XBRL-based structured digital financial reporting - Blog: Digital Financial Reporting (using XBRL)

This blog post pulls together a set of information which helps someone understand the moving pieces of digital financial reporting:

Expert systems: Expert systems are computer programs that are built to mimic human behavior and knowledge. A computer application that performs a task that would otherwise be performed by a human expert.
Digital Financial Report Creation Vision: A digital financial report creation tool is an expert systetm. This provides an example of the types of benefits offered by such an application.
Framework and Theory: A framework and theory is necessary.
Artificial Intelligence: Artificial intelligence is used to make an expert system work. The term "artificial intelligence" tends to be overloaded and means different things to different people. This is a good definition of artificial intelligence as I mean the term:
- Artificial intelligence is an area of computer science that deals with giving machines the ability to seem like they have human intelligence; the power of a machine to copy intelligent human But behavior.
Two approaches to constructing artificial intelligence: There are two approaches to building artificial intelligence:
- #1-Know how to 'write down the recipe' meaning that those with the knowledge of some business domain articulate the information in machine-readable terms. In order to effectively express information in machine-readable terms, knowledge engineering skills are necessary. This document, Knowlege Engineering Basics for Accounting Professionals, summarizes important information related to knowledge engineering.
- #2-Let the machine grow the knowledge itself. Another term for this is deep learning.
Artificial intelligence to be 'the norm' in law firms in 2020: This article predicts that law firms will be using artificial intelligence by 2020 (only 5 years away). It does not provide a lot of specific details.
Artificial intelligence meets the C-suite: (McKinsey) "Many of the jobs that had once seemed the sole province of humans—including those of pathologists, petroleum geologists, and law clerks—are now being performed by computers."
Digital Financial Report Information Quality Improving: I have been tracking the quality of XBRL-based digital financial reports for three years, information quality has improved significantly. XBRL-US has created the Data Quality Committee to improve quality.
Digital Financial Reporting Part of Larger Trend - Digital Business Reporting: A digital financial report is a type of digital business report. Another name for a digital business report is 'semantic spreadsheet'.

It would be great to synthesize all of this information into one clear, concise document.