Why the Data Economy Needs Standards to Thrive (CIGI)

Although not visible or understood by the average customer, standards keep the economy running. Standards describe and define the importance of a process, product, service or system. Standards provide a level playing field for industry and help build trust between participants in supply chains. When it comes to tangible goods – from a screw, to a toaster to a car – there’s an expectation that products will have gone through this process of creating a standard so that consumers can know that it’s safe and works properly.



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