For a quick introduction to the ideas behind the formation of Real-Time Economy community, it is advised to check this page first.
Real-Time Economy knowledge and research
The diffusion and adoption processes of new technologies and real-time processes (e-invoicing, e-procurement, e-government, e-tax, RFID applications etc.) open new interesting avenues for research. In the real-time economy community, the knowledge and research section is organized into three subsections. By clicking the links below (E-payments & E-invoicing, Electronic procurement, Electronic government services), you can access and share information concerning each of these topics.
The RTE community is a meeting place and forum for the RTE fellows to publish their reflections on real-time issues. Follow the link below to read their statements. For information on how to apply to become an RTE fellow, please contact development@realtimeeconomy.net.
Real-Time Economy research projects
Real-Time Economy Program
Real-Time Economy (RTE) Program aims at promoting new technologies that enable a more real-time economy, processes, and services. RTE program was founded in collaboration with Tieto and Aalto University School of Economics in 2006 and it is partly funded by the Finnish Funding Agency for Technology and Innovation (TEKES).
Over the years the program has progressed through projects such as Full SEPA (20.10.2006-31.3.2008) which focused on payments and e-invoicing, the second was Full Value Chain (1.1.-31.12.2008) which broadened the focus to other value chain processes. The third project was Fully Integrated Accounting 1 (FIA1) (1.1.2009-30.6.2010) which will focus on e-accounting, e-archiving and e-auditing.
The fourth and currently on-going project - Fully Integrated Accounting 2 (FIA2) - started in the beginning of August 2010 and will continue to promote digitalization and harmonization of the financial value chains. The objectives in FIA2 are:
- Piloting and implementing Unified Reporting Code that harmonizes the mandatory business reporting of the companies. More details about reporting code at http://www.raportointikoodisto.fi/
- DevelopFully Integrated Payroll and HR reporting scheme, which harmonizes payroll and HR reporting of the companies
- Develop tools and practices that facilitate digitalized and automated accounting processes
- Develop e-trade functionalities and automated cash flow functions.
- Test Split Payment concept on VAT payments
- Facilitates incorporation of national and international e-invoicing standards (ISO20022)
- Continue promoting e-invoicing in Finland and Europe
- Generate high quality academic research in the field of real-time economy
- Contribute to the development of the Services in the Real-Time Economy Competence Centre in Aalto University
The starting point for the program objectives is the vision of integrated financial management for the future.
Related links:
Real-Time Accounting seed - Open discussion forum in the RTE Community related to real-time accounting
RTE at Aalto University School of Economics - Introduction to Fully Integrated Accounting 1 and 2 projects (in Finnish)
Publicity - News and articles published on RTE Program
Real-Time Economy Competence Center, HSE
At the Aalto University Shcool of Economics, the Real-Time Economy competence center conducts research related to the implementation of information technology that aims at real-time business processes. In the first stage of our project, we focus on electronic invoicing. Recently, we have interviewed companies and organizations that have adopted electronic invoicing. These organizations have already obtained considerable savings from e-invoicing. In our project, based on the interview data, we examine, e.g., what are the critical success factors in the adoption process, what are the effects of electronic invoicing on buyer-seller relationships, and what are the realized savings from the adoption of electronic invoicing practices.
List of current research in the HSE RTE Competence Center can be found here.
ICT& management Observatories, School of Management, Politecnico di Milano
The mission of the ICT & Management Observatories of the School of Management of Politecnico di Milano, which cooperate with ICT Institute of Politecnico di Milano, is to offer an accurate and continuously up-to-date picture of the impact of ICT on companies, public administrations, industries and market. There are now several ICT Observatories facing all the most innovative subjects: RFId, Mobile & Wireless Business, eProcurement and eSupply Chain, eCommerce B2c, Enterprise 2.0, ICT Strategic Sourcing, ICT Strategy & Governance, ICT in the Small & Medium Enterprises, Mobile Content, Mobile Marketing & Service, Electronic invoicing, New TV, Intelligent Transportation Systems, ICT & Disabled people, Information Security Management, ICT & CIO in the Health Sector, Mobile Finance & Payment, WiFi & WiMax, ICT & CIO in Fashion-Retail Sector, Business Intelligence.
There are several interesting conferences and research seminars that tackle issues related to real-time economy. We welcome any additions to this list of conferences and seminars.
Please see the list of research, references and links on the issues related to real-time economy here.
Networks and Communities
There are interesting networks and communities around the Net. Some of them are listed here.
- The Anywhere Office provides info about mobile life and distributed working http://www.theanywhereoffice.com
- Mobile Enterprise online community http://www.MobileEnterpriseMag.com
- MobileActive.org is a community of people and organizations using mobile phones for social impact http://mobileactive.org/
Social Media Challenge
We invite students from the Scandinavian and Russian universities to submit their ideas on how we could harness the tools provided by the social media to the use of information workers inside the company. For more information on the scope and the evaluation criteria of the Social Media Challenge, see FAQ.
Ideas should be posted to the Social Media Challenge seed on RTE Community website in English from teams of 1-3 university students. The maximum length of an idea is limited to 300 words. Please note that you have to register to the RTE Community before you can post an idea.
In addition, you can send maximum one ppt-slide as additional material to the Social Media Challenge e-mail address: rtechallenge@gmail.com. Please add a direct link to your idea posting in RTE Community in your e-mail.
The competition opens on June 8 2009 and the ideas have to be posted by October 30, 2009. The winners will be announced on December 1 2009. As the main prize, we give out a 5,000 € cash prize for the winning team. In addition, we are providing the winners with a Dell Netbook.
Real-Time Economy Community is organizing the Social Media Challenge in collaboration with Ovum, Helsinki School of Economics and Tieto.
Be innovative, release your imagination and tell us your idea!
More information on the competition:
FAQ
Competition poster
Mobile Financial Services
What is Mobile Financial Services?
Mobile Financial Services (MoFS) is a 4-year research program which aims at changing the use habit of financial services to mobile enviroment. The goal is to promote change towards a “wallet” in mobile phone that replaces or complements the traditional wallets, cash and cards.
The primary focus is to develop safe and flexible trust enablers and
cost-efficient banking and payment tools for existing, new and innovative mobile services and to put these in practice by creating the critical technical and business enablers.
The key partners in the MoFS program are Nokia, Nordea, Tieto and Helsinki University of Technology. The program is partly funded by TEKES (Finnish Funding Agency for Technology and Innovation) and it is part of TEKES strategic center of science, technology and innovation (ICT-SHOK).
Related links:
MoFS Seed - Open discussion forum in the RTE Community related to mobile financial services
Flexible Services - Reseach programme which will develop and put into practice a modular service infrastructure and related ICT-enablers, service functionalities and tools which will leverage the growth in service business that is globally competitive.
