Real-Time Economy Innovations For Europe


Last year marked the start of the annual Real-Time Economy conference, which aims at advancing the development and use of real-time technologies in the area of financial processes. Our first annual conference gathered together 140 participants from 14 countries. Discussions then were focused around the themes of real-time accounting, XBRL, and public sector services. From the start we wanted the format of the conference to be based on fruitful discussions led by industry experts.

The theme for this year’s conference is automation. Today, we observe the rapid development in software, hardware and networking, revolutionizing the way we live and work. We are witnessing a great societal change, where digitalization is entering all areas of work, previously reserved exclusively to humans. Technologies such as Robotic Process Automation (RPA) are the manifestation of this change, enabling us to automate labor-intensive business processes with ease.

We begin the conference on Thursday (May 26th) with three keynote speeches on Blockchain by Markus Hautala (Tieto), Real-time Reporting by John Turner (XBRL International), and Big Data by Professor Kalle Lyytinen (Case Western Reserve University). On Friday (May 27th), we continue the discussion in three tracks: infrastructure and automation, real-time accounting, and research.

Warm welcome to Helsinki in May!

On behalf of the RTE competence centre,

Esko Penttinen, professor, information systems, Aalto School of Business
Aleksandre Asatiani, doctoral candidate, information systems, Aalto School of Business


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