Hannon mentions that it will be easier to determine if data is in compliance with the Sarbanes-Oxley internal control framework. However, it seems equally likely that it will also be easier to determine if it is not in compliance. So, as an organization exposes its data via XBRL, the company will also have to simultaneously make a greater effort to make sure that it is accurate. Just because it is easier to understand how the data is created with the use of XBRL doesn't necessarily mean that the quality of the data is higher than before.
3. A critique of my assessment of the article.
The critique of the article agrees with Hannon that information systems should be built around data and not around applications and provides a relevant, real-world example of how difficult it is to conduct research across multiple enterprise resource planning modules. The critique also wisely suggests the need for further research to see what...
Even so, the critique should have been a bit more cautious with the endorsement of Hannon and it should have made more inquiries into the possible challenges for moving to a data-centric architecture given that Hannon provided absolutely no examples and revealed no possible issues or limitations. Any real-world practitioner knows that new technology adoption is always difficult and doesn't necessarily live up to its initial promise.
Bibliography
Hannon, N.J. (2005, October) Making data the center of your information system Strategic Finance Vol.87, Iss. 4. Retrieved on January 10, 2007 at http://proquest.umi.com.ezproxy.liberty.edu:2048/pqdweb?index=0&did=911491351&SrchMode=1&sid=2&Fmt=4&VInst=PROD&VType=PQD&RQT=309&VName=PQD&TS=1168481398&clientId=20655
