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.
In a recent article for Bloomberg, legal analyst Kate Azevedo provides some keen insights into the US Securities and Exchange’s (SEC) expanded use of XBRL tagging to enhance enforcement.
In the era of artificial intelligence (AI), there is a growing interest in the use of AI models like ChatGPT to enhance financial reporting processes. However, it is crucial to recognise the importance of structured, machine-readable data in training AI models effectively.
The recently passed Financial Disclosure Transparency Act (FDTA) requires the US Securities and Exchange Commission (SEC) and other regulators to adopt data standards for — inter alia — municipal data collection and reporting. Although the act passed in December 2022, the details of implementation are still a work in progress.
The US Financial Accounting Standards Board (FASB) and Governmental Accounting Standards Board (GASB) are looking into the ways in which investors are using artificial intelligence (AI) to consume and analyse financial data.
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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.
