7/22/2009 5:39:22 PM By
E.J. Reedy
The World Wide Web Consortium and XBRL International are holding a "Workshop on Improving Access to Financial Data on the Web" in Arlington, Virginia, on October 5-6, 2009, to discuss an important concept in finance research - meta tagging. XBRL has been around for several years and has been adopted fairly widely according to the organizers but progress remains to be seen. I first heard of XBRL when working to support or President on the
Department of Commerce's Measuring Innovation in the 21st Century Economy - Advisory Committee. Read the
full conference call and extract goals of the workshop:
The goal of this workshop is to identify opportunities and challenges for interactive access to financial data expressed in XBRL and related languages, and the broader opportunities for semantic technologies. What are the use cases? Who are the stakeholders? What are the potential roadblocks and how can they be addressed? How can new applications be created based upon integrating XBRL with other sources of information?
The main outcome of the workshop will be the publication of a report that will serve as a guide for further work in both W3C and XBRL International.