With so much high quality structured data becoming available, there’s still a lot of ground to be gained in more “traditional” types of analytics and definite possibilities for significant automation and digitisation even without the application of AI.
Having robust structured data as the foundation for FinTech applications will only improve the utilisation and utility of both.
We expect significant advancement in analytics using structured data in 2017.
A lot happened this year, but a few things stand out as not just being news for 2016, but for indicating trends that will continue or accelerate in 2017 as well.
The XBRL consortium is a community of people working together to digitise a vital aspect of the global economy – enhancing the efficiency, accountability and transparency of business performance.
Earlier this year we brought to your attention the fact that firms just aren’t using the massive amounts of data they collect (see story, right). Now there’s new research bolstering that notion. In a new 136-page report, The Age of Analytics: Competing in a Data-Driven World, the McKinsey Global Institute examines the application of analytics, and […]
Alternative presentations of XBRL data using JSON and CSV, along with the increased use of iXBRL, are creating new opportunities for investors, analysts and others to access XBRL data directly.
There is proven phenomenon of countries without significant telecommunications infrastructure “leapfrogging” landlines and moving straight to a robust mobile network. Could business reporting work the same way? Business reporting in Tunisia is currently paper based and not particularly comprehensive, but the government in Tunisia is actively seeking foreign investment and is under pressure to enact […]
We’ve got some more news from our friends at the Data Coalition in the US this week. Their research arm, the Data Foundation, is publishing a paper in cooperation with PwC on Standard Business Reporting. An excerpt shared this week highlights the potential for SBR to reduce some of the costs to business for regulatory […]
The four major regulators in India involved in the adoption of XBRL are the Reserve Bank of India, the Ministry of Corporate Affairs (MCA), the Securities and Exchange Board of India (SEBI) and the Insurance Regulatory and Development Authority (IRDA). XBRL is also used by the BSE (formerly the Bombay Stock Exchange) and even by the state […]
Join our Newsletter mailing list to
stay plugged in to the latest
information about XBRL around the world.
By clicking submit you agree to the XBRL International privacy policy which can be found at xbrl.org/privacy
XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
