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A Getting Started Guide: Experimenting with LLMs for XBRL Analysis

April 24, 2025

The exciting potential of using Large Language Models (LLMs) to analyse financial data, especially structured data like XBRL reports, is becoming increasingly apparent. Imagine asking an LLM to summarise key financial insights directly from an XBRL document – this is the kind of experiment many are eager to begin. However, those embarking on this venture […]

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AI and Digital Tagging in Sustainability Reporting: From Magic to Reality

April 22, 2025

This is an article by Donato Calace (SVP of Innovation and Accounts at Datamaran), in collaboration with John Turner (CEO at XBRL International) and Jérôme Basdevant (CTO and co-founder at Datamaran). It was originally published by Datamaran here, and is republished by their kind permission. As corporate sustainability reporting requirements have evolved, digital tagging and […]

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Leveraging LLMs for Smarter Taxonomy Interactions

February 20, 2025

This article by XBRL International Guidance Manager Revathy Ramanan is based on her presentation at Data Amplified 2024. You can also watch the original video here. In previous blogs, I’ve explored how we can leverage large language models (LLMs) like ChatGPT to significantly facilitate and enhance the analysis of XBRL reports, including both numeric data and […]

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Why AI needs XBRL

February 20, 2025

By John Turner, CEO of XBRL International, based on an original post on LinkedIn.  XBRL is outdated? That’s news to AI—and suggestions from some preparers that AI can replace XBRL remain wildly optimistic! Reality check: AI without structured data is like a self-driving car without roads, maps and experience on the road. It might get […]

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Why Structured Data and Definitions Vastly Outperform Unstructured PDFs in LLM Analysis

December 19, 2024

This article by XBRL International Guidance Manager Revathy Ramanan is based on her presentation at Data Amplified 2024. You can also watch the original video here. Large language models like ChatGPT are fascinating. They’re transforming how we understand and interact with data – and I’ve been particularly curious to explore how we can use LLMs […]

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Understanding Boolean and Enumeration Tags in Digital Reporting

September 27, 2024

This guest post is written by Catalina Ibáñez Gutiérrez and Carina Tepper from Lucanet Amana. Both are members of our Taxonomy Design Working Group. Introduction: The IFRS Foundation recently released its updated IFRS Accounting Taxonomy 2024 and the new IFRS Sustainability Disclosure Taxonomy.  In early 2023, EFRAG published the first Draft ESRS Set 1 XBRL […]

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Dates in XBRL

August 29, 2024

Creating XBRL reports frequently requires making explicit information that was previously only implicit. Human readers often infer information from context and convention, whereas the goal of XBRL is to create unambiguous, standalone structured data. A good example of this is the handling of dates and time periods. Reports often describe reporting dates and periods in […]

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Ensuring Trust and Integrity in Corporate Reporting: A New Global Standard for Digital Signatures

August 8, 2024

This article was first published in the Summer 2024 issue of ThinkTWENTY20. It is authored by John Turner, CEO of XBRL International. Corporate reports provide vital information on business performance, governing a wide range of decisions by investors, regulators, creditors, customers and other stakeholders. Reports can have an enormous impact on an organization’s value and […]

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Narrative disclosure analysis with GPT-4

June 6, 2024

New technologies such as machine learning and generative AI are creating exciting new opportunities for understanding business performance. In particular, they can crack open relatively intractable data that is difficult to analyse conventionally, making it easier to access new insights without deep technical knowledge. In my last blog post I began to explore how GPT-4 […]

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Unlocking the Potential of ESG Disclosures in India: A Must-Read Analysis

February 22, 2024

In an era in which sustainability is not just a choice but a necessity, understanding the Environmental, Social and Governance (ESG) landscape is crucial for stakeholders throughout the business data ecosystem. Our latest white paper, ‘Unearthing Insights from India’s ESG Disclosures,’ dives deep into digital Business Responsibility and Sustainability Reporting (BRSR) data for the financial […]

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