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Items tagged with "Structured Data"

SEC explores scaling down disclosure for small businesses

The US Securities and Exchange Commission (SEC) is considering changes to disclosure requirements for small businesses, with an eye toward reducing compliance burdens.

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XBRL is outdated? 

AI can replace structured data? That’s news to AI. Hear from XBRL International CEO John Turner on exactly why AI needs XBRL in his latest post. “XBRL isn’t a burden; it’s the fuel for AI-powered analysis, ensuring accuracy, comparability, and decision-usefulness,” he says.

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Why AI needs XBRL

By John Turner, CEO of XBRL International, based on an original post on LinkedIn.  XBRL is outdated? That’s news to AI—and suggestions from some preparers that AI can replace XBRL remain wildly optimistic! Reality check: AI without structured data is like a self-driving car without roads, maps and experience on the road. It might get […]

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AI can enhance XBRL reporting – but it can’t replace it

The idea that AI doesn’t need XBRL is a bit like saying that a self-driving car doesn’t need roads. It just doesn’t make sense. Yet with the European Commission’s Omnibus proposals sparking debate over regulatory simplifications, there are suggestions that companies don’t need to digitise their reports — perhaps AI can extract financial and sustainability […]

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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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AI impact and a bridge to the future: keynote reflections from Joe Atkinson

The turn of the year is a great time to look both back and ahead and that makes it a great time to report in more detail on the keynote speech by Joe Atkinson, Global Chief AI Officer at PwC, at Data Amplified 2024.

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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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Why structured data is key to unlocking ESG insights. 

Why structured data is key to unlocking ESG insights

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 […]

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Data quality emerges as key barrier to GenAI adoption

A recent report by Forrester reveals that data quality is now the primary factor limiting the adoption of generative artificial intelligence (GenAI) across industries. Since the emergence of GenAI, particularly with the release of ChatGPT in 2022, businesses have been eager to explore its potential for various use cases.

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SEC report sheds more light on benefits of machine-readable disclosures

In compliance with 2022’s Financial Data Transparency Act (FDTA), the US Securities and Exchange Commission (SEC) has released its second semi-annual report providing insights into the use and value of machine-readable data. The report covers a spectrum of benefits, including an updated list of which corporate disclosures are machine-readable.

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