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Innovation has come to be recognized as one of the essential drivers of successful business. In recent years, finding ways of
fostering innovation has emerged as a central concern to both forward-thinking companies and government.
The establishment of standards is an important step towards fostering innovation in any industry. Most evidently in new
technologies, but also among well established areas of business, the use of carefully developed standards is providing the environment and setting the best possible conditions in which innovation can thrive.