How extensible reporting language will change your business

Description:In last month's edition of CIO, we kicked off our 'The Intelligent Real-Time Enterprise' series and briefly discussed extensible Business Reporting Language (XBRL). In doing so we highlighted two major implications XBRL will have on corporate reporting. Firstly that XBRL will become essential to corporate reporting, and secondly that it will likely reduce the importance of the format of published corporate information. In this article we examine these two implications in greater depth.