Using AI to analyse XBRL reports?
If you missed our latest member-exclusive webinar on 20 November, don’t worry: the recording is now available!
If you missed our latest member-exclusive webinar on 20 November, don’t worry: the recording is now available!
Artificial intelligence is very good at producing answers. The problem is, without structured data, it often doesn’t know if those answers are right.
This guest opinion piece is the third in a series from Björn Fastabend, bringing us a regulator’s perspective alongside a wealth of experience in digital reporting. Björn is head of the XBRL collection and processing unit at BaFin, Germany’s Federal Financial Supervisory Authority, where he supervises all related activities and leads the implementation of strategic […]
XBRL International CEO John Turner on the need for digital analytics to be grounded in traceable, high quality, digital data. AI is coming for financial analysis, and it’s coming fast. Will that mean actionable insights or a hot mess of guesswork and hallucinations – and how do we know? In the last couple of weeks […]
This guest opinion piece is the second in a series from Björn Fastabend, bringing us a regulator’s perspective alongside a wealth of experience in digital reporting. Björn is head of the XBRL collection and processing unit at BaFin, Germany’s Federal Financial Supervisory Authority. He is also a member of XBRL International’s Board of Directors, and […]
This guest opinion piece is the first in a series from Björn Fastabend, bringing us a regulator’s perspective alongside a wealth of experience in digital reporting. Björn is head of the XBRL collection and processing unit at BaFin, Germany’s Federal Financial Supervisory Authority, where he supervises all related activities and leads the implementation of strategic […]
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 […]
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 […]
Large language models (LLMs) like ChatGPT are transforming the way people work across the globe – and we’re all keen to know what they can do with XBRL reports.
In the newest article in a recent swathe of research into XBRL and AI, UBPartner (long time XBRL software vendor and member) has explored the potential for natural language processing (NLP) to automate the identification and tagging of key information in annual reports.