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What are the advantages and disadvantages of standards?

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1. What are the advantages of standards?
2. What are the disadvantages of standards?

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Solution Summary

In this solution I discuss the advantages and disadvantages of standards in software and technology.

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Standards provide several advantages and disadvantages. I will identify some of those here.

Advantages:
- enable more reliable systems since all of the parts in the system have well defined roles and methods of interaction
- enable more robust systems since all parts following the standard have well defined responses to unknown situations
- enables more parties to participate in the market ...

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