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 in Big Data (1)
Big Data
Big data is one of those hot buzz words. But what is "big data"? This presentation by Amazon Web Services, Big Data and the Cloud a Best Friend Story, helps you understand the big picture. This video provides a little more detail, What is Hadoop?. Mapreduce is part of big data, much more technical but it really helps you understand big data.
A few interesting statements from the presentations:
- Data is the new raw material for any business on par with capital, people, labor.
- Data is growing at 75x, IT resources to manage the data is growing at 1.5x.
- While relational databases are important, there are other important tools.
- A lot of this has to do with scaling efficiently
Charlie
in Big Data, General Information
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