What is the role of industry standards in technology development?
Industry standards play a vital role in technology development by ensuring consistency, interoperability, and safety across various products and services. They establish best practices that guide companies in designing and implementing technologies that adhere to specific criteria, fostering consumer trust. Additionally, standards facilitate collaboration among organizations by enabling diverse systems and devices to work together seamlessly. They also promote innovation by providing a framework within which new technologies can be developed and assessed. Ultimately, industry standards enhance quality and reliability while reducing risks in technology deployment.