XBRL for business. Consider the following from Business Intelligence Blog...Everyone of us know that barcode shows data about the object to which it attaches. This optical machine-readable representation of data, has done wonders for various industry verticals right from production distribution, supply chain, retail, healthcare, etc. right from 1974 when the very first scanning of the now ubiquitous Universal Product Code (UPC) barcode was on a pack of Wrigley Company chewing gum.

XBRL (eXtensible Business Reporting Language) is all set to do similar wonders for business reporting. In Business Reporting Supply Chain, collaboration of data is the key whether its business operations, internal or external financial reporting and regulatory reporting. XBRL is a open global standard, freely available for exchanging business information....XBRL is all set to revolutionize business reporting through electronic communication of business and financial data.

Soon via the use of mobile apps your ebill will contain only the code which will allow the content to be secured at source.

source: http://blog.maia-intelligence.com/2011/05/09/xbrl-a-barcode-for-business-reporting/

Cloud Computing Impact Evidance

In the past months I have had the opportunity to participate in public seminars, meet with leaders, loads of young entrepreneurs, and see much of the same as in the assessment posted by Jim Shepherd of Gartner.

Cloud-Based ERP May Be Approaching the Tipping Point from - First thing Monday morning news letter First Thing Monday

"One of the other things I noticed at the NetSuite conference was that the average age of the attendees was about 10 or 15 years younger than the people I see at SAP or Oracle user events. Most of them had business roles, but they were very knowledgeable about technology, and came armed with the usual assortment of mobile devices to stay in constant communication with both their work and personal lives. Having grown up with the Internet, their general view seemed to be that applications in the cloud were completely logical, and they had none of the usual concerns about security, data privacy, reliability or integration .... As I think about the pace of today's business environment and listen to the attitudes of the people who will be making application decisions in the next few years, I'm convinced that we're finally at the point where cloud-based applications may begin to rapidly take market share from on-premises applications".