Put simply, interactive data means using technology to provide investors with quicker access to the information they want, in a format they can most easily use. Today, publishers of financial information offer a wealth of data about stocks, bonds and mutual funds. Unfortunately, investors seeking financial information direct from the source must often attempt to read lengthy corporate annual reports or mutual fund prospectuses. Even if these documents are online, they are often digital blobs with limited search capability.
The Financial Explorer site uses interactive charts and diagrams, including
“atomic models,” to represent data such as current assets, long-term
investments, and goodwill.
The SEC’s new Financial Explorer site is a tool that enables users to
manipulate raw data derived from XBRL, or extensible business reporting
Users can also compare earnings, expenses, cash flows, assets, and
liabilities for companies in the same industry.
“XBRL is fast becoming the universal language for the exchange of business
information and it is the future of financial reporting,” said in a statement. “With Financial Explorer or another XBRL
viewer, investors will be able to quickly make sense of financial