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What is Real Time

Encyclopedia of Organizational Knowledge, Administration, and Technology
Receiving and processing of source data by the system immediately at the time of their creation
Published in Chapter:
Organizations Operating in Real Time (Real-Time Enterprise) and the Role of IT as a Tool Supporting Their Management Systems
Jerzy Kisielnicki (Faculty of Management, University of Warsaw, Poland) and Marek Michal Markowski (Faculty of Management, University of Warsaw, Poland)
DOI: 10.4018/978-1-7998-3473-1.ch043
Constant changes in the market and increased competition make it necessary to dynamically adapt the way of running a business. The pressure of constant changes implies the emergence of requirements for information technology, which is the basic tool for information processing in organizations. The necessity of immediate reaction to business changes, reduction of time of business processes realization, immediate retrieval of information and its sharing, became the foundation of the idea of a company processing real-time information (Real Time Enterprise, RTE). RTE provides real-time information to employees, customers, suppliers, and other business partners, ensuring timeliness and consistency across all IT systems. The possibilities of RTE implementation thus become an important element of the IT operation and the entire enterprise. It seems to be advisable to find determinants of designing a proper IT system supporting the operation of an enterprise that processes information in real time (RTE).
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Chat As New Pedagogy: The Emerging Communities of Learners in Higher Education
Refers to sensing and responding to external events nearly simultaneously with their occurrence.
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Business Relationships and Organizational Structures in E-Business
In the context of e-commerce, a real-time commission reporting system refers to a system in which a commission request is processed within milliseconds so that a commission report is available virtually immediately to an online salesperson.
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Future Trends: Global Projects & Virtual Teaming
When an event or function is processed instantaneously, it is said to occur in real-time. To say something takes place in real-time is the same as saying it is happening “live”.
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Virtual eXperience as a Mass Market Phenomenon: Spatial Computing and the World Building Challenge
Refers relating to a system in which data is processed within the shortest amount of time, such as milliseconds, so that it is perceived as immediately responsive.
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Data, Information, Knowledge, Ways of Knowing, and Computational Intelligence in Smart Cities
Real time in an urban context refers to anything occurring in-the-moment or, as it is happening.
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