The XBRL Standards Board has approved a further Candidate Recommendation of the Open Information Model (OIM) suite of specifications. This latest release is expected to be the last prior to progressing to Proposed Recommendation status.
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.
The Open Information Model (OIM) is XBRL International’s strategic effort to simplify and modernise important aspects of the XBRL Standard. It will allow XBRL data to be used in new and simpler ways by detaching the standard from a single syntax. This means the same powerful features of XBRL can be used with various different […]
The XBRL Standards Board has approved the publication of a new Candidate Recommendation of the xBRL-CSV, xBRL-JSON and Open Information Model specifications.
The XBRL Standards Board (XSB) has approved a Candidate Recommendation release of the Filing Indicators specification. Filing Indicators are a mechanism used by some XBRL filing systems to enable filers to explicitly record which sections (or templates) within a report they have completed.
We’ve seen a growing interest in the new xBRL-CSV specification, with a number of XBRL implementations looking closely at using the format to meet their bulk data collection needs.
One item at this week’s XBRL Europe Digital Week was especially encouraging for those of us focussed on the modernisation and simplification of the XBRL standard. Fujitsu’s development team have been working on a Proof of Concept implementation for the xBRL-CSV specification. xBRL-CSV is designed to simplify handling of very large volumes of data. This […]
This week saw the much-anticipated publication of the Open Information Model (OIM) specifications as Candidate Recommendations.
Central banks and national statistical offices have increasingly been looking to big data sets and analytics to provide new insights – but managing data of this magnitude requires new data platforms. This week a Bank for International Settlements (BIS) report breaks down how best to deal with big data. Novel big data sets – such […]
Following the successful introduction of the European e-invoicing standard, Estonia is looking to go granular and make some business data standardised and machine-readable at the transaction level. Part of a wider scheme called the Internet of Business (IoB), the project will use XBRL to standardise financial transactional data. The standard will be adapted to fit […]
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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.
