The XBRL-CET working group meeting in Washington DC will demonstrate a compelling business case that meets those requirements.
The pilot projects that are the focus of the working sessions will demonstrate how two standardized data sets, the Company Profile and IECRE 61724, can be utilized by multiple stakeholders for multiple types of projects of varying sizes and shapes.
The efficiency gains will apply to all stakeholders big and small, public or private.
CTO for The Internet of Things
Famous business quotes....
The customer will never accept an ATM, people want personal interaction with the teller.
The customer will never give up paper checks, people like something they can hold onto.
Paper surety bonds will never go away, people want all the all the manual validations like the power of attorney, jurat, notary seal, corporate seal and wet signatures.
Multiple industry data interoperability is impossible, there are too many stakeholders with too many competing interests, with too many industry specific legacy systems to coordinate.
The solution for data interoperability is for some entity to provide it as a paid service.
Opening Agenda Topics
The DATA Act
The Federal Buttons
Blue Button - Medical Data Sets
Green Button - Energy Consumption Data Sets
Orange Button - Energy Production Data Sets
Improving Solar Bankability – The Orange Button
Solar for public agencies and on military bases
Improving access to surety credit for small and emerging companies to promote diversity and inclusion.
Performance Measurement, Big Data and Data Analytics - Solar System/Energy Storage
On Bill Financing to promote solar to utility customers
Access to low cost clean energy for depressed neighborhoods
Public Agency Compliance with the DATA Act for Transportation Projects.
Model for International Adoption of XBRL/FIBO for countries that are building Smart Grids.
William (Bill) Bryan
President - Energy Group
Closing Agenda Topics
The Balance Between Data Interoperability, IoT and Cyber Risk
Saving the earth - From Climate Change to Asteroids
Mr. Alfred R. Berkeley
Former Acting Chairman of the President's National Infrastructure Advisory Council
Former Chairman of XBRL US
Former Director of XBRL International
William (Bill) Bryan
President Energy Group
Standards that enable data interoperability are made possible thanks to the leadership and legislation from the federal government, work by trade associations on behalf of their membership and many individual contributions from private industry, but data standards that are the foundation of data interoperability are only useful if they are widely adopted and implemented.
There are many standards, but most are industry specific and limited to a specific audience with adoption isolated and in a silo.
Establishing data standards is the easy part, getting wide adoption is the hard part.
Any standard is only as good as its adoption, and without adoption will fade away.
To get wide adoption of any standard the business case for all stakeholders must be compelling and easy.
To be compelling the data standard must serve multiple industries, serve multiple business cases, widely adopted with guaranteed compatibility between disparate stakeholders, have no intellectual property, proprietary systems or trademark constraints, solve common information needs, and most importantly…free.
AGC Surety Connection Project at California State University Chico
K. Dixon Wright
Senior Vice President
Wells Fargo Insurance Servcies