The summit will be hosted by XBRL.org --  the international group developing the eXtensible Business Reporting Language (XBRL), an XML-based framework for the preparation and exchange of business reports and data -- as well as various other standards groups including: HR-XML, a global, independent, non-profit consortium dedicated to enabling e-commerce and inter-company exchange of human resources(HR) data worldwide; Object Management Group (OMG), an enterprise integration firm; Oasis, an international, not-for-profit consortium that advances electronic business by promoting open, collaborative development of interoperability specifications; and UN/CEFACT, a United Nations body whose mandate covers worldwide policy and technical development in the area of trade facilitation and electronic business.

 

The Interoperability Summit Series will identify intersections between major horizontal and vertical groups in order to promote acceptance of common models and approaches.

 

"Duplication of effort and overlap of specifications are major deterrents to interoperability," said Patrick Gannon, president and chief executive officer of OASIS. "We believe that if everyone communicates and collaborates on common issues, we'll all be more productive in achieving our own specific goals. The summit series will provide a forum to identify and coordinate the work that affects us all."

 

"XBRL.org is about bringing together the stakeholders in areas of business reporting and helping bridge interoperability of business data between disparate systems and speed the flow of information to the capital markets. Supporting integration between other XML efforts and XBRL.org expertise in the accounting and investment fields can only help make this happen with far greater impact," said Louis Matherne, co-chair of the XBRL.org steering committee.

 

The Interoperability Summit is open to all industry groups, standards bodies and consortia that have a vested interest in the modeling topic.

 

"The opportunity to agree on cross-consortia models benefits everyone," added Klaus-Dieter Naujok of IONA, member of the UN/CEFACT Steering Group. "Participants in the Interoperability Summit Series will learn and share information about modeling tools, methodologies and approaches to meta-data management. The Summit will give us all the opportunity to disseminate information about our own models and modeling goals and work proactively with other consortia representatives to ensure capability across industries and business functions."