What is real-time economy?
This refers to the concept that all business transactions take place in a digital format, generated automatically and taking place in real-time, rather than being delayed by documents being processed.
Where have you heard about real-time economy?
You may be unaware of it at the moment, but the real-time economy is an idea created and being developed by experts at the University of Aalto in Finland.
What you need to know about real-time economy.
This concept is the brainchild of analysts at the University of Aalto, a new institution based near Helsinki and created in 2010 by mergers between other establishments. The idea is to streamline and speed up the way the world of financial transactions works, making such events instantaneous. The real-time economy has been described as a giant spreadsheet, with new information such as orders moving automatically through the system, speeding up processes.