User:Tanyaaa/IDTI

Interative data and tagged information (IDTI) is a term used to show how data-friendly companies are and which online tools they are using to communicate. IDTI was coined by Alex Ang, MD of InvestorMatrix, in 2008 and is currently used by public relations and investor relations professionals to communicate with stakeholders online.

Interactive data:

Interactive data refers to the extent in which a company uses XBRL (eXtensible Business Reporting Language). XBRL is a numeric open data standard intended to define exchange financial reporting. The XML-based system allows information modeling and the expression of semantic meaning commonly required in business reporting.

Tagged information:

Tagged information refers to the extent in which a company uses non-financial, text based information. In online computer systems terminology, a tag is a non-hierarchical keyword or term assigned to a piece of information (such as an internet bookmark, digital image, or computer file). This kind of metadata helps describe an item and allows it to be found again by browsing or searching. Tags are chosen informally and personally by the item's creator or by its viewer, depending on the system.

Fair Disclosure

IDTI helps companies adhere to US SEC regulations. In January 2009, the SEC introduced a phased mandate for filing in XBRL starting with the largest companies in June 2009 and then extending to all sizes of companies over the next three years. The rules require companies to provide their financial statements on their corporate websites in an interactive data format using XBRL at the same time their financial statements are submitted to the SEC. Additionally, if a company's website is RSS enabled and it releases financial information and any other material information through that website, it satisfies the new Regulation FD requirements. This is because financial analysts and investors can opt-in and subscribe to that information via RSS news readers or choose to have that information emailed to them as soon as it is published.

See also:

XBRL Tag_(metadata)

External links:

InvestorMatrix XBRL