In case you haven't noticed — and judging by all the tumbleweeds and crickets, it seems like a lot of folks haven't — this XBRL thing is getting pretty big.
You remember XBRL — the data tagging language that's been tasked with saving the world by delivering accurate, timely, transparent and standardized financial information.
Long story short: There has been some major movement on the data front lately, and you're this close to seeing how huge XBRL really is.
And still way too many people think XBRL is all about public company financials — if they think of it at all.
Maybe it's time to turn up the noise a bit.
I mean, think about it: ?In the wake of the financial crisis, everyone has been screaming for more transparency, more accountability, better data, better information, the ability to make more informed decisions so crap like this doesn't happen again. And now we have XBRL, a technology that might just deliver all of that — and maybe more.
It might be that revolutionary.
It all sounds a little like social media to me. Early on, too many people dismissed the social movement as an interesting fad at best, and an unimportant annoyance at worst. Today, they're all struggling to keep their heads above water while next big wave (mobile, anyone?) bears down on them.
We're quickly approaching that kind of “are you going to ride the wave or be swamped by it” turning point with XBRL.
Thankfully, opportunities abound.
It's way past time to start paying attention, folks. XBRL isn't just another four-letter word. It's a game-changer.
Want to learn more?Don't miss these XBRL-related programs: