What are the benefits and challenges of adopting common data standards in your industry or domain?
\nData standards are agreed-upon rules and formats for how data should be collected, stored, shared, and used across different systems and organizations. They can help improve the quality, consistency, and interoperability of data, as well as enable more efficient and effective data analysis and decision making. However, adopting common data standards also poses some challenges, such as the cost, complexity, and coordination involved in developing and implementing them, as well as the potential risks to data security and privacy. In this article, you will learn about the benefits and challenges of adopting common data standards in your industry or domain, and how to overcome some of the common barriers.