Real-time is a common term in engineering texts. It means a system that produces output within a very tight deadline. I am writing a proposal to be read by non-engineers. I just wonder if it is clear to everybody to say: "the algorithm needs to be fast to produce the results in real-time"?
Edit: The problem is that this is a one-page proposal and the guys who are going to read it might be from social or bio sciences. So, I don't have enough space to define everything. I can replace "real-time" by something like "fast". But I just want to keep the things a bit technical but understandable to everybody.