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Items tagged with "XBRL"

A Getting Started Guide: Experimenting with LLMs for XBRL Analysis

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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No structure, no certainty: why AI needs XBRL. 

No structure, no certainty: why AI needs XBRL. 

There’s a myth doing the rounds: that in the era of AI, we no longer need structured data. That somehow, large language models can read a few PDFs and spit out perfect insights. It’s a nice idea—but it’s dangerously wrong.

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EIOPA calls for simplification – but not at the expense of supervision.

EIOPA calls for simplification – but not at the expense of supervision. 

Earlier this month, the European Insurance and Occupational Pensions Authority (EIOPA) set out its vision for simplifying regulation while maintaining effective supervision across the EU.

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Leveraging LLMs for Smarter Taxonomy Interactions

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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2024 in review: taxonomies, AI and the central importance of structured data

Our review of 2024: three major sustainability taxonomies, AI’s move to centre stage, and why the big endeavours ahead make structured data essential.

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Latest guidance: data-collection design and more

In this week’s stop-press news, we’ve just published new draft guidance on designing an effective XBRL data collection and processing platform.

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News Item

A year of advances: new and improved XBRL specifications

We continue to manage, improve and modernise the XBRL standard to ensure that it is fit for purpose as the world’s standard for digital data exchange. Key developments in 2024 included:

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A world tour in news

A few highlights from across our global community this year include:

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

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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Data Amplified: structured data is crucial in a changing landscape

Data Amplified: structured data is crucial in a changing landscape

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.

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