Business Intelligence in Environmental Reporting Powered by XBRL

Michal Hodinka, Michael Štencl, Jiří Hřebíček and Oldřich Trenz
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Michal Hodinka: Department of Informatics, Faculty of Business and Economics, Mendel University in Brno, 613 00 Brno, Czech Republic
Michael Štencl: Department of Informatics, Faculty of Business and Economics, Mendel University in Brno, 613 00 Brno, Czech Republic
Jiří Hřebíček: Department of Informatics, Faculty of Business and Economics, Mendel University in Brno, 613 00 Brno, Czech Republic
Oldřich Trenz: Department of Informatics, Faculty of Business and Economics, Mendel University in Brno, 613 00 Brno, Czech Republic

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2014, vol. 62, issue 2, 355-362

Abstract: Today, companies are handling increasing amounts of transactional data. This phenomenon commonly named as "Big Data", has transformed from a vague description of massive corporate data to a household term that refers to not just volume but the diversity of data and velocity of change. Commonly used approach leads to usage of Business Intelligence (BI) technologies used not only to environmental reporting purposes, but also used for a data discovery discipline. The critical issue in general data processing tasks is to get the right information quickly, near to real time, targeted, and effectively.This article aims on several critical points of the whole concept of BI environmental reporting powered by XBRL. First, and most important, is the usage of structured data delivered via XBRL. The main profit on usage of XBRL is the optimization of the ETL process and its combination commonly used best practices on data warehouse models. The whole BI workflow could be moved further by additional data quality health checks, extended mathematical and logical data test, basics of data discovery and drill-down techniques.First part of the article review the state of the art on the XBRL level and also review current trends in environmental reporting. We also analyse the basics of Business Intelligence regarding to the application domain on environmental reporting. The methodology reflects today's technical standards of XBRL accordingly to the application via ETL process. In results we describe concept for standardized data warehouse model for the environmental reporting based on the specific XBRL taxonomy and known dimensions. In discussion we explain our next approach and all the pros and cons of the selected approach.

Keywords: corporate reporting; environmental reporting; XBRL; business intelligence; performance evaluation; key performance indicators (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:mup:actaun:actaun_2014062020355

DOI: 10.11118/actaun201462020355

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