki School of Economics (HSE) and TietoEnator. The first project of the program is Full SEPA (20.10.2006-31.3.2008) which is focusing on payments and e-invoicing, the second is Full Value Chain (1.1.-31.12.2008) will broaden the focus to other value chain processes. Full SEPA and Full Value Chain projects are funded by TEKES (the Finnish Funding Agency for Technology and Innovation).

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