Standards

Standards help teams save time and money by giving them a common language for how their products can interact with other products, eliminating the need to build each component within a market or re-define how systems communicate with each other.

The Standards Innovation Paradox is the trade-off teams face when building a new product based on standards; reaching product market fit can happen much faster because finding an audience for the product is easier, but the pace of innovation ultimately flatlines due to market inertia and consensus driven standards development.

It’s also funny because the conversation is super contentious and confusing in PoS world, but that’s also where it’s the least important:

the single biggest threat associated specifically with the practical use of Standards is arguably the development of overly strict and inflexible Standards, which can be harmful to an organization. Excessively rigid Standards virtually paralyze the delivery of new IT initiatives with endless negotiations, bureaucracy and red tape. The pursuit of st

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