The concept of XML/XBRL tagging has been explained to newcomers in many ways – barcodes for financial data has always been popular – but I must have missed this enlightening description involving items of Liz Hurley’s clothing, offered on the UK ICAEW IT Counts blog by Simon Hurst way back in 2008…
Fortunately, the first Austin Powers film (International Man of Mystery) included a simple introduction to the concept of XML. In one scene Liz Hurley’s character revealed the contents of her suitcase. The most exciting thing about this (from the IT viewpoint) was that, not only were all the individual items of clothing in their own plastic bags, but each bag was labelled. This is the essence of XML. Each item of data is individually wrapped and given a label. This means that the information can not only be displayed in a browser like any HTML file, but can also be read directly by a computer application.
Maybe that’s what’s needed to galvanize the next XBRL conference in Rome. Ms. Hurley revealing the contents of her suitcase and reminding us of what is, after all, the real essence of what XML/XBRL is about: A nice pair of tags. Then rounding this off by introducing her new XML-inspired fragrance, offering the latest in full-on olefactory transparency: XScent (and its UK-only version iXScent).
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