Open industry standards improve bottom line

Burke, Thomas J.
March 2007
InTech;Mar2007, Vol. 54 Issue 3, p56
The author reflects on how open industry standards are being accepted by industry and how these standards improve a company's profitability. Industry standards grew out of the need for specialized products to be able to work together. Competitors collaborated to establish these standards primarily to increase market share. One example is electronic device description language which is a group effort of the OPC Foundation, Fieldbus Foundation, Profibus and the HART Communication Foundation. Another example is the OpenO&M, a collaboration between OPC, MIMOSA, ISA and OAGi, that allows for true information model enterprise integration.


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