Using a big data approach to drive analytics of large quantities of XBRL data, with necessary data structuring, aggregation, ordering and filtering controlled directly from the XBRL taxonomy (the business-led data definitions) has been something of a holy grail for regulators and other large scale users of the standard for many years.
Swiss Re and SAP are rethinking reporting by generating different reports based on different standards, simultaneously.
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 how businesses […]
Speakers at Data Amplified will bring insight into the way that data standards and emerging technologies like Blockchain, Big Data and Artificial Intelligence are repositioning both public and private organisations in an increasingly transparent environment.
Siloing among teams leaves data stranded and managed as a technical, rather than analytical exercise – holding back its use.
The business site Forbes has a blog post this week on the problem facing companies with huge amounts of data coming in through multiple streams, which can lead to a situation where an organisation is “data rich but insight poor”. Adding to this problem is that data has a lifecycle, during which its value to […]
We can’t help but notice that a lot of people in both the public and private sectors are starting to look at XBRL filing data in a whole new way.
XBRL Korea Annual Conference 14 April 2016 Seoul, Korea XBRL Korea, the Korea Accounting Institute and the KICPA are examining the impact on business reporting by AI and other trends such as Big Data in detail. The event will also identify opportunities for using structured data in conjunction with these emerging technologies to enhance the value […]
Get an inside look at how new technology is impacting reporting at all levels of today’s organisations and the transformation that Yahoo! has gone through in its dealings with structured financial information and big data.
Accenture and PwC have released reports based on surveys of business executives worldwide on the impacts Big Data is having on the decision making process. According to the Accenture report, executives say big data is delivering positive results in a variety of areas, including new revenue generation, new market development, enhanced customer experience and improving enterprise-wide […]