Real-time enterprise (commonly abbreviated to RTE) is a concept in business systems design focused on ensuring organisational responsiveness that was popularised in the first decade of the 21st century. It is also referred to as on-demand enterprise. Such an enterprise must be able to fulfill orders as soon as they are needed.
Though not particularly well defined, generally accepted goals of an RTE include:
*Reduced response times for partners and customers
*Increased transparency, for example sharing or reporting information across an enterprise instead of keeping it within individual departments
*Increased automation, including communications, accounting, supply chains and reporting
*Increased competitiveness
*Reduced costs.
See also
*
Business process management
Business process management (BPM) is the discipline in which people use various methods to discover, model, analyze, measure, improve, optimize, and automate business processes. Any combination of methods used to manage a company's business pro ...
(BPM)
*
Complex event processing Event processing is a method of tracking and analyzing (processing) streams of information (data) about things that happen (events), and deriving a conclusion from them. Complex event processing, or CEP, consists of a set of concepts and techniques ...
(CEP)
External links
Gartner*
Dawn of the real-time enterprise' at
InfoWorld
''InfoWorld'' (abbreviated IW) is an information technology media business. Founded in 1978, it began as a monthly magazine. In 2007, it transitioned to a web-only publication. Its parent company today is International Data Group, and its siste ...
White Paper on Real Time Enterprisesby
Vinod Khosla
Vinod Khosla (born 28 January 1955) is an Indian-American businessman and venture capitalist. He is a co-founder of Sun Microsystems and the founder of Khosla Ventures. Khosla made his wealth from early venture capital investments in areas such ...
&
Murugan Pal
Business process management
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