What Does Real-Time Enterprise (RTE) Mean?

Real-Time Enterprise (RTE) is a concept in business systems design that helps organizations automate processes across different media, systems and enterprise boundaries. The main goal of RTE is to provide real-time information to customers, employees, partners and suppliers and implement processes to ensure that all information is up-to-date and consistent throughout all systems, which reduces the manual processsing normally associated with information. To achieve this, RTE systems exploit up-to-date information, eliminate delays and increase speed to achieve competitive advantage.

Techopedia Explains Real-Time Enterprise (RTE)

RTE provides the following main benefits to the various levels of an enterprise, as follows:

  • Operational Level: Enhanced customer service, reduced risk, less inventory and lower processing costs

  • Managerial Level: More efficient utilization of upcoming opportunities, minimal damage when system errors occur and improved agility when managing small and large threats and transformations

  • Leadership Level: Ability to quickly implement the strategies required to address changing circumstances

  • Minimized reaction times for customers and partners

  • Improved visibility: For example, reporting or sharing information throughout an organization, rather than retaining within specific departments

  • Enhanced automation, such as accounting, communications, reporting and supply chains

  • Greater competitiveness

  • Minimized expenditures

  • Business process management (BPM)

  • Knowledge management tools

  • Data warehouses

  • Database management systems (DBMS)

  • Enterprise portals

  • Real-time analytics

  • Integration brokers