The US Securities and Exchange Commission (SEC) is considering changes to disclosure requirements for small businesses, with an eye toward reducing compliance burdens.
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.
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 XBRL is outdated?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 […]
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 […]
Our review of 2024: three major sustainability taxonomies, AI’s move to centre stage, and why the big endeavours ahead make structured data essential.
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.
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.
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 […]
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.
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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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.
