The report presents an RTE validation model to help stakeholders to understand the scope, relevance, and dimension of RTE innovation.
The validation process helps to assess the compliance of solutions with real-time economy goals, including identifying potential challenges with potential solutions before they are developed. The model helps to ensure that the innovation supports RTE development in the BSR region for businesses.
The validation model is divided into two steps:
- Does the idea support RTE development? Defining the RTE scope is the first step.
- Is this idea compliant with the criteria? Comparing the idea/innovation to the scope
In the first step, a definition and scope of the RTE solution for comparison with the validated solution is presented. Next, the suggested validation dimension criteria are presented with their suggested weights and descriptions. For the assessment in the second step, seven dimensions to validate the innovation: technological, strategic, legal, cost-benefit, business- and client-centricity, environmental, and future potential are presented. In addition, a scoring table with a score threshold for innovation assessment is presented.
“Report on a Real-Time Economy validation model for innovative initiatives/services” is compiled by PwC within the project “Supporting productivity and competitiveness of Estonian SMEs through Real-Time Economy and single contact point digital solutions”.
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