Rivet Software » iPad http://blog.rivetsoftware.com Comply. Control. Communicate. Tue, 07 Sep 2010 18:02:14 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 iPlatforms and XBRL http://blog.rivetsoftware.com/2010/02/01/iplatforms-and-xbrl/ http://blog.rivetsoftware.com/2010/02/01/iplatforms-and-xbrl/#comments Mon, 01 Feb 2010 12:43:55 +0000 Stewart McKie - Executive Advisor http://blog.rivetsoftware.com/?p=1157 Bain Capital Venture’s recent $12m investment in EDGAR Online is clear evidence that wary software industry investors are starting to believe in the potential of a global financial ecosystem based on XBRL-tagged data. But I think there’s another reason for this confidence in the future of XBRL. Savvy tech-industry watchers also recognize that the proliferation of ‘iPlatforms’ means many more ways to deliver useful financial information by leveraging XBRL.Only a decade ago there was essentially one delivery platform for financial information: PC/UNIX workstations. Now we have two more: Mobile phones and the iPad. And it is these two delivery platforms that will truly drive the democratization of financial data given that more and more of it is now easily and publicly accessible through XBRL-tagged data sets.

Mobile phones are an ideal platform for alert and feed-based apps. XBRL to text message alerts are sure to come soon – if they are not already here. And it’s easy to deliver an RSS feed  - like the S.E.C.’s XBRL filing feed that you can see embedded in the widget on our home page – to virtually any mobile phone. There’s already an App for that.

The iPad opens up another delivery platform that is perfect for delivering XBRL analytics via applications like our own CrossView. Despite the naysayers, I’m convinced that the iPad will become a de facto business meeting accessory, quickly replacing laptops, especially in the financial services sector where having the latest and greatest is part of the game.

And what better app for an iPad than a complete snapshot of the financial performance of a prospect, partner or peer-group competitor provided easily and quickly across the Internet courtesy of XBRL?

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