Touted as one of the big innovations set to shakeup the coming decades, artificial intelligence (AI) and machine learning (ML) are playing an increasingly central role in financial reporting and analysis. With the age of big data meaning the volume of data sets is growing ever larger, it helps to have a computer aid with the analysis.
More and more securities markets around the world are shifting to collect data in iXBRL, and thanks to the work of the XBRL community on improving data quality, that data is more consistent and understandable than ever. That said, no matter how much high-quality data there is, it’s not helpful if it isn’t consumable.
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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.
