Real-time

Definition

Real-time in the context of management information systems refers to the processing and reporting of data almost immediately after it is received. It enables organizations to make decisions based on the most current information available.

Related terms

Data Processing: The conversion of raw data into meaningful information through a series of actions or steps.

Decision Support Systems (DSS): Computerized programs used to support decision-making activities in an organization.

Latency: The delay before a transfer of data begins following an instruction for its transfer