What is REAL-TIME ECONOMY? What does REAL-TIME ECONOMY mean? REAL-TIME ECONOMY meaning
Real-time economy is an environment where all the transactions between business entities are in digital format, increasingly generated automatically, and completed in real-time without store and forward processing. The real-time enterprise is 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 for less time.
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