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Standards
Standards are specifications for products or services that have been agreed upon by a group of industry experts. This allows companies to create new technologies without worrying about compatibility issues since they know their products will work together if they adhere to these standards. The standard guidelines are adopted by several vendors and failure to adhere to these standards can lead to countless problems when interacting with other tech solutions in the space.
What Small and Midsize Businesses Need to Know About Standards
This means innovating more easily and quickly for SMBs because there won't be any delays due to a lack of standardization between different systems or devices from various vendors.
Related terms
- PDM (Product Data Management)
- Project Management
- Gain Sharing
- Small and Midsize Business (SMB)
- Business Process Automation (BPA)
- Human Capital Management (HCM)
- Best Practice
- Business Process Management (BPM)
- Business Impact Analysis (BIA)
- Track And Trace
- Digital Business Transformation
- Bimodal
- Span of Control
- Solution
- Business Process Re-engineering (BPR)
- Enterprise Solutions
- Growth Strategy
- Project Management Office (PMO)
- Business Process Outsourcing (BPO)
- Line Of Business