woensdag 4 juni 2008

XBRL and Business Intelligence

XBRL was set up as a way to make communication on financial data between organizations easier. However, it offers very valuable opportunites to improve standardization within organizations. This makes it a wonderful tool for Business Intelligence, because it can make the data quality within datawarehouses much better. XBRL can help in assuring that all divisions of a large company talk about the same concept when they report about 'profit' or 'turn-over'.

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