“Unless the data is comparable, unless the data can be used easily, unless the data can be analysed, it’s no use having all this [sustainability reporting],” says CA (Dr) Debashis Mitra, Past President of the Institute of Chartered Accountants of India (ICAI).
We’re back after an amazing three days in Madrid at Data Amplified 2024. We enjoyed an incredible range of fresh ideas, updates and discussions.
Marc Houllier, CTO of Corporatings, took the stage at Data Amplified to showcase how structured data, enabled by XBRL, can revolutionise sustainability reporting. Houllier highlighted the power of structured data under the European Sustainability Reporting Standards (ESRS), offering vivid examples of how it solves problems that neither AI nor humans can handle efficiently with unstructured […]
Paul Warren, Technical Director of XBRL International, delivered some essential updates from the XBRL Standards Board (XSB) at Data Amplified, outlining the next steps in XBRL’s evolution.
Patrick de Cambourg, Chair of the EFRAG Sustainability Reporting Board, delivered a compelling keynote at Data Amplified 2024, highlighting the progress and some of the challenges surrounding the EU’s flagship sustainability initiative, the Corporate Sustainability Reporting Directive (CSRD).
Mark your calendars! Registration for Data Amplified, the leading conference on the future of business reporting, opens today. Join us from 19-21 November in the vibrant city of Madrid to engage with global leaders in digital reporting.
This week Data Amplified 2023 brought together professionals from across the world and across the digital reporting supply chain at the amazing SIX ConventionPoint in Zurich.
It’s been said that artificial intelligence – AI – replaces the need for structured data, but we believe that idea could not be further from the truth. It is certainly possible to skip digital tagging and use AI to get answers out of unstructured data, but they are often not very good answers.
Numerous countries use Inline XBRL as the gold standard for IFRS-based financial reporting. In particular, in Europe we now have two years of experience of the European Single Electronic Format (ESEF) – and some interesting insights from that are discussed above.
How many decisions do you make in a day? Hundreds? Maybe thousands? Of course, it all depends what you mean by a decision, and estimates vary between 27 and 35,000… But one thing is clear: humans are decision makers. And that means humans need data.
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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.
