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Mapping Weak Signals

Inspired by: RTOs » extensible business reporting language

version: 5 / updated: 2011-04-20
id: #1716 / version id: #1716
mode: VIEW

Originally submitted by: Ed Dodds
List of all contributors by versions (mouse over)
Last changed by: Ed Dodds
WI-WE status:
submitted unpublished

Source of inspiration

Research and technology organisations (incl. universities)

The source of the Weak Signal is

http://conference.xbrl.us/, http://xbrl.org/ , http://himss.org/

Signal's headline

(max. 9 words)
extensible business reporting language

Signal's description

(approx. 150 words)
Please describe the Weak Signal (approx. 150 words)
financial data transparency and interoperability; interoperancy

Keywords

extensible business reporting language

Mini-description

(max. 250 characters)
interoperancy xbrl financial data transparency interoperability extensible business reporting language

Signal's first apperance

before 2000

Signal's potential evolution

It could lead to...
issue type of issue/development potential impact on society timeframe for the issue to become at least 50% probable
#1 financial transparency and regulation resolution of uncertainty
 		mainly beneficial
 		now-2015

Under what assumption the Weak Signal might evolve.

Government mandates

Importance

please specify
please select
Level 4: important for the whole world

Filters preventing the signal's monitoring

information/communicational filters (media/editorial interests, language, reasoning)
political filters (party or ideological interests)

Comments on selection:

XBRL (eXtensible Business Reporting Language) is a freely available, market-driven, open, and global standard for exchanging business information. XBRL allows information modeling and the expression of semantic meaning commonly required in business reporting. XBRL is XML-based. It uses the XML syntax and related XML technologies such as XML Schema, XLink, XPath, and Namespaces to articulate this semantic meaning. One use of XBRL is to define and exchange financial information, such as a financial statement. The XBRL Specification is developed and published by XBRL International, Inc. (XII).

Key driving forces of this signal

Please use these boxes to provide up to 2 drivers of HIGH importance. Click on HELP to see examples:
Driver 1 Driver 2
Political EU SEC

Potential stakeholders' actions

short-term actions
(now-2015) 		longer-term
(after 2015)
Policy actors (at the international, European and national levels) adopt and extend
Business actors (incl. SMEs) adopt and extend
Academic/Research sector adopt and extend
Non-for-profit organisations (e.g. NGOs, political parties, social movements, voluntary associations) adopt and extend
Media adopt and extend
General public adopt and extend

Signal's relevance for European Grand Challenges

where? please justify:
particularly relevant Europe world
Governance and trust in democracy XBRL is a standards-based way to communicate and exchange business information between business systems. These communications are defined by metadata set out in XBRL taxonomies, which capture the definition of individual reporting concepts as well as the relationships between concepts and other semantic meaning. Information being communicated or exchanged is provided within an XBRL instance. Early users of XBRL included regulators such as the U.S. Federal Deposit Insurance Corporation (FDIC) and the Committee of European Banking Supervisors (CEBS). Common functions in many countries that make use of XBRL include regulators of stock exchanges and securities, banking regulators, business registrars, revenue reporting and tax-filing agencies, and national statistical agencies. A wiki repository of XBRL projects is available to be freely explored and updated.[1] An XBRL Adoption Survey is available as well. According to the FT "the Securities and Exchange Commission (SEC) in the US, the UK’s HM Revenue & Customs (HMRC), and Companies House in Singapore have begun to require companies to use it, and other regulators are following suit."[2]

Signal's relevance for thematic research areas

please justify:
particularly relevant
ICT - Information & communication technologies

Signal's relevance for future R&D and STI policies

Note: RTD = research and technology development; STI = science, technology and innovation
XBRL is a standards-based way to communicate and exchange business information between business systems. These communications are defined by metadata set out in XBRL taxonomies, which capture the definition of individual reporting concepts as well as the relationships between concepts and other semantic meaning. Information being communicated or exchanged is provided within an XBRL instance. Early users of XBRL included regulators such as the U.S. Federal Deposit Insurance Corporation (FDIC) and the Committee of European Banking Supervisors (CEBS). Common functions in many countries that make use of XBRL include regulators of stock exchanges and securities, banking regulators, business registrars, revenue reporting and tax-filing agencies, and national statistical agencies. A wiki repository of XBRL projects is available to be freely explored and updated.[1] An XBRL Adoption Survey is available as well. According to the FT "the Securities and Exchange Commission (SEC) in the US, the UK’s HM Revenue & Customs (HMRC), and Companies House in Singapore have begun to require companies to use it, and other regulators are following suit."[2]