Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week.
1 Workiva announces acquisition of the Arelle XBRL validation platform
2 The country needs a modern commercial register
The commercial register is a comprehensive database on the Swiss economy. Among other things, it lists all corporations with various information. At first glance, the commercial register would therefore be predestined to become a central point of information for any business interactions. But that’s not the case.
The country in question that this piece refers to in the original German (find your browser’s autotranslate button) is Switzerland, of course. The article advocates – without so many words – for bringing the commercial register from the 18th century, when it was founded, to the 21st, and for making it really useful in the digital age. We fully concur.
3 Ontology engineering and the love for modeling and analysis
Escher, the complexity of coffee, knowledge engineering with ontologies – all these are nodes of the semantic networks associate professor Maria Keet keeps and grows in her mind, openly sharing them on the Web. With plenty of curious intersections they live online, openly available, just as her textbook – An Introduction to Ontology Engineering. Having emerged from Maria’s research interests in knowledge engineering with ontologies, concept modeling and related natural language generation, this textbook is the first of its kind globally in this subfield, recently being recognized as outstanding by UCT Open Textbook Award.
This conversation with the author of said freely available ontology engineering textbook is quite academic, yet with a rather practical slant, as the future of structured data reporting will be ontological IMHO.
—————————————————————
Christian Dreyer CFA is well known in Swiss Fintech circles as an expert in XBRL and financial reporting for investors.
We have a self-imposed constraint of 3 news stories each week because we serve busy senior leaders in Fintech who need just enough information to get on with their job.
For context on XBRL please read this introduction to our XBRL Week in 2016 and read articles tagged XBRL in our archives.
New readers can read 3 free articles. To become a member with full access to all that Daily Fintech offers, the cost is just USD 143 a year (= USD 0.39 per day or USD 2.75 per week). For less than one cup of coffee you get a week full of caffeine for the mind.
