BLOG: Digital Financial Reporting
This is a blog for information relating to digital financial reporting. This blog is basically my "lab notebook" for experimenting and learning about XBRL-based digital financial reporting. This is my brain storming platform. This is where I think out loud (i.e. publicly) about digital financial reporting. This information is for innovators and early adopters who are ushering in a new era of accounting, reporting, auditing, and analysis in a digital environment.
Much of the information contained in this blog is synthasized, summarized, condensed, better organized and articulated in my book XBRL for Dummies and in the chapters of Intelligent XBRL-based Digital Financial Reporting. If you have any questions, feel free to contact me.
Entries from June 7, 2015 - June 13, 2015
Justifications for semantic technologies – revisited
This article, Justifications for semantic technologies – revisited, is worth reading.
The bottom line is this. Semantic technologies allow for:
- straight application of knowledge in the production process through application ontologies; there is near to no entropy involved
- description and management of processes
- unambiguous descriptions through glossaries, context, knowledge models whereby concepts are explained through their relation to other concepts
- knowledge engineering
- knowledge representation
- reading by men and machines
- interoperability constructs and formats
- version control on the level of descriptions and operations
- knowledge generation on top of asserted knowledge
- support the growing attention for openness in public administrations (open data)
- coping with the above mentioned issues
Charlie
in Becoming an XBRL Master Craftsman
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