Microsoft teams with PwC, Nasdaq on Web service
InfoWorld | at | by Mike
Microsoft Tuesday launched a .Net Web service in association with PricewaterhouseCoopers (PwC) and The Nasdaq Stock Market that will enable investors and analysts to access financial data stored on the Internet and analyze that data using Microsoft Office.
The Web service makes use of an industry standard data format called XBRL (Extensible Business Reporting Language), which is being developed as a standard way to represent data in business and financial reports. XBRL is a schema based on XML (Extensible Markup Language) and was designed with the intent of eliminating paper financial reports and replacing them with digital reports that can be delivered over the Internet.